Yahoo Finance’s Editor-in-Chief Andy Serwer, Jen Rogers and Rick Newman discuss the 2020 Berkshire Hathaway Annual Shareholder’s Meeting and Warren Buffett’s commentary on the airlines and investing.
#WarrenBuffett #airlinestock #Buffettinvesting
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If someone told you you had a couple years left..would you aggressively invest, take risks, or sell and start hoarding cash?
MTB4miSoul Berkshire Hathaway doesn’t have an expiration date.
All of his shares is going to charity, so if it doubles or triples, it all goes to charity. The man is working because he loves it, money doesn’t matter much at this point. All for charity.
Average Millennial Investor lives in an old house driving in an old car in Omaha Nebraska. He did so much for the economy simply by buying good businesses.
He is not investing so that he could retire with as much cash as possible….
He is unsure about the future of the economy. We are on the brink of another Great Depression. It’s a coin flip. We will eventually recover but it’s not all wine glasses and roses. He cant be too optimistic, nor pronounce gloom and doom.
“no half measures Walter”
“It’s only when the tide goes out that you discover who’s been swimming naked.” warren buffet
“it is only when the tree becomes a fish is that U see that one is all.” Rojer Baffetti – 1257AD, Founded religion for ethnic Ethiopians
Buffet groupies in the house
can you dissect the meaning of this quote?
Who has too much debt and isn’t going to survive
Chinese distroyed global airlines that’s why. Who is flying now?
Koort Wallien just gates
Buffett’s talk about slavery and women’s right in his annual meeting was totally irrelevant.
Buffett needs to step aside
He knows the end is near and trying to hedge himself like he has done his whole life…
happy larry , yah Larry, step away from your money…
Women’s rights, give me a brake, he’s been around Bill Gates too much.
@ibberman has just trying to cover all bases…. we might be in for a real revolution…… people with the least to lose can be the most dangerous…..
I also wondered why Buffet decided to include (laudatory) comments about our country’s moral progress in his prepared talk. And he seemed to erode his praises when he decried there had only been a few women Supreme Court justices in the 90 years since suffrage was enacted. It came off as a sop to affirmative action. I agree that his age is showing.
@Steph Thompson I imagine that Buffett is pulling the strings. The man behind Gates.
In layman terms Buffett doesn’t think the airlines will exist in the future and if they do survive till 2022 then he will buy them at rock bottom prices and enjoy their rocket to the Moon until 2038 which will be another bad year. Buffet should have invested in 3D Printing. Hahaha.
So what do we do, get a row boat? Grow wings? Buffet is now a has-been.
ibberman teleportation capsules
“Companies can’t get away with stockpiling cash”. But they can get away with bailouts?
No..not “bailouts”…they are LOANS with interest. For example : In 2008/09 when the Govt “bailed out” the banks with the Troubled Asset Relief Program (better known as TARP). The feds allocated $700 billion to go towards bolstering the banks capital so depositors could get cash out if they needed it but the banks didn’t take the entire amount..they took significantly less at about $400 billion…and when it was all said and done the banks paid back the loans WITH interest and the taxpayers actually made about $200 billion in profit from those TARP loans..true story.. but tragically the average taxpayer never hears that part.
Mike Kotowski False. Firstly, there was insane fraud going on with TARP. Secondly, not all companies paid back those loans and that is a fact. In the end billions of dollars were essentially written off as a loss. If you want to nit pick industries that did turn a profit through bailouts, have at it. But call it what it is.
I make shitty stock market videos
The world needs to remove people like Buffett who hoards resources for what reason exactly?! It is inhumane to continually take what you no longer Need. Get rid of the Mr. Burns of the world!
If the Fed balance hits over 7 trillion dollars and people have invested in airlines then people are going to get absolutely fucked by the government. Do you know how closely stocks, the economy, the fed, and the stock market and associated with each other? We should be thankful that Buffett is willing to talk about the truth and not lie to us so we don’t worry. He’s making us worry because this is something we should seriously be worried about it.
If governments bail out companies by printing out a bunch of money, stock prices are going to drop close to nothing and people are going to lose fortunes. I have followed his principles for years and portfolio just about doubles in value every year. I will continue to be cautious when people are greedy and greedy when people are fearful. You have to be extremely cautious when people are greedy AND fearful.
Pipe down Smithers
There is absolutely nothing wrong with Buffett “hoarding resources”. It’s for exactly the same reasons that people have savings. Savings are the basis of the economic system. Eventually, those savings will be allocated to their likely best use. So “hoarded resources” are effectively patient capital, and the benefit to society as a whole is maximised when the custodians of capital act sensibly and patiently.
