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The 2023 Berkshire Hathaway annual shareholder meeting was in my view one of the best yet, as both Warren Buffett and Charlie Munger actively answered a huge variety of topics from Artificial intelligence, to geopolitical tensions between China and the US,
And also provided a great deal of investing insights to help the average person become a better investor.
The first big topic of the day was artificial intelligence and it’s impact as it grows exponentially over the coming years
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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video….(read more)
BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Warren Buffett, the legendary investor and billionaire, is known for his keen insight and wise investing advice. With the recent economic downturn and the looming threat of a recession in 2023, his guidance becomes especially relevant. Buffett’s principles have stood the test of time, and they can serve as a roadmap for investors navigating through uncertain times.
One of Buffett’s most notable pieces of advice is to “be fearful when others are greedy and greedy only when others are fearful.” During times of economic turmoil, it is easy to panic and make hasty investment decisions. However, Buffett cautions against this behavior, urging investors to keep a level head and remain rational. The smart investor looks for opportunities when everyone else is running scared.
Buffett emphasizes the importance of long-term thinking and holding onto investments for extended periods. In the face of a recession, he advises investors to focus on the fundamentals of the businesses they are investing in, rather than fixating on short-term market fluctuations. Buffett once famously said, “Our favorite holding period is forever.” This approach of looking beyond temporary setbacks is valuable during a recession when there may be short-term volatility but long-term potential for growth.
Another key principle Buffett espouses is the importance of being patient. He recommends waiting for the right opportunity rather than jumping into investments impulsively. When the economy is in a downturn, prices of stocks and other assets may plummet, tempting some investors to rush in and chase quick gains. However, Buffett’s approach is to wait patiently for the right moment, when stocks are undervalued and offer a margin of safety.
Buffett’s emphasis on value investing, buying quality assets at a reasonable price, is particularly relevant during a recession. As the economic landscape changes, some companies may face severe challenges, while others may seize opportunities to grow. Buffett suggests identifying companies with strong competitive advantages, solid financials, and a proven track record of success. While it may be tempting to invest in high-risk, high-reward ventures during a downturn, Buffett advises against it, emphasizing the importance of investing in companies with a durable and sustainable business model.
Furthermore, Buffett cautions against trying to time the market and make predictions about when the recession will end. Instead, he advises investors to focus on the underlying value of the investments they are considering. By focusing on the quality of the businesses and their long-term potential, rather than short-term market timing, investors can position themselves for success.
Lastly, Buffett stresses the importance of diversification. This principle involves spreading investments across a range of industries and asset classes, rather than concentrating all investments in a single sector. Diversification helps protect against severe losses in one area, mitigating risk and providing a buffer during a recession.
In conclusion, Warren Buffett’s investing advice for the upcoming 2023 recession can guide investors towards smarter, more calculated decisions. By being patient, focusing on long-term value, remaining rational amidst fear, and concentrating on quality and diversification, investors can navigate through the uncertain times with greater confidence. While it is impossible to predict the future with certainty, following Buffett’s timeless wisdom can help investors weather the storm and position themselves for long-term success.
Hi Hammish what happened to the pure investing videos where you look at particular stocks and or talk about investing principles
Now I know Buffett & Munger doesn't gives a Poo.. about human levies!
Freedom, Free speech or cares for USA.
And that why people Hates Wall Street 1%?
All companies want go out businesses must debate from capital to make safe arrangements so the workers do not lost huge monies from saving from executive of the company as well as the cheap holding share huge volume holders
Void the bankruptcy and also void merging while our industries still oversea for peace
And buy corporate bond or government bond
The stock market no one should would withdraw big and small transaction together more than 40% from current market cap To void the recession
We will allow the stock to hold to earn 8% per years if they buy and sale they can not trade stock above 30 dollars for buy and sale
The Buffet supports the demonrats to destroy this country. Look at all big corp leaving Chicago, San Francisco, etc..
Please don't call Omaha a 'Town'.
That city can nuke the world several times over.
It's also a lot of fun.
❤❤
According to some experts, the United States and other regions of Europe may have a recession in 2023. Because China and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per capita GDP, is more uncommon. Fundamentally, if economic growth lags behind population growth, the global economy is said to be in a recession.
Thanks guys. I really appreciate what you guys are doing.
EV and AI Combination…* FFIE… Up 61 % Week. Faraday Future.. with New $ 100 million in New Funding Announced Tues. Customer Deliveries Planned to start in May of FF 91 Futurist Alliance SUV EV…* LILM… Up 104 % Week. Lilium Electric Jet. * GSMG… Up 30 % Mth.. Glory Star New Media– E-Commerce/ Social Networking / Gaming / Metaverse, more. * ERYP.. Up 17 % Tues. Erytech Pharma. Merger Planned in June. Thumbs Up Video / Thanks.
Buffett and Munger's geopolitical concerns aren't fully fleshed out. They say they're more comfortable with the location of a Japanese company than TSMC in Taiwan, presumably due to looming threat of China invading Taiwan. Well, if China makes a move on Taiwan, Japan is absolutely getting involved, they're on the front lines. They admit Apple is a significant chunk of their portfolio, well if China invades Taiwan and we sanction China to hell and back, where does Apple produce all of their hardware? In China. They're increasingly ramping up manufacturing in other regions like India but that takes time. So if his chief concern about TSMC is China's hawkishness, why not apply those concerns to his other securities?
this guy is dumb! he got fat too! if you open your mouth and snitch on yourself you will go to jail! if your friend keeps his mouth shut and doesn’t talk to the cops he will be set free! we are implying the cops have no evidence except two people in custody for suspicion of committing a crime!
WB got caught with his pants down. (JE)
WRONG ! example with Nukes is bad! Imagine playn` a game and you are loosing , now you have the cheat codes ! will you use it when you have nothing to lose ???
Congrats! Great content!
as for nuclear weapons "the only times they were used against another state."
Great meeting you and Brandon in Omaha this weekend. Looking forward to watching more of your videos from the meeting.