I always like to mention Warren Buffet completely disowned one his grand daughters for appearing in a documentary about rich people made by the heir to the Johnson & Johnson fortune.
What’s your feeling on that? Happy because less generational wealth or mad because he is against transparency?
I point it out because it shows how psychopathic he is to cut out a close family member from his life over nothing. He’s a heartless asshole, and I think that documentary shows most rich people fall from the same tree, to varying degree.
Decreasing inheritors keeps the money more concentrated, which keeps it in the family longer. The more quickly it’s diluted, the faster that wealth power fades.
Good point.
He literally says the exact opposite during every crash.
Principle 1: Stay Calm and Avoid Panic Selling
Buffett often emphasizes that “the stock market is designed to transfer money from the active to the patient.” He cautions against emotional decision-making during market downturns, noting that selling out of fear often leads to significant losses.
https://www.investopedia.com/warren-buffett-on-stock-market-crashes-11693767
Yeah he also spent all of 2024 offloading his shares into cash money so maybe don’t trust that this time.
That was calm selling, not panic selling. The calm selling happens before the market crash, not during.
That’s not panic selling, that’s transitioning to a cash position because you know a Republican is going to crash the American economy and want to be able to buy everything up cheaply.
This is what every investor does before a Republican takes office. That’s not panic selling.
one of his mantras is to be greedy when others are scared, be scared when others are greedy.
essentially, buy low, sell high.
him selling before a crash, is him cashing out on a high market to wait and buy during a “predicted” low market. so that in the future, he can sell high. thats how you actively invest. generally speaking.
source: the universtiy of berkshire and hathaway.
You already got some replies, but there’s an indicator buffet uses to identify when to (or no) invest: the ratio total stock market value to GDP.
Bro is 94 and one of the richest people ever, he doesn’t need to be heavily in stocks.
Wallstreetbets is leaking
The amount of dick riding wallstreet does to this toad makes me sick. I hope he ends up in prison like bernie madoff
Source or it didn’t happen
Damn. I need to check my source biases if I missed a story like this
Clearly not real
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No it isn’t.