Buffett already show sign of fear and uncertainty for US market and economy. He cant see what in store for US within 5 years. US is doomed thanks to the God ordained US moron President to bring down America for it Sins around the world.
Billy Yap , Trump got caught with his pants down…
Trumps fault lol, he warned it was all a scam the FED all of it. Bubble was going to pop regardless, you are a fool if you think who we elected was going to matter. Our real rulers we don’t vote for.
He got caught swimming naked with airline stock when the tide went out. He got scared when other investors are busy getting greedy.
lol………….you are a funny guy
😂😂😂😂
1:33 He sold all airline stocks!!, follow him and be rich , not followed and be ready to loose.
2:10 airline recovery 3 to 5 years. It is till better than storing money in PiggyBank.
One may get 50 %% return in 3 to 5 years horizon.
Probably airplans going to be cheaper than cars.
3:14 , we have sold the entire position in much cheaper rate than we bought.
Warren seemed down overall but it may not be due to the economy. The annual meeting being virtual instead of actual, the absence of Charlie, and knowing he is in the last chapter of life has to be a little depressing for him.
That ran through my mind a bit
I bet $1000 he lives to 100 years old
RESISTING1 I hope so. Their stock needs him at the helm for many more years if possible. Berkshire might decline in value when he does leave.
Corey Lambrecht
Agree
@RESISTING1
I think he does too. I hope he does.
Buy Coca-Cola 🥤🥤🥤🥤🥤
when Warren Buffet talks the market reacts. His words are almost as important as when the FED chairman speaks. He has to be very careful not to be too positive or negative in his comments. And to be a good poker player and not show his hand, he is still in the market with a pile of money.
Rob Klein
100% but it should be no Supprise either.
He is cautious about the rebound. I dont think he is buying anything.
Rob Klein I agree 100%, it’s a tightrope which could be used for good and bad, with or without knowing. For example how many folks bought airline stocks based on his words in Feb, then dumped their stocks on Monday morning at a loss. Many would say don’t follow blindly but there’s a lot of faith in those 89 years of experience.
That’s correct, and the airlines he sold tumbled on Monday. -10% each.
@David TexMex Many would say dont follow because they would figure anything he says is for the benefit of himself and his group first and anyone else second. They figure Buffet would sound the alarm after the fire fire started and not when the gasoline was being poured and the match lighted.
I’m waiting for the day he admits his daddy was right about gold and that Warren has a basement full of it. The estimated amount of silver above ground is something in the 1-2 billion ounce range. Warren could take 20% of the cash he is sitting on in Berkshire, buy the bulk of it, and the price of silver would hit 100 bucks overnight. Make WAY more than he has done with Berkshire ever….it hasn’t even kept up with the S&P500 over the last 5-10 years.
He could do the same with gold, and again, make Berkshire a killing. Instead, it’s parked in money markets, decreasing in value all the time.
Ed Smith who even invests in a pile of rocks lol. Dead money, Warren has been stimulating the economy for decades by buying businesses and investing in them, not by buying rocks that accumalate cobwebs in some warehouse lol
@Feralz but if he did, he would have very high returns, gold is up 18% this year
@Feralz Didn’t know Warren was running a non-profit public service business. I thought he was there to make Berkshire holders the best return on their money. Thank you so much for the education.
Why? Because you’re a loser?
Anyone who thinks people will not return to air travel as soon as possible is delusional. Most people who travel by air do so because they have to not because they want to. The airlines will just make everyone wear masks and sanitize the planes with UV light. We’re already used to being x-rayed, frisked and taking our belts and shoes off, so what’s the big deal about wearing a mask? Also there will likely be effective therapeutics and a vaccine by the end of the year. I predict Buffett is going to regret selling his airline stocks at a big loss.
PCpolice Liveleak no one said air travel would stop, but buffet doesn’t sell unless he has information. Information that he and very few people know. Don’t bet on airlines if buffet sold at a loss. Warren is not a gambler, so don’t confuse him as a trader speculating the market.
Absolute rubbish, people may go back to travel ASAP but it’s a well known fact that only about 12% is business related the rest is pleasure. Pleasure reasons is not a have to fly.
@s s I think there might be upcoming very strict international rules, if you’re a carrier and not a citizen of a country, they won’t let you in. It is something of this sort, that scared Warren to sell his airline stocks. He knows something hes not saying. All these Airplanes parked doing nothing, millions of liabilities everyday just to own them, maintain them, park them, license them, while its collecting rust.
