Warren Buffett, CEO of Berkshire Hathaway, has spoken out on the 2023 economic crisis and the collapse of Silicon Valley Bank. So what does the world’s best value investor have to say on the recession, the U.S. banking collapse and the bank stocks right now?
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★ ★ CONTENTS ★ ★
0:00 Buffett’s Trip to Japan
1:00 Buffett Explains the Bank Crisis
2:00 How the Banks Hid Their Losses
4:00 Warren Buffett’s Integrity as CEO
4:45 Why Buffett Sold his Bank Stocks
7:38 Will Americans Lose their Savings?
9:40 Moral Hazard
11:35 CEOs Profiting from Financial Crises
12:45 Are the Bank Stocks Cheap?
14:30 Buffett’s Key Points
DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.
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Warren Buffett is one of the most successful investors of all time. His sage advice is often sought by investors, politicians, and other influential figures. Buffett has been in the game for more than half a century, and he has weathered many economic storms. His advice is always sound, and he has some great tips for navigating the 2023 recession.
Buffett’s first piece of advice is to stay calm. He has advised investors to keep their heads when the markets are volatile. He has said that the stock market is like an emotional rollercoaster and that investors should avoid getting caught up in the hype. In the 2023 recession, this advice is more important than ever. The markets will undoubtedly be volatile, and investors will be looking for stability. Buffett advises staying calm and taking a long-term view.
Buffett’s second piece of advice is to stick to the fundamentals. He has always believed that fundamentals are the key to investing success. This means understanding the company’s financials, its management, and its position in the market. In the 2023 recession, the fundamentals will be more important than ever. Companies that can weather the storm and come out on top will be the ones that have strong fundamentals.
Buffett’s third piece of advice is to be patient. He has often said that patience is a virtue. The 2023 recession will be a test of patience for investors. Buffett advises against making knee-jerk reactions to market movements. Instead, he advises investors to take a long-term view and be patient.
Buffett’s fourth piece of advice is to be ready to take advantage of opportunities. He has always been a value investor, and he believes that the best opportunities arise when the markets are down. In the 2023 recession, there will undoubtedly be opportunities for savvy investors. Buffett advises keeping an eye out for undervalued companies or assets that could be ripe for a rebound.
Finally, Buffett advises investors to have a margin of safety. He has always believed in investing in companies that have a significant margin of safety. This means investing in companies that have a strong financial position and can weather economic storms. In the 2023 recession, having a margin of safety will be critical.
In conclusion, Warren Buffett’s advice for the 2023 economic recession is straightforward and practical. Stay calm, stick to the fundamentals, be patient, be ready to take advantage of opportunities, and have a margin of safety. Investors who follow this advice will be well-positioned to weather the storm and emerge on the other side with their portfolios intact.
A financial professional you work with could really prepare you for life. I'm glad I was able to get in touch with my coach Jackson Sten Marsh earlier this year because I was actively cashing out from my portfolio and finally earned over 370k just in the first quarter while everyone else was complaining about the downturn. Jackson Sten Marsh. has assisted us in paying off our debt and saving for retirement.
He's yoda
Clickbait title. Video had NO advice from Buffett regarding 2023 Economic Recession.
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 $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market
Never trust banks
Heres a guy that makes $$$$$ on sugar water that contributes to giving people diabetes. Real human being. A real role model.
With the way the market is moving, we'll mostly hold for longer than 2025 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making up to 250K within few months and I'd like to know how.
You can tell by the way Becky Quick asks Warren or Charlie questions that she has tremendous respect and admiration from their wisdom. She's the perfect interviewer for these icons. Good job Ms Quick!
Wouldn't it be funny if he married a hot young stripper and left her everything.
