Warren Buffett on Fed balance sheet: Cash is not trash

Berkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. Warren Buffett discusses the Federal Reserve balance sheet and inflation. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@TimothyRudy]

Munger always comes in with the zingers it’s hilarious.

[@paul_k_7351]

Warren: “So far the system has worked pretty well…” Charlie: “So far the man who has jumped off a tall building is alright… until he hits the ground.”

[@robertagren9360]

So far the special hospital operation been working until they fall up the stairs and out of the window.

[@pietropaolini7398]

They don't seem to agree

[@vonnano3561]

Maybe it's just me. I always feel like Charlie is more blunt and honest than Warren when they talk about subjects involving the government and politics. Warren also said, “A lot of people want a little bit of inflation but nobody wants a lot of inflation." Inflation is also the term for the higher cost of living. If you replace "inflation" with "higher cost of living" in the same sentence it will be “A lot of people want a little bit of higher cost of living but nobody wants a lot of higher cost of living." Really? If that's the case, Walmart and Costco should change their slogan from "lowest price every day" to something like "a little bit of higher price every day." And see if their customers like it. By the way, the cost of living is directly correlated with the standard of living. The higher the cost of living, the lower the standard of living, and vice versa.

[@jimj2683]

@@vonnano3561 leftists love inflation.

[@chowsquid]

You know how some people get a raise every year or so? That’s the little bit of inflation Warren is talking about.

[@missflorafactory]

Charlie is a true treasure. Extremely smart man who only tells what he really believes and thinks.

[@teacherrussell5206]

And on top of all that, he and Charlie are pretty funny guys.😆

[@Erikkurilla01]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@Lemariecooper]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@jessicasquire]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving

[@patrickbrussels4454]

I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 2.8million

[@RandalColling]

@@Lemariecooper Whatever stocks you have that are down, you simply dont sell them for a while. Try to not lose money!

[@RandalColling]

@@patrickbrussels4454 Bershire doesnt day trade. They use the buy and hold strategy.... the most successfull investors in history. Dont day trade. Dont follow charts. I tried day trading a few different times. Buy and hold wins in the end.

[@KK-pm7ud]

This is for you Ray Dalio

[@LIVdaBrand]

I’d listen to these men on their own podcast

[@macd6351]

Banks should not be involved in investing.

[@robertagren9360]

70% of all companies would crash in 8 years

[@lukewhis]

These guys talk and live like the dollar is eternal

[@tobieaina]

I think they don't care cos they will get paid whichever currency is being used

[@12345678924439]

Found the bitcoin guy

[@mitchmellalieu]

It will outlast all the rest...

[@OmarBenjumea]

More $100 bills in circulation keeps global criminal activity going, which in turn keeps the dollar alive during the overall slow down in global demand for cash.

[@heatherconrad5308]

Nice to listen into a conversation that is on the topic instead of ambiguous as to what is challenging us in the immediate and also in the near future. Thankful for this.

[@gilbertayala9531]

Aloha kakahiaka, good to see the Kupuna on investing Makuakane tutu Warren Buffett…Mahalo ke akua for keeping him ikaika …. Aloha tutu kane

[@makedredd299]

Never ever trust a bankman! - Sam Bankman-Fried

[@Poochie1]

You don't bite the hand that feeds you Warren...

[@Barbershoppod]

Charlie is spot on.

[@PETE4955]

I would suggest he's playing the financial stableiser. The American economic debt will eventually have a negative effect.

[@Art-is-craft]

It will not have an effect that you think. It will affect long term growth but will not cause a crash.

[@Jcwbu]

I watched this video to get a feel on how bad our state of affairs are. BRICS coming together with more countries joining including Mexico, loss of Petrodollar, printing more money causing inflation.... our debt ceiling increasingly being hit every year where foreign investors aren't willing to pay for it... we are headed down the path to Hell. It only took 2 months of mumbles about a recession before US hit the financial crisis of 2008. It took two years for the USSR to fall. Rome fell after being in a constant state of surplus. Every empire falls eventually. We are not too big to fail. And when we do, other countries will attack us at our lowest.