@Feralz and then the government bails them out and they survive. Then what do you say?
Mr Buffet knows cash is king now, he will wait for the right opportunity.
AND MARKET GOES UP!!!!!!! You figure.
In4cer in4cer you have no sense of perspective
Like an earthquake at sea. Now comes the financial tsunami. Even with a cure today the damage is done.
Thulsa Doom corona is just a small part of the damage m8
yeah lets not confuse the pin with the bubble
Start with the Walton’s and the Koch’s first, they have done more to destroy the American middle class.than anyone.
Buffet believes, like many of us, that the bear market is NOT over. There is another deep and long crash coming.
The perma bulls really want to believe that the Fed will save them. They’re in for a very rude awakening.
@vincentrich – Banned But Not Forgotten They didn’t buy because they know stocks are overvalued and might not have counted on poorly run companies being bailed out.
Not until the 10 yr yield curve craters been going up a bit as well as crude oil going up a bit. Once both go down crash happens the Fed is pumping trillions into the market it’s going to go up for awhile at least for now could it crash in the near future absolutely but not until the 10 yr yield curve and crude oil plummet
The pandemic ain’t over yet!! Not even the 1st wave has fully blown across the world yet. Yes, most of the US east coast has crossed their peaks but still many more left and they are reopening already. I think there will be more panic to come and hence a new bottom is inevitable. The fed is trying their best to prop it up by going BRRR but they will run out of firepower soon when inflation starts to pick up but the economy doesn’t (stagflation scenario). And we aren’t even counting the political scenario with elections coming soon…there will be a lot of rhetoric against China and the trade war could escalate. Since the economy is screwed, Trump will use anti China posturing to try to stay popular. All this is going to have huge consequences (for both USA and China) while other economies who have borne the brunt of the pandemic like Europe might benefit.
stuck-in-the-mud bears always get left behind lmao
The stock market didn’t fall long enough to make a big decision to buy in. They’re a massive company and need to go through DD procedures before jumping in. He’s patient and more than likely we are in for a long recession
He’s the most rational investor and when he and his company were in the best position to capitalize on market pitfalls, the Fed bailed out the companies he was going to acquire. I’m also pretty pissed off and sad about what America has become.
America will overcome but with investors I hear you.
It’s hard to call it a free market or act as such in the future
A few weeks ago he said he is not selling any airline stocks while he was obviously dumping them.
When they loose about half of their current price, he will jump in and buy slowly without saying a word. When he is done buying, he will make a statement that airlines are good business
Watch it…
You really haven’t read about him or unaware that he’s not that kind of a person
TC MDK lol you clearly mistake buffet for another person. He didn’t make billions swindling people m8. You think he will ruin his reputation towards the end of his years? For what? Money? He has money. Believe it or not he cares more about investors and the American economy.
He clearly has new information that made him sell, if he was gonna dump, he would’ve done slowly for about 1-2 years, not get rid of it all, because warren never panic sells. Something very bad is coming
Buffett has often said, if someone asks what do you do when you get new information, I say I change my mind. And after looking at the severity of spread of this pandemic, he might have made this thoughtful decision. And I say thoughtful because his every decision is so.
ok all of you sell your airline stocks then pls, I will happily buy them for pennies on the dollar thank you very much
He got out, so the government could get in… lol
Stupid move by Buffet. There are numerous vaccines being tested around the world. When there’s a vaccine, you are gonna see air travel get back to normal. I would have waited until January to see if a vaccine is developed, before I sold all stocks in airlines.
Do you even own a stock?
Josh – What is a stock?
Stonks!!!
You calling the 2nd richest man on Earth dumb. Ok. Probably be #1 if he didn’t give so much to charity. People going to listen to you not someone who did it over 60 years. Makes sense.
Jim Jackle lol I was wondering what “a stock” is too.
When someone talks about women and african Americans like that, it means they’re trying to manipulate you into trusting them so you’ll buy something from them.
Big agree
Can’t wait to see if Buffett was right about the airlines in 1 yr.
I mean I’m listening but what makes you think he has so much greater data than we do? He’s certainly not using complex algorithms to trade. He just knows how to decipher the same information better
I personally think it’s just a cash flow thing- no cash flow with unclear timing on when that cash flow will return- Warren is out- too risky. He only bets on “sure things.” With reliable profitability. Hence why he never ever buys tech stocks until they are Appl and absolutely swimming in cash.