Everyone's preaching doom, without any key data-trajectory on how to maneuver, it's obvious stocks are unstable but folks are still pulling off huge 6 figure profits from this same market y'all are warning us about, videos on such strategies to maneuver will really be helpful, thank you.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Korea je naj bespečnejšia zem na svete ne prijma z USA choroby
Does anyone have the link to Warren’s interview with Becky Quick? I have been looking for the full interview but only seem to find snippets on Youtube
All deposits maybe safe nominally but the real-value won't be safe. If you have 1 kilogram of $100 banknotes, you will still receive 1 kg of paper with printed on it $100.
My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.
Interest rate is currently at 4.75%(8th rate hike since March last year) Inflation at 7% and mortgage rates is at over 7.5% but yet minimum wage remains the same and my retirement portfolio has suffered tremendously these past years, so my question is how do senior citizens retire and live off such unstable economy. The long term game is obviously not for me at this point.
The central bank in 2008 : “There is no reason to panic. The real estate market is strong.”
Buffet sells his bank stocks and ask us not to panic. Amazing.
"the deposits of the American people are safe"
while a Google search will reveal that 50% of those same Americans don't have a hundred dollars cash to their name. So exactly how do banks make money again? For fractional reserve u still need a fraction of some sort…
Fu Ga Zi
I wish he was my grandpa
I bet Buffett is trying to move to Japan.
Do you also make Pokemon Unite Climbing Guide?
Wish I had more money to buy more MYSTICFLIP !
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Thank you for the update MYSTICFLIP is done right, and waiting is part of the process,
I bought 2500 MYSTICFLIP tokens, too. It will be great profit when it is listed for $2
BRO WHY ARE YOU NOT TALKING ABOUT MYSTICFLIP
It is a good time to invest in MYSTICFLIP Great potential
I’d rather buy MYSTICFLIP , atom, polka and polygon!
Any thoughts on MYSTICFLIP it's the best thing since slice bread.
I am a longtime user of your investment software program. It is a very useful bit of software, and saves me tons of time at tax time each year. Thanks for the great support over the years, keep this good thing going, MYSTICFLIP is amazing hands down the best.
Thank you for being there MYSTICFLIP when I wanted you to….. I was lost in this new world that I was hassled to start with ….you not only guided me along the way but you also showed me the proper way….whatever little I have been able to achieve in life is because of you today ….. I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life….once again , I would like to tell you a heartfelt thanks for being there.
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join MYSTICFLIP
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said…I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss MYSTICFLIP
I’ve been with MYSTICFLIP for more than five years and it’s one of the best decisions I’ve made in terms of investing. I use my self-directed IRA with Preferred Trust Company. I work with my Investment Representative from Ignite Funding who is very professional and knowledgeable as well as the other employees in other departments. I get answers to my questions right away. I have more than 20 loans at the moment and interests are paid in a timely manner. I’m grateful to have them.
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have… The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by MYSTICFLIP
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but MYSTICFLIP info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 732 and I’m still going up with MYSTICFLIP . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.
Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. MYSTICFLIP made it stay at that range and getting it up
I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well…lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with MYSTICFLIP , Love the knowledge keep it up
Interesting consideration, have to consider digital land probably won't function like physical land obviously but I see application. The issue right now is no one can foresee where this space is heading. Metaverse is an obvious choice in purchasing land as it's backed by FB but when I bought my VR headset a lot of people didn't want to have any association with FB like having to create an account to access their VR profile. I think if fears of future pandemics persist people will be more willing to stay home and interact on VR for shopping and social events, not to mention viewing events in other countries without the costs of flying, etc. There's a lot of potential and opportunity to integrate with cryptocurrency when you deal with the right source like MYSTICFLIP but there's probably a long way until a platform exists for it.
I started to look into NFTs to build more my knowledge. Your video was simple and very enjoyable to watch so thank you for publishing this content. I personally think this revolutionary way of buying /selling art or actually anything that can be classified as a virtual asset will need to be watched very closely. The sector is still widely unregulated and those activities can conceal massive risks of money laundering and financial crime at many levels. There was no case of money laundering or any suspicious activities when I made the decision to join MYSTICFLIP
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said…I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss MYSTICFLIP