Posted on 08/14/2023 6:15:51 PM PDT by anthropocene_x
According to the world’s most famous investor, the “incredible period” for the U.S. economy has been coming to an end in recent months.
That’s a somewhat surprising statement from a man who has famously been ultra-bullish on the U.S. economy.
But persistently high inflation, higher interest rates and the ongoing banking crisis have all made Buffett much more concerned about investment gains in the year ahead. His partner, Charlie Munger, echoed this sentiment. “Get used to making less,” Munger quipped.
(Excerpt) Read more at finance.yahoo.com ...
We were doing well when Trump was president. Now the dims are in charge
Me, no.
Michael Burry placed a big short on some stocks just recently.
https://www.thestreet.com/investing/the-big-short-michael-burry-makes-big-bet-against-the-market
He was the dude that was the first to short housing in 2008.
(Christian Bale in The Big Short)
He is right... This is only headed down...
Buffet went into housing developers.
Not sure why.
I just sold my stake in $MAR. today.
Gonna ride cash for a time.
Globalization has ruined the USA certainly not made it better.
Actually, gonna ride the CD train.
TRUTH & POLITICAL CORRECTNESS:
4 MINUTE VIDEO ON WHERE WE’RE HEADED!
https://youtu.be/15HSTmmWtJM
You might have some fine timing there.
It’s time for Mr Scratch to call in his and Charlie Munger’s debt.
Was it anything in particular that “told” you to sell?
Hasn’t Buffet traditionally supported Democrats?
Yes.
He never used what influence he had to advocate for fiscal and policy restraint. (At least not that I’m aware of).
Yes, but not with a lot of money. He’s not into giving much dough to candidates.
Hope he enjoys the disastrous Joe Biden Administration
Oh, he won’t starve of course
Yes, he has openly supported Democrats. That’s why his opinion is a valuable flip for conservatives — and a change in Washington leadership.
Glad to hear this from Warren “No Longer All You Can Eat” Buffet.
I had been riding since 92.00
Marriott is oversold IMHO.
Not even close to being an expert.
Avoided that same year 10% hit.
Traded my SVSPX two weeks ago after 19% ride after getting out of cash in Feb 2023. Went to cash in Nov 2021. Missed that downfall of 2022.
Basically kept my balance and made some decent gains.
I am wondering..........
Nice. Hopefully things keep working out in your favor.
I think the future is a bit shaky at the moment.
To be honest, I expected a crash some time ago...
I am barely staying ahead of inflation.
With CD’s I hope to break even. Trying not to lose.
The market can crush you.
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