During the stock market boom of the past 50 years, this type of investing worked. I think the days of looking at a companies balance sheets are long gone. By the time you see a good one, the stock price will be years ahead of it. The market is more forward-thinking and light years more efficient.
or maybe, just maybe, he is wrong this time? just like he was wrong getting into the airlines in the first place
@Feralz
Of course he knows a lot and he does not see any value creation in the airline sector in the coming years.
But te are so many scenarios that depend on infections, vaccines, deaths, fears, border restrictions, tariffs, demand change, consumer behavior, etc etc etc THAT NOBODY KNOWS
Social 21- sure but all investing is about trying to tease out the unknowns. Every business faces systemic risks many of which are known, some unknown. Airlines are no different.
I don’t see the airline business as any less risky long term than car insurance. No risk no reward.
Hey Yahoo, all your content is good but can you please stop plugging this zack Guzman in all your videos. Thanks
Buffett needs to get pile in tech. Tech is taking the ball and running the market higher, albeit S&P going along begrudgingly, it will
C K Apple is his largest holding. I’m guessing Microsoft will join the Berkshire stable
His tone was different cause he just lost 50 BILLION!
The lose he had was locking in the losses from the airlines. Some of his portfolio valuations fell with the market, hence the $50b write down.. it’s not a loss until you sell
Mark to market loss.. meaningless..
Warren Buffet sold airlines at a loss in order to avoid an even bigger loss. Investors should remember what happened to GM during the 2008 bailout. GM was bailed out but GM stock became worthless. The government will save jobs but the government will NOT save investors who did not make the right investment.
Victor Chan you don’t understand, Warren is not a trader, he’s an investor. Fundamentals have changed so much that Warren has to call it quits. Whatever he knows it’s devastating information
Hes over 90 years old give him a break
Warren Buffett is the king of bailouts. He was bailed out by the Obama administration. He repaid the American people by selling the airlines during a national emergency.
How was Buffett bailed out by the Obama administration?
Buffet was playing roulette and the ball landed on green.
Warren Buffett was saying the airline industry is TOAST. The pep talk before the truth was cover to offset his later remarks and his embarrassment about selling airline stocks FAR LOWER than where he bought them. This all means we are in HUGE trouble over the next 2-3 years, buckle up.
Buffett refuses to buy anything yet Robinhood boys buying airlines, cruises and Ford thinking that they’re investment geniuses
RESISTING1 hey don’t come at me like that
BH owns 85 companies. Buffet has a better view into the core of the American economy and business performance than anyone in the private sector and probably better than anyone in government. His caution and reticence to venture any positive remarks about the economy generally or mid-term business performance for American business speaks loudly. His silence is far more informed than anyone else’s loud opinion.
“Just to start really big on Buffett”- not sure what that means
Koort Wallien because you’re still in the market and about to lose more money?
IT IS VERY SIMPLE PEOPLE – the market was WAY over priced – it came down 30% – it was still over priced just not by as much – Buffett’s rule is to determine the intrinsic value of a company (what it is worth) and then buy the company shares at some (big) discount from the intrinsic value – no good companies of interest to Buffett were available at the discount to intrinsic value that would entice him into acting – NO BARGAINS _ NO BUYING!!!
Remember 2008 – ‘Buy American. I Am.’ written by Buffett for the NYT – was at the end of October 2008 after the market had fallen 43% – it fell 55% in total with the bottom in early March 2009 about 4 months later. WE AIN’T THERE YET – NOT EVEN CLOSE!!!
Kirk Clements it was actually written oct 16, 2008 and the s&p500 still dropped another 30% from that point before hitting bottom
@G L I guess I should of gotten the 5 year old next door to google details for me – well done – but generally correct from my ancient memory is suffice to make my point – LOL – Buffett wrote the NYT article a year after the top was in (memory again lol) – not after a 6 week swoon – just need people to put what is going on into perspective – it can take a year for Buffett & Munger to get a handle on what is going on and how it will affect future cash flows – take care GL and feel free to be as precise as you want
Buffett is going out rather ungloriously and he knows it.
“What does it profit a man to gain the whole world and lose his soul.”
~ Mark 8:36
he has done more charity than most of us ever will
@Irwan Santoso yes and?
I guess your buddy Gates didn’t tell you his intentions before he left the board?
THE WUHAN FLU WON’T KILL AMERICA ………………BUT THE DEMOCRAT PARTY WILL. YOU AIN’T NEVER GOIN’ BACK TO WORK, CHUMP. THIS IS NOT A SHUTDOWN…….IT IS A CRACKDOWN…….SOVIET STYLE.