[@marcelofilho1352]

**I would like to suggest a debate about bureaucracy (pub/priv) and how reducing bureaucracy could contribute to reducing inflation at a national and global level. And how that can save world economy and avoid the crashing of banks

[@zadokisrael9195]

31 CFR § 225.5(e) - Pledge of definitive Government obligations (through Book Entry).

[@johnbruenn8755]

I hope somebody in the AI field is tapping into the wisdom these guys have. We’re gonna need it long after they’re gone.

[@isabellamarie6213]

These strategies are quite rigorous for the huklumu\jregular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@sleeprainrelax885]

Where it is??? Check Ukraine

[@user-xx2bj2xt9b]

I’m really jealous of warren buffet,he had a friend and a partner like munger all those years

[@maalikserebryakov]

same I wish i had a trusted companion like that

[@annihilationHaven]

The main drawbacks of cash is coercive power and the passive income game (aka usury), and the fact that it is a rapidly depreciating asset. Nobody in their right mind would agree to do work for such a weak asset that will be worthless in 20 years.

[@Rose-nj2zj]

I'm in complete awe at how I went from living an average life to making over 63k per month. It's amazing. The financial markets are full with opportunities, but I've learned a lot over the past few years to doubt that. The key is knowing where to focus. Well appreciated, Mr SAM DEYMON

[@rayRay-pw6gz]

When the war against Saddam Hussein ended. The military was trying to secure many of his palaces . In one underground bunker they found it filled with pallets of US paper bills wrapped in plastic wrap five feet high . Our currency is used all over the world .

[@chowsquid]

No doubt. Even by Americans sworn enemies. They know which current they’ll need to buy their way out of a jam

[@RADIUMGLASS]

I remember they found 700 million in cash on pallets. The night before the invasion, Hussein's son had 1 billion dollars of US currency removed from the bank of Iraq and it was put into a gravel hauler and hauled away.

[@Art-is-craft]

@@chowsquid That’s because the dollar is the only stable currency of scale. The dollar dips and all the other currencies will crash and cause WW3.

[@zadokisrael9195]

Cash is trash because the balance sheet is in digital U.S. Dollar credits.

[@LarryLunchbox]

It’s not a balance sheet, it’s a financial statement

[@TEXLIFE]

Balance Sheet is a financial statement. Bruh

[@LarryLunchbox]

@@TEXLIFE no …it not.

[@LarryLunchbox]

@@TEXLIFE balance sheet is assets vs. liabilities…a financial statement is revenue vs. expenses

[@TEXLIFE]

@@LarryLunchbox 🤦

[@toram6210]

they never age?????

[@maricel4083]

Leader said cush is paper toilet. So soon I will saw them hu us toilets and hu us cash.

[@hugosalinasaliaga5266]

Did Warren say he rather have the FED target at 0%?

[@aryankushwaha1964]

No😊

[@KK-pm7ud]

Yes.

[@AnEducator]

He would prefer zero inflation, but many prefer some inflation.

[@robertagren9360]

The fastest way would be to shut down the banks but people would protest having a 0% inflation society

[@Firestorm637]

80 years of propensity after ww2. Dollar became world reserve currency after pounds. Are we running out of steam

[@Art-is-craft]

Most people misunderstand why the US is the world reserve currency. It is not to support the dollar it is to keep everybody else floating.

[@siamcharm7904]

we have had a massive debasement of our currency over past 2/3 years. thhere is a lot more inflation to come . this loss in buying power is furthur spooking foreigners from buying our debt adding to fears from sanctions and seizures. the more they stay away, the more will be added to fed bal sheet leading to even more inflation. much of the extra cash is in stock market helping account for overvaluations. stagflation is most likely future.

