Warren Buffett on banking crisis fallout and why he sold most of his bank stocks except one
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- Опубликовано: 28 авг 2024
- Warren Buffett, Berkshire Hathaway CEO, joins CNBC's "Squawk Box" to discuss the fallout from the banking crisis and why he sold certain bank stocks. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
Don't depend your market assessments and decisions on hearsay and rumors; I did it in 2020 and ended up with worthless market holdings. Before I started noticing any notable improvements in my portfolio, Helene and I had to completely rebuild it. I've been using the same advisor ever then, and in just two years I've scaled up to $876k. Depending on where you look, a bullish or down market might both produce good profits.
Thats a good one. I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market. Could this coach that guides you help?
She should. Having a counselor is quite imperative for portfolio diversification. My advisor is ''Helene Claire Johnson''. She is easily looked up and has extensive knowledge of the financial markets.
Found her webpage, I wrote her an email and scheduled a call. Hopefully she responds. Thank you.
The banking situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so far.
@@theresahv I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
It would be a very innovative suggestion to look out for Financial Advisors like “Julie Anne Hoover” who can help shape up your portfolio. Trying times are ahead, and good personal financial management will be very important to weather the storm
The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
Many overlook that banks are profit-driven businesses. I don't trust keeping a large sum in a bank, instead, I invest with guidance, enjoy the benefits, and save for retirement.
Well said . Personally ,i diversify my investments across various markets with the guidance of my financial advisor, Stacey Lee Decker. I’m happy about this decision . This routine has enabled me to achieve attractive good returns through high dividend-yield stocks, digital assets, ETFs, and bonds.
With high inflation, I want to invest my idle cash. Thanks for sharing her impressive resume that I found online!
@@Rodxmirixm You’re welcome. I’ve made over six figures passively with Stacey Lee Decker’s guidance in a strong financial community. Market crashes don't affect my returns.
Global financial markets have been significantly impacted by SVB's demise, prompting investors to sell off bank equities hastily and reevaluate their interest rate expectations. I am a $350k investor who is at a crossroads and wondering if it is wise to hold onto securities that are losing value. I want guidance on the best approaches to maximizing my returns in this negative market.
It is unlikely that the market will experience big gains anytime soon in light of the latest developments involving SVB, therefore it is prudent to set reasonable expectations and get ready for a potentially protracted recovery period. It is advised to postpone making big investment decisions until the economic climate in areas of concern has stabilized. It is best to take precautions and stay out of the current disturbance.
During market downturns, investors should remain committed to reputable companies by maintaining or growing their investments, as well-managed businesses eventually regain their former strength. To find the best entry and exit points for long-term gains from stock appreciation, get advice from a financial expert. Gains from working with an investing advisor can be substantial, as was demonstrated during the pandemic when a gain of $530k in just 8 months was realized.
@@PhilipDunk Could you kindly leave your investment advisor's contact information here? I absolutely must have one.
Vivian Carol Gioia, a well-known person in her field, is my advisor. I advise further investigating her credentials.
@@PhilipDunk I appreciate your advice. It was easy to locate your counsel; after pasting her full name into my browser, her website appeared right away. Before writing her, I did a lot of research on her. Her résumé suggests that she is knowledgeable.
Well the recent events with SVB make it unlikely for the market to make significant gains soon, so it's wise to manage expectations and prepare for a potentially long recovery period. It's recommended to avoid making significant investment decisions until the economic environment stabilizes in areas of concern. It's best to exercise caution and avoid engaging with the current turbulence.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
@@kenanporubsky2122 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@@angelicaaquino4109 My consultant is‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.
@@kenanporubsky2122 Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
The removal of the Glass-Steagall Act in the late 1990s, which contributed to the dramatic failure of large banks during the financial crisis of 2007-2008, was a very unwise decision. Dodd-Frank and this Act both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to fix the current issue, what happened with SVB is merely the beginning of what will occur.
People do downplay the importance of expert counselors up until they experience the consequences of their errors. I wanted to stay afloat between the COVID outbreak and my early 2020 layoff, so I started looking for license advisors. My previously stagnant $325K reserve has so far created significant returns from subsequent investments owing to expert leadership by my FA, who can be found online. I was fortunate to come across someone with her level of practical knowledge and years of experience, and she helped me.