It is a fake “staged” virus. Stop being paranoid. Economy is being brought down on purpose
The entire world is in on it? SMH
@Steve thecat And to nobodies benefit too. Even the richest are suffering, all countries are suffering, China is going to suffer the most due to lack of confidence with America a close second, but yes its a fake virus lol…..
What an idiot
buffett is acting as if there will never be a cure for covid or that the virus will exterminate mankind.. will he be right?
He is old that’s why Buffett is afraid of the virus
“Let me tell you something, Mr. Sullivan. Do you care to know why I’m in this chair with you all? I mean, why I earn the big bucks?
I’m here for one reason and one reason alone. I’m here to guess what the music might do a week, a month, a year from now. That’s it. Nothing more. And standing here tonight, I’m afraid that I don’t hear – a – thing. Just… silence.”
Lol I like that, that was pretty dramatic. Source?
@gg g margin call movie Fatboy
Free economy is suspended.
When Malaysia’s government came in to save the economy in 1999….the west blasted the Malaysian government.
When the USA did it….it was ok.
Double standard.
I agree that public funds have to be used to save the companies …..so Berkshire have no chance to swoop in and buy.
If I am a CEO…..take out all the monies in the company when it is doing well…..take the government bailout when it is bad.
Looks like Buffett is a vet in a young and faster game. We may be seeing the end of Buffett
He sounded very concerned. I personally, haven’t heard Buffett has such a sombre tone
He lost more than $50 Billion due to Pandemic. Of course he is in that tone. Imagine losing a third of your capital you worked so hard for many decades…most will want to die pretty much.
@Brillian Tran he didn’t lose $50bn. You clearly don’t know how markets work.
@Brillian Tran Your observation is not as brilliant as your name suggests, sadly. Do you really think they “lost” $50 billion?
Who will run Berkshire Hathaway after Warren ?
His older child
This to me just confirms this wont be the only lockdown plandemic were going to suffer in the next few years. Follow the money and look at their move tells, you everything you need to know.
Smart money has pulled out more than $1 trillion from the market last month while the retail and robinhood investors piled on due to fomo. Bulls make money, bears make money, while pigs get slaughtered.
He sold airlines at a loss for the simple reason they will never return to profit in his life time nor mine. Most jets now are valued just above scrap value,,,,,too many with no place to go with to few people wanting to sit in a tube full of god knows what.
As for never backing against America, if Trump returns for four more years my money is on China and Europe. They will have a plan and will keep to it they also no how Tariffs work unlike Trump and will use them to there great advantage.
Too many planes…
I thought there were a couple of Berkshire companies that made engineering parts for the airline industry that might also be heavily affected .
Because they “lost” like 45 billion the latest quarter and the virus and lockdown thing isn’t good for the people (especially elderly)… But he joked a few times. Don’t overreact.
Another great Buffet video. See UK value investing on INSTAGRAM @simpleinvestinguk
“In 2008 the train came off the track, in 2020 we pulled the train off the track”. Warren Buffet 2nd may 2020
The move was gut feeling, years of experience by sir warren and sir charlie, they are planning to invest on something different, which is applicable to the new normal during covid times, the share holders will thank then in the future for making the right move.
BUFFETT KNOWS THE ECONOMY IS FUCKED FOR THE NEXT COUPLE YEARS…..😃👍😎
airlines are done, done
“We simply attempt to be fearful when others are fearful and we never forget rule number 3 : nevermind rule number two.“
As I’ve always said watch the behavior of the wealthy investor, he is in direct talks with the heads of the central banks, and what he’s being told upset him, our economy is in for a long dry spell, the average investor is going to lose their shirts
Watch maybe but probably not follow. What Buffet does is for him and those on his team. Whatever warning he gives is because he figures it’s late in the game.
He knows the collective ‘inequality’ rage is building. He has enormous verbal empathy but he doesn’t move a finger for solutions.
Optometrist Thanks good bye bartender
The confession and don’t look good for him sue China then
I usually don’t trust people wearing bow ties. =)
Should have bought BTC😄😄😄
Buffett is in depression. He lost $50 billion on crappy airlines and now the Fed took away all the potential bargains Buffett lives for during a meltdown and Fed giving all bankrupt companies free loans and grants. Plus Buffett was taking a nap on March 23rd and when he woke up the market was back up 20% with Fed support and putting a floor under any meltdowns. So now depression sets in.
And yet he has 137 billions ready to deploy.
