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Warren Buffett is the CEO of Berkshire Hathaway and one of the most highly respected value investors in the world. In a recent interview on CNBC, Buffett shared his concerns about the potential recession that the economy could be facing. Thankfully for us, Warren Buffett has shared advice on how you can used a recession to get rich.
If you are worried about the economy right now, you are in pretty good company. According to a study done by CNBC, a whopping 81% of Americans are worried that a recession will be hitting the US this year. You can add billionaire investor Warren Buffett to the list of people that are worried about what is happening in the economy. You see, as CEO of conglomerate Berkshire Hathaway, Buffett has up to the minute insights into the current health of the economy that is unmatched by anyone else. Berkshire owns over 65 different subsidiaries in industries ranging from fast food to building materials to even an entire railroad network. Each week, Buffett gets to see how these companies are doing. Whether sales are growing or shrinking. Whether companies are moving more or less goods on his railroad. If people are still going out to eat at his restaurant Dairy Queen. With all this economic insight, it got my attention when Buffett said in a recent interview that without a doubt the economy is slowing down dramatically.
However, there is one big difference between how Buffett and the average person views recessions. The average person views recessions as a threat. Buffett, on the other hand, views them as an opportunity. This dynamic is why this video is so important. After you have watched this video all the way through, you will walk away with tangible principles from Buffett. These principles will not only help you survive the economic storm that’s coming, but instead thrive and build wealth for yourself and your family. There are 3 principles from Buffett that you can start applying TODAY that will help you build wealth regardless of what is happening in the economy….(read more)
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Warren Buffett: How to Make Money During the 2023 Recession
Warren Buffett, often referred to as the “Oracle of Omaha,” is one of the most successful and well-respected investors in the world. With a net worth of over $100 billion, Buffett has an uncanny ability to navigate through market downturns and emerge even stronger.
As the world braces for a potential recession in 2023, many investors are turning to Buffett for advice on how to protect and grow their wealth during challenging economic times. Here are a few key insights from the legendary investor on how to make money during a recession:
1. Invest for the Long Term: Buffett is a firm believer in the power of long-term investing. He famously said, “Our favorite holding period is forever.” During a recession, it’s easy to get caught up in the panic and make impulsive decisions. However, Buffett advocates for staying the course and focusing on the long-term potential of your investments.
2. Look for Value: Buffett is known for his value investing approach, which involves identifying undervalued stocks with strong long-term prospects. When the market is in turmoil, there are often opportunities to buy high-quality companies at discounted prices. Buffett famously said, “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
3. Quality Over Quantity: Buffett is selective about the investments he makes, focusing on companies with strong fundamentals, competitive advantages, and a proven track record of success. During a recession, it’s more important than ever to invest in companies with solid financials and a resilient business model.
4. Keep Cash on Hand: Buffett is known for his conservative approach to cash management. He believes in keeping a significant amount of cash on hand to take advantage of opportunities when they arise. In a recession, having cash reserves can provide a valuable safety net and allow you to capitalize on attractive investment prospects.
5. Stay Calm and Rational: Perhaps the most important lesson from Buffett is to remain calm and rational during market downturns. Emotions can drive investors to make irrational decisions, such as selling at the bottom or chasing high-risk investments. Buffett advises staying disciplined and avoiding knee-jerk reactions.
Overall, Warren Buffett’s timeless wisdom and investment philosophy provide valuable guidance for navigating through a recession. By staying focused on the long-term, seeking value, and maintaining a rational approach, investors can position themselves to not only protect their wealth but also capitalize on opportunities that arise during challenging economic times.
As the 2023 recession looms, taking a page from Buffett’s playbook could prove to be a prudent strategy for making money in uncertain times.
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he aint freakin worried stop it. the guy been mega rich for decades……listen to yourself
Why worry about what you can’t control?
T r u m p 2 0 2 4
One of the best videos I have ever watched – nice job
Warren is absolutely right on the first point. During Covid when the market for Oil stocks crashed, bought a pipeline at about 80% off. Now that oil is back up, the price is about 5 times what I paid for it just over 3 years ago. Due to the low purchase price, when the dividends came back, the yield on cost is 41.5%. Not all stocks did as well.
In the current market slowdown, buying shipping stocks while demand for shipping is down., rates and volume are down, so the stock prices are way down. I'm screwed if the economy never recovers, but when it does recover, those stocks should do very well.
On the 2nd point, I strongly disagree. The stock market has bubbles. If a stock I own goes into a bubble, I put it on a stop loss sale, so when the bubble starts to correct, it is sold. Example, sold out of tech stock in January 2020 when the tech bubble popped. My holdings in a tech company all sold for over double the price the following 2 years. I could have bought it back for under 1/2 price, but instead bought the oil stock that was even further on sale for a 5 times gain. That tech stock I sold is about 2/3rds of the price it sold for today. Watch for bubbles and sell high.
What recession
Can I directly invest in Berkshire Hathaway? How?
Some people not experienced humans
Even buffet does not use the word "incredible" correctly.
Damn we need to shift shit to gold
The recession that never comes
My portfolio has good companies, however it has been stalling this year. I've approximately $700k stagnant in my reserve that needs growth.
Great explanation of stock investing
Congress asks Kamal D. Harris to report on covid casualties.
Where did the virus come from?
How many Americans died?
How much did pharmaceutical companies earn from the epidemic?
Why was this information hidden?
How many homosexuals have been affected by the covid virus ?
There is secret information from Ukraine from the political leader of the Rukh party that 19 million Americans died from the covid virus in the United States, and this figure continues to grow.
Kamala D. Harris can you refute this information?
Why are you silent ? Are you hiding something?
How can people make money depends on the bank security ..
There's nothing worst than u make money and the homosexual notorious hackers are MUCH MORE PROTECTED THAN THE CONSUMERS…
DO NOTHING OWN NOTHING BUSINESS
OF AGENTS …
CIA NSA INTELLIGENCE.
Are you attending the shareholder’s meeting this weekend?
I have a question if someone can answer. I was looking at Amazon, and the PE ratio was around 80 recently, and right now it shows its 250. I don’t remember anything significant happening with the stock and thats a huge change in numbers . Can some please explain why ? Thank you
If you look at every recession in US history. You'll notice that After every recession the billionaires become richer and the working class become poorer. A big reason for this is that the billionaires are for the most part unaffected by recessions due to the majority of their capital being liquid capital and property. When the recession actually hits they can splurge and buy up property or anything thst typically has insane amounts of value for pennies. While the working class are just trying to make it to the next day. The 1% strive to cause a recession cause its when they can take advantage of a broken economy that they created to grab even more wealth and power.
Why is buffet worried??? He's one of the billionaires pulling the strings causing the recession. He acts like a innocent old man but him and his other billionaire friends are trying to cause our demise. We can all be great investors if we have inside info and we are the ones making the rules.