We’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
My Financial Advisor is Dawn Maureen Humphrey. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
@@emiliabucks33 Right now, I'm literally hanging on by a straw, so your advice couldn't have come at a better time! I'll look her up on the internet and then give her a call.
She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007-2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.
Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.
@@danieljackson87 Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.
@@andrewlogan7737 My trustworthy advisor, Amanda Katherine Leff, works for a fee only. She actually offers free consultations and always has the interests of her clients at heart. She and I have been colleagues ever since I turned 40. She is a busy woman, but if you can catch her attention, she might be able to help.
Dodd-Frank was repealed? Sarbanes-Oxley didn't help even though it was onerous. What does regulation get you when the regulators are corrupt or incompetent like 2008?
I have serious concerns about the current state of the banks. A bank the size of SVB failing would cause me much greater concern. My acquaintance was negatively impacted by the bank run and now runs a rapidly expanding startup. My bank account has been emptied of more than $840,000. An implosion can have negative effects because the FDIC only offers protection up to $250,000. At this time, I desire to make stock market investments. Are there any suggestions from anyone on how I might move forward?
We are blind to the fact that banks are also commercial enterprises motivated by greed. One of the things that contributed to SVB's downfall was the banks' overleveraging of assets beginning in 2020. A significant sum of money has never made me feel secure. In other words, I make investments with the help of my financial advisor, enjoy the rewards, and then I spend the money.
Although the economy has so far held up, the SVB scenario serves as a warning that Fed rate hikes are still having an impact. At times like this, investors must be vigilant about the next inevitability. You don't have to act on every forecast, therefore I'll advise you to hire a financial counselor. This has been my fallback position for a while.
@@patrickperez7387 Could you please inform me how to use their service to get in touch with this particular coach? You seem to know everything, unlike the rest of us."
@@AustinReid09 Ruth Loralann Brennan, my reliable consultant, is a fee-only employee. In fact, she provides complimentary consultations and always keeps her clients' best interests in mind. Ever since I reached 40, we have worked together. She is really busy, but if you can get her attention, she might be able to assist.
@@patrickperez7387 Simply by pasting Ruth's full name into my browser, her website immediately displayed. You've spared me from doing a lot of tedious research, so thank you
The stock market is a complex system that is influenced by a variety of factors, including economic indicators, political events, and global trends. The relationship between policies and the stock market can be complex and multifaceted, and it can take time for the full effects of policies to be reflected in market trends. Therefore, it is possible that policies implemented in the past may have a "lagged effect" on the stock market, as their full impact may not be felt until later on.
you're absolutely right, the stock market is a dynamic and constantly changing environment that can be influenced by a wide range of factors, including government policies.
I’ve been down a ton, I’m only holding on so I can recoup,
BS! It's nothing more than sophisticated language clouded in speculation mostly....assets & values and action for pleasure & purpose are out of that realm of BS"
So, correct me if I’m wrong. If Buffett is selling all this stock, someone has to be buying correct? If so, WHO is biying?
And who is the Federal Reserve Bank?
It is indeed human nature, but it makes me a little sad to see him so old and having difficulty expressing his thoughts and speaking in an orderly manner. I wish him long life and good health.
Yes. He is definitely fading!
🥺🥺🥺
What do you want? The man is 92 y.o. Many die when they reach 70 y.o.
It is because he couldn't say what he wanted to say.
None of us live forever that’s why important to teach the young 😊
A Bank crash/crash in the stock or real estate markets has less of an immediate impact on people's standard of living than inflation or currency devaluation. That the market is so negative at the moment shouldn't be shocking. If we are to survive in this economy, we need assistance right away. The ETF and stock markets are still quite volatile, just like the property market. Now all that's left of my $370K portfolio is ruins.
Many people are still getting fantastic returns on their investments during this time. Simply maintain a strong sense of reality or ask for professional assistance.
The effects of the U.S. dollar's increase or fall on investments, in my opinion, are complex, but it has never been simpler to learn how to build your money than it is right now, when you may discover and experience a genuinely broad market passively by working with a successful Financial Consultant. Under her tutelage, I diversified my $400K portfolio across multiple markets and have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
*@sofiakhalida8106* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ‘’Camille Alicia Garcia” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals.
I've taken the initiative to research Camille Alicia Garcia online and verify her credentials. I'm impressed with her expertise, and I've reached out to her to share my financial market goals in detail.