The sound is very low for Warren, could barely hear him.
I don’t care who you are & how great an investor you’ve been. You cannot say ‘don’t bet against America’ in one breath & then follow up with, ‘oh, by the way, I’ve sold my entire $6.4B worth of US airline stocks. He just kicked the entire US airline industry in the balls. Buffett is a hypocrite.
What Warren is saying is that the long term picture for corporate America as a whole is fine – but that the returns from this one sector, being the airlines, is likely nowhere near as rosy.
He’s an incredible person and investor. Bravo Warren!
Is this old guy still investing “dam..
Buffett of the last decade has been a mediocre investor at best, having missed most tech opportunities and being late in the game on these. The age is catching up with the man. There is no way in hell air travel will not be back within the next 12 months. The bull market is very much alive and will keep going.
“There is no way in hell air travel will not be back within the next 12 months” So you think air travel in say Dec 2020 will be back at the Dec 2019 level? Are you ready to take a wager?
Buffett is a value investor and stocks have been overpriced for awhile. As far as airlines, yeah they very well may come back. GM came back after the last recession and bailouts, but shareholders got wiped out.
Bailing out on Airlines is common sense in Mid-Longterm. America will have to follow Venezuela’s model for Airline’s to continue to pump. However 0% Interest Rates is holding up for now, so highly unlikely.
You need to watch the whole prsentation and Q&A. In two sentences he told us what to expect. There is no need for assessment and commentary. My 90 yo mother would have understood. Here they are:
1. He will be a net seller of stock for 2020. Time to clear out the duds. Where he holds cash, he makes 3%.
2. BH stock has collapsed 50% three times since the 70s. This is going to be another.
3. If you cannot survive as an investor with 50% falls in stock prices, you are a speculator, not an investor.
4. Look at owning stocks over 20 years not 20 months.
5. Owning stocks is like owning a farm. There will always be droughts and floods.
6. Only buy stock in companies where you understand the business.
7. People who borrow money to buy stocks deserve to lose it.
8. If you cannot handle 1-7 then you are not emotionally suited to invest in stocks.
Investing is fake. You might as well predict that grass is gonna grow. Stocks might go up .. and they might go down. More at 11.”
I hate Billionaire millionaire. These evil the main cause for viruses, social problems, poverty, climate change
F his old A’s
So we are bailing out shitty businesses en masse and will have another 20 years of austerity. I can see why they are trying to remove your second amendment so rigorously.
The Bear has woken up and is just rising, not done yet
Until a viable cure is available, countries will continue to isolate. Airlines are not the buy right now
Buffett needs a glass of wine to deliver news.
Warren with his PR machine trying to push negative press and manipulate Berkshire stock prices. His 1980 U.S. Airways purchase was a disaster and now this.
Confidence has been destroyed by the government. People no longer trust our government. Maybe invest in doomsday bunker companies.
I don’t like buffett getting old . Let the woods decay and fall, but Buffett should always grow younger. ❤
A 89 year old man’s future is counted in days and not years… what future are you planning for?
Bunch of sheeple who follow these big time investors’ every word and move. He is in his 90s and supported Hillary. I wouldn’t take what he says too seriously.
That’s dude with the yellow bow tie did not listen to Warren Buffett at all and it shows.
You guys completely missed the boat. Being optimistic about American and not buying stocks NOW are not mutually exclusive. Considering near every economist expects a second down turn, likely when Q2 numbers are coming out, THAT would be the optimal time to buy now. Why would anyone buy stocks when the index’s are near all time highs and the economy hasn’t been weaker since the great depression?
Rick Newman of yahoo news sucks!!!
The stock market is clearly not manipulated…. millions of job losses and the world is standing still but the stock market is a BUY hands down^^
This market is being pumped by the FED and their surrogates. Foward looking is a ridiculous statement.
Buffet is nothing more than a rich shill for the libtard deep state democrats that are trying to cause a market melt down, guess what, it aint gonna happen, as long as Trump is President
No 🛫 for Buffett 🛬, time to take the 🚄
Warren doesn’t look very spry. Is he as sharp as he was a decade ago?
I totally agree with selling off the airlines. The pandemic could last years. Society will never be the same once this is over. Everything, and I mean everything, is so uncertain at this moment it’s best to not invest in equities until the fog clears.
buffett is cooked. he took a big $hit on his money and sold airlines lmao…after buying more in march. like a rookie. its over, the old man is paralyzed with fear. Buffett of 20+ years ago wouldve never missed the opportunity in march