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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.
Bro is 94 and one of the richest people ever, he doesn’t need to be heavily in stocks.
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.
That’s so you’re stuck holding the bag while he cashes out
Wallstreetbets is leaking
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Clearly not real
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No it isn’t.
The amount of dick riding wallstreet does to this toad makes me sick. I hope he ends up in prison like bernie madoff
He’s made shit tons of money and I don’t think he did it by shorting stocks or bankrupting companies. Just throwing money at companies he expected to do well. Far as making billions goes, he did it in a less scummy way than most.
Maybe a little less scummy. Buying up trailer parks and jacking up rates on folks who are already living in poverty-light conditions is still pretty scummy.
That is. I never knew he did that one.
Wanted to get a link for you:
Key findings:
Clayton Homes, owned by Warren Buffett’s Berkshire Hathaway, makes more mobile home loans than any competitor by a factor of six.
Warren Buffett’s Clayton Homes operates under at least 18 names, leading many buyers to think they’re shopping around.
Warren Buffett’s Clayton Homes lends at interest rates that can top 15 percent, and often adds thousands in fees to borrowers’ loans.
Clayton customers report deceptive and predatory deals including loan terms that changed abruptly, surprise fees and pressure to take on excessive payments. Former dealers said Clayton Homes encouraged them to steer buyers to finance with Clayton’s own high-interest lenders.
Yeah. That’s pretty shitty for sure.
He also owns the rail companies. You know the ones that tried to go on strike but biden broke it up. Then months later Palestine ohio train crashed… yea that was his company.
He owns one of the rail companies.
Great another dick rider
He owns one of the railroad companies.