The negative impact of SVB and SI debacles has been reflected in the regional bank ETF (KRE) which has witnessed a decline of over 20%. This event has triggered contagion effects, dragging the entire market nd economy lower. However, historically speaking, a localized and narrow contagion of this nature presents an opportune time to invest in strong, financially stable companies with substantial cash reserves on their balance sheets.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
I agree, that's the more reason I prefer my day to day invt decisions being guided by a init-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 init-coach for over 2years+ and I've netted over 2.8million.
My licensed coach, Eleanor Annette Eckhaus is a highly experienced and knowledgeable specialist in the financial market. She possesses exceptional expertise in portfolio diversification, and is widely acknowledged as an authoritative figure in her industry.
Researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
There is no contagion they are putting fear in peoples heads. Contagion would mean multiple banks would fail. We are talking about double triple digits. This is one bank I don’t count crypto banks as anything. They are going to fail because there is no funding crypto the way it moves.
Svb bank is the only bank that has failed in the USA. Signature bank wasn’t big at all. First republic needs to drown. There is an average of 2 banks a yr that fails so I’m not sure why this is a big deal. Banks failed during the trump administration and banks will fail during bidens administration
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.
Wow, that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Warren Buffett is the best in this business.
My primary concern is how to grow my reserve of $300k which has been sitting duck since forever with zero to no gains, sure I know the risks of short term gains are much greater but if well managed one'd make a killing, am I wrong?
These strategies are quite rigorous for the regular-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.
I’ve been on both end of the spectrum, I was lnvesting on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfoIio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.
@@hushbash2989 the investment-advisor that guides me is Eleanor Annette Eckhaus, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her
Access to good information is what we investors need to progress financially and generally in life. here's a good one and I am grateful. Found her website and it was really impressive
Why not at least put it in Savings accounts. Several are offering 4.5% or more.?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategie;s ... I would greatly appreciate any suggestions
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
@@Aziz__0 When it comes to investing in stocks, one of the biggest mistakes investors can make is throw in the towel right when we hit a bear market bottom and the indexes find support and start to surge. I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know.
@Margaret I happen to know NICOLE DESIREE SIMON. She has been my fin coach since 2018, no major losses has been recorded. Totally recommend her too.
@@Aziz__0 Investors should be more cautious about RUclips comment threads spamming financial advisors, such as this exact one. In the spirit of a great book Warren Buffet once recommended from ~1940, these financial advisors are invariably stupid crazy rich... but where are their customers' yachts?
I know good entry strategies, however I need to learn good exit strategies. Greed is harder to overcome than fear.
The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $401k worth of stocks?
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media
please how can i find the lady you mentioned'?
My advisor is ‘’CHRISTINE BLAKE MCKALE, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
You should try to be more subtle in your guerilla marketing tactics
Berkshire dumping US Bancorps and other in Q4 22 right before the banking crisis was perfect timing. Shows that they are on top of their game, as usual
"In" the loop
Maybe the ALWAYS knew it will all come crown byline 👇 down....
Didnt drop that 9% stake in bac because he didn’t want to 🤔. Questioning this move. Btw Im a fan of Buffet
before the baking crisis? huh
the crisis have been existant for years.
@@ericsolorio1431 interesting.....
Reminds me of the airlines industry a few decades ago when some companies believed that having a mojor crash every 8-10 years is a "cost of doing business". However, they realized that reputation risk/recovery does far more long-term damage, I think major banks have not yet realized that, i.e. they still think they are too big to fail.
The only reason he didn't sell his last bank stock was because he likes the CEO. Translation: Don't own any banks right now.
*........no.*
Bank Of America, JP Morgan Chase & numerous others are very well run bank-s. .............. *Period.*
Regards-
@@MarkJensen-se8nn Warren says the system isn't set up for investors to make money from them...........Period.
Regards-
SpaceTravel1776
@@SpaceTravel1776
*.....no.*
Translation:
Strict or harsh punitive measures *are not* firmly in place to thwart various bad behavior patterns in corporate banking boardrooms. "e.g. unwarranted/damaging high risk appetites" for egregious yield. *.................Period.*
Regards-
@@SpaceTravel1776
Without the harsh punitive "prosecutorial" measures which were steadfast prior to 1993, keeping people honest will be porous. Full fiduciary leadership & responsibility needs to be practiced @ all times.
The short sellers out there will fire first before asking question-s later. e.g. First Republic was mercilessly driven down by SS's.
Regards-
What about nu Bank?