[@robertagren9360]

Ask the rich why they are not buying

[@kencastaneda9361]

It’s clear as to where these men stand. With Bill Gates

[@qake2021]

😯🙏🙏🙏🙏🙏🙏🙏🤞

[@holdbitcoin1448]

Cash is trash Bitcoin is gold

[@williamamor9612]

Transcript here worst I've seen.

[@mohammedwaheeduddinafsar9482]

Balance kya hai mujhe nahin maloom aapko maloom hai Allah Ko Hazrat rakhte hue Allah ke Naam per set kijiye kyunki ham malkin Allah se mangte Hain vah bada Rahane wala hai aur Sare mugalon ka aaj ka Sare Alam ka hisab rakhta hai ab aap Allah se meri dua hai aapse Sahi send kar lae alhamdulillahi rabbil

[@Firestorm637]

China has grown from rice paddies in the 60’s to a world superpower. Amazing! Largest importer all goods. Largest importer and infrastructure producer South America and Africa, plus parts Canada. Largest battery manufacturer, most world refining., powerful military and space program. China gaining more control Asia trade gateway thru South China see. China is surpassing USA as USA watches. China has been very proactive past 60 years. Eve China concerned debt of usa. China and other countries building up gold reserves

[@ClaudioPascual]

It baffles me that the oracle of omaha doesn't understand the problems derived from printing money like the fed has done in the last 20 years. He must be senile

[@maalikserebryakov]

He doesnmt care. His money is in stocks. Inflation doesn’t affect them

[@chuckyum4149]

I do not know why everyone is concerned about the coming depression when Warren and Charlie are not. Are the regular people smarter than Warren and Charlie?

[@marcob.7801]

They'll be taking the dirt nap by the time it really hits hard!

[@robertagren9360]

They have one foot in the coffin and both have earn enough to have dividends that they lose money if the invest their money because they earn it faster than they spending.

[@robertagren9360]

Berkshire hathaway is in the top 10 companies of the world. They are the economy and they don't have to ask to be given money.

[@robertagren9360]

The coming depression arrive maybe 2026 and we're just watching the beginning and it last 30 years because that's the maturity time.

[@robertagren9360]

You really don't think Warren knew what he said when he said for sale and maturity. Everything becomes for sale and if you know when bonds will mature you know as well when there's cash. So what he's saying is when bonds are cheap buy them. Cash is trash since the governments are defaulting on their currencies and print new money.

[@AIIG-zd5dx]

Everybody is concerned about the market going down but refusing to take advantage of it. The best decision ever made in my life was investing regardless of the market condition. I made over 218k.USD with a start up of 39k.USD in the last three months. Trust me guys, it really pays a lot!

[@adamdouglas9888]

The market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.

[@Georgina705]

My advice to anyone feeling the heat in this current market. Just trade long term more than ever. If you can then get a professional to trade for you, think that way your assets are more secure

[@arktom7335]

Thanks to Fergus waylen for showing me the appropriate way to get into crypto investing and trading with his trade signal and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Mr fergus Waylen /

[@charles2395]

Yes I Agree, I've been talking to Fergus waylen for long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for most beginners and those who are close to retiring

[@wells7147]

I'm honestly surprised that this name is being mentioned here, I stumbled upon one of his clients testimony last week in CNBC world news

[@user-vj9sz5xc3b]

trash

[@kevinm4157]

I don't trust a word this man says.

[@Sammy-uv1kl]

They can’t even hear each other anymore - what a sad state of affairs

[@matthewcoreyhall]

they are doing amazingly considering their age... i hope i'm as sharp when i'm in my 90s

[@kevinm4157]

@@matthewcoreyhall Indeed, I doubt I'll even make it that far. That's besides the point however.

[@Firestorm637]

Devaluation of dollar, multiple reserve world currencies, loss of petrodollar influence, using dollars thru sanctions as a weapon, governance continues overspending and printing money out of thin air, usa debt, open borders. All these concern me.

[@babarfahim6859]

it takes 5 secs to build a world system where innocent can enjoy and assholes can suk on money .... :/