I want to point out that Buffet sold US Bank stocks and is currently selling bonds in JPY. He finally understands negative interest rates. Welcome to the club 😮
for his age he is remarkably sharp.
Bank of America will be the only bank bailed out.
They are consolidating all the small banks and letting the big banks eat up everything. It'll be more easier to control and roll out the new digital system.
Warren looks his age. I've never seen him have this much trouble articulating his thoughts.
Yes. He looks considerably older. I thought the same thing. Hope he is around for as long as possible.
He seems like he's loosing his comprehension skills as age catches up with him
No doubt. Still better than Biden, who looks like a talking monkey.
I haven’t seen him in a while and I am shocked at how bad he looks. He also seems to have trouble formulating his thoughts into sentences.
Grandpa needs a shot.
He likes the people😊 nice one. There is a reason as BOA is one of the big banks that is well positioned for the economic global reset that is happening swiftly.
“Why don’t we do a couple of these and see how they go? Can’t bankrupt the whole bank,” Herbert said to the firm’s president, according to an account of the conversation on First Republic’s website.
Years later, after Herbert left San Francisco Bancorp and founded First Republic, his new bank became known for handing out interest-only mortgages at rock-bottom rates to borrowers with high incomes and exceptional credit scores. Typically, they didn’t have to start repaying the principal for a decade.
Demand for the loans surged during the pandemic as wealthy buyers sought mortgage deals that would allow them to keep the bulk of their money in higher return investments. The rush helped First Republic double its assets in four years. It also contributed to its collapse.
The title is wrong. Buffett still has substantial investment in Ally and C in addition to Bank of America shares.
I wouldn't call his investment in Citigroup or Ally substantial. His substantial one is in Bank of America.
@@inertiaforce7846 - And we know that BOA is too big to fail.
It is not the bank it is the people is the problem of ethical human resources is the problem
💯
Becky Quick makes me think hard landing.
lol.
insider trading example at its finest
Or you are dumb enough to not know the things that have become so obvious. You don't need to be insider for that.
Uncle Warren knows what's up. These are dangerous times we are heading.
Yea he is jumping ship. Biden is the captain now and we are about to be ship wrecked lol
This man is old school smart...listen to him...banks arent banks anymore...its a temporary place before corporations take it and living expenses and groceries stores..this is crazy.
This is your banking system you love Mr. Buffet. Why are you selling now?
buffett is the best at pretending to sound stupid and old whenever he doesn't want to give his real answer lmfao
Becky is my television crush
Who said banks always make money in the long run a week ago ???😮
The best part about this interview is when Warren said I like buying mine enormously and I just don't want to sale it ,, then smacked his foot on the floor,, 🔥🔥🔥
What about Nu Bank?
he has some choice words
and
is doing his best to hold back those CHOICE words.
Don't worry he will buy bank stocks next quarter lol
Almost guaranteed.
clip date?
Cleverly tried to avoid answering why he keeps BOA
lost a bet.
I’ve never seen him fumbling so much. That says something. He doesn’t want to say, but he knows banks are in danger and not worth the risk….
He doesn't sound terribly bullish on bank of america even though he owns so much stock, they have a big portfolio of long dated t bills
JPvMorgan may have created the crisis to buy assets at pennies on the dollar.
Damn.... i JUST bought US Bancorp and PNC too 🏦
Demand of cause vat cost in discount why?
Sound track is very poor. Could stay with it.
Ship is sinking. America is so lost.
Since there is apparently not minimum on the amount of deposits the FDIC will reimburse, as was the case with SVB, let’s make sure the banks bare the cost of all of this reimbursement going forward as opposed to just the $250k stated.
It's nice being so rich, that you can get a phone call to sell, while you watch your country burn.
Coming in HARD📉
I don’t wanna sell it 😂 point blank
Isn't this kind of a conflict of interest when Buffet has so much investment in banks but also constantly trashes crypto?
why is there a conflict of interest?
He's invested in crypto just so you know.
This is the most bs I’ve ever heard him talk not honest clearly
This lady is a HORRIBLE Interviewer. She is not meant to be at this position. She needs to change her career.
No punishment. How do you expect people to do right?
Warren Buffett saying he likes the people? LOL More like he likes the money and the profits it makes him.
Why PAN cards are necessary for bank deposits or accounts. Banks should not demand. PAN card is used only by a company for any employment purpose or global wages calculations.
Delovement price department in discount save capital.
I can barely hear what this old dude is saying.....
I want to hear about the Franklin Scandal
Long product price in discount sale.
Say “I think banking is a broken model” without saying “banking is a broken model”
Bank of America stock is worth the same now as it was in 1996 (27 years ago). What a terrible investment!
Max was here
BoA have exposure to Bitcoin through its Microstrategy shares.... therefore WB also have indirect expoure to Bitcoin :)
I used to think BOA was the federal reserve bank
Here we are 2 weeks later and First Republic Bank…
Chamath warned in 2021 that antiquated banking was due for massive disruption. And if you had them dump em. Shortly after I liquidated my entire banking position thank goodness.
He knows something but can't say. This is how the rich people keep information from the world 🤫
Supply ored vat organe price demand finance green vat or discount sale.
Tell me: who is the Federal Reserve Bank?
Is he wanting the banks' stocks' price to go down so he can buy them again?
I mean, he kept BAC because he has a special place in his heart for the CEO?
Excuse me? I just don't get it.
Something really doesn't add up. He doesn't like crypto, he never talks about gold and silver, and now he sold his banks' stocks.
Well, I got myself into KBWB and will continue to add monthly. I'll try it for a year. Then I will decide if it works or not. Life's a risk.
his cost basis on bac is next to nothing and therefore the taxes are material if he sells.
Re: Excuse me? I just don't get it.
Read my earlier *response posts* .
Regards -
*Re: Something really doesn't add up.*
Warren is not interested in the following financial/hard asset-s:
1.) Bitcoin (Reason: has no meaningful intrinsic value or sense/ platform based on fraud & a counter productive asset )
2.) Precious Metal-s (Gold & Silver) Reason: Not interested in a trading "hedge"
Regards-
*KB__B will be fine* . It's a fund not an individual issue. The banking sector simply lacks that upward "dramatic" growth momentum as with technology. However, the *compounded dividends* do add up in the long run.
Regards-
@@MarkJensen-se8nn tell that to the ppl that bought the tech top and is at -80% loss
Xavier 🥺
so he sold Citi too?
Who is the beautiful girl with nice legs ? Does CNBC purposely put her there so that Uncle Warren stuttered in the beginning of the video ?? 🤔😉🙃😎
Gamerica is my bank now with GameStop 👍
Nobody does any loans without a Bank unless you have a cousin like Pablo 😅
American bank , maybe they do not like Yankee 2 much...😂
RETIRE and leave mobile parks alone.
Why does he own BAC? He took advantage during the GFC and stole it.
He's nervous ive never seen him talk like this
Who is control the American economy, 😮😮 bank crisis and financial services,
Warren buffet is smart lol
If he can not trust bank, who else can
Banks are failing to online Banking.
Couldn't stay with it.
Play along with me, if the stock market crashes. The dollar goes digital. The take all the peoples money from the banks what will be the average credit score for the people ? 1.2?
Over 9000
Buffett's hatred of bitcoin has aged him a lot in the last two months. Guys like Buffett and Munger have this attitude of you either do it our way or you don't make money at all. They want people to only make money through them, their Wall Street and banking friends and the 1 percenters.
And he doesn't fully understand the meaning of intrinsic value. If having self-custody of your money and assets, as crypto allows, and being an inflation hedge, is not intrinsic value then I don't know what is. You don't need to feel a piece of thing for it to have intrinsic value. For example, a piece of computer code can have far more value to society than a plot of agricultural land.
Fiat is destroying lives in Argentina as we speak. Bitcoin is saving lives in Argentina as we speak.
Buffett is invested into cryptocurrencies just so you know. Why would he tell you the truth on mainstream media? He's there to play the Hegelian dialect.
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As rich as he is he should invest in longevity during his time as health is important . Things have changed since pandemic hit ! That is one thing all these older politicians needs to get in their heads that peoples and business are suffering ! If ur not going to help them then there won’t be any money coming in to feed you politicians clowns 🤡
Maybe it will be like the anamated cartoon. Put the people on the green space of toxic chemical spills
Selling!
Demand follow vat in forex.
Is he using artificial breather or lungs? I can see oxygen escaping, every time he speaks
Rate crash in forex price buy free aval.
never believe what this dude comes out with he does insider trading
Rate finance vat sale auto rate spill crash.
translation everything is going crypto
Orange borrow vat in crash or supply zero.