Inflation swindles almost everybody, says Warren Buffett
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- Опубліковано 29 кві 2022
- Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the Berkshire Hathaway annual meeting, nicknamed the “Woodstock for Capitalists.” The Omaha, Nebraska, event gives shareholders a chance to hear the legendary pair discuss investing, their economic outlook and life. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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I know it's been a couple of years since that last Berkshire meeting, but Charlie and Warren are really showing their age here. Both of their minds are still sharp, but don't take these two for granted because we likely don't have these wonderful interviews for much longer.
the guy wandered off on every point and failed to ever actually make one. its time for him to retire and enjoy the closing of the curtain.
Yeah, I love them and their wisdom. I noticed a few times when Warren asked Charlie a question he wasn't paying attention/missed it and then Warren would cover for him. It was sweet, but, yeah I had the same feeling you had about this one. Every meeting is a gift.
Showing their age?!!! 91 and 98 and still in business - WTF!
Lol these guys think Bitcoin is evil
@@howsyamotha7252 just stupid. not evil.
Where can we find the article
CNBC needs to post the full video from the meeting. I'm sure some appreciate these little snippets but please... post the whole thing!
Totally!
They put a bunch of different videos up so that way you can click a bunch of videos, jack up their stats, and watch a bunch of different advertisements
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I just loaded up on these stocks, but my questions is how can I make short term profit, I read articles of investors that made over $500K after a couple trades and I'd appreciate clue on how to make better profit
You have to apply rigorous trading strategies, which you'd have to be a pro for
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Kathy Wood’s isn’t looking so good anymore but Buffet’s still winning.
she must have gone from 66 to 166 lately.
ARKK is close to being a scam built on lack of investor knowledge and hype. Buffett basically said this (without mentioning ARKK specifically)
Everyone is a genius in a bull market!
Kathy's only mistake was going on CNBC and becoming the flavor of the month. Better to fly under the radar when you can't close the fund.
ARKK is an ETF, it tracks the performance of the shares it holds. No one made you buy it, if you bought in and got out at the right time, you made a fortune. Don't be silly. Obviously the stocks in the fund were excellent during the run. People just got greedy. Good gains over a short period rarely last.
I love how Charlie is casually munching on peanuts! These guys are so authentic and it is amazing they never retire. They have passion and love what they do!
Charlie Muncher
@@TheScreamingFedora HAHAHAHAHAAHAH best comment I've read in weeks
Charlie got so bored so he can’t keep his hands off the candies xx
Lol they are both always eating at every meeting
How can Munger eat so much candy and live.
blood infusions
@@mikhailtolstykh4104 Thanks.Need a good laugh.
He suffers from George Burns disease
it's See's!
Only eats it during interviews as its a product placement.
he got some chocolates advertisement. and diet coke :))
Buffet feels good and happy when he drinks coke, and that is the secret to long life being happy
Someones eating too close to the mike haha
Politicians and bankers aren't worried about inflation... they'll just give themselves a raise!
Warren is describing Bitcoin.
Thank you. Updates would be more summarized. Trust ha been established. Appreciate again.
Why at the beginning section were they sitting close together, and the second half they spread them apart?
I wonder the same thing. It happens after Lunch.
So that they can fart away in peace
@@chillones9574 only thing I could guess is maybe someone said they should spread out for covid reasons?
Where is full version of this meeting? These 5 minute clips are BS
cnbc website, it's 6 hours long
wtf does writing a long article for Fortune have to do with inflation?
Did he just plug bitcoin???
Wow buffet, sounds like bitcoin would be right up your alley. Haha
Sharp as usual and to the point. Wish there were more people like him, kind and beyond smart. Two great, great guys.
Come on! It's temporary
Well it doesn't swindle the government, they benefit from it.
He can blame Powell for this.
Ironically, he tells us a story about too many words that had nothing to do with inflation.
How is that ironic? He told you his answer in the first part. Inflation affects everyone except a business that requires 0 capital while maintaining pricing power. (which doesn't exist).
How is any of this ironic? did you learn a new word or something ?
@@Jerryfromtheblocm You could argue it is ironic, because the greatest investor in history is deliberately trying to miseducate the masses here on the causes for this inflation. Buffet knows exactly why this is all happening. Inflation is being caused right now because it is global policy of the ruling class to harvest less natural resources for the global economy, in order to conserve those natural resources and protect those ecosystems. So it is ironic that whilst we trust this little old man to guide us on our finances, a man heralded as the greatest of all time, which he is, he is actually trying to lead us down the garden path to our financial destruction.
They seemed alot older? Or is it just me
Inflation swindles everybody. Yet don't support bitcoin?
Monopoly money is more reliable than bitcoin!
The only person who benefits from Inflation are people in debt with the debt dwindling in value.
Imagine, you want to invest millions of dollars but you can't be bothered reading couple thousand words from one of the most successful and wisest investors.
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What’s with the smacking
Said nothing here, time for the wood shed
Inflation swindles everybody - you’re better off by having part of a business than cash
One of the dangers of short term investing in an inflationary real estate market such as now, is the risk of getting caught in a real estate bubble.
Talk to bill gates who bought billions of land like evil British queen mob family
Charlie has warrens back
Truth
It is amazing these guys are in their nineties and are able to eat all this sugar, they either have an outstanding doctor who gives them very frequent checkups or their actually not eating all these sweets.
Yea.. they should open a health class ab not abusing substances
They don't invest in technology or innovation
Inflation is easy to game. My properties are more valuable than ever, my dividends are outpacing inflation, and i still have almost no bills. Inflation affects people more if they are ignorant. I started with nothing, but i studied economics and finance like it was life blood.
Don’t forget Biden said it was transitory.
And Donald and his trumpers said no more voting rights for Black people and minorities, no more abortion rights for women, and strip inexpensive healthcare.
Someone should of supplied Charlie a napkin. He keeps wiping his mouth with his hand!
What is he Eating!
These are people that go up to the most upscale restaurant, ask for a water, pour it out, then fill the glass with their own Diet Coke, and then leave
Let invest on bitcoin to survive
Your in a bear market at 20% or more,.
These two old guys eat candy and drink Coke all day long. Maybe the Doctors were wrong after all. What keeps you young is doing something you love to do.
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I'm sure Buffett voting for Biden, so he's to BLAME.
Becuz Donald didn’t spend his transition days tying up the economy. Got it!
@@williamperdue8051 If you're blaming the current economic problems on Trump then you're seriously delusional
@@cac3343 Trump indeed. No delusion. Trump set us back decades.
Two live god in the world
A stable monetary unit... what would that even look like, Warren?
A predictable issuance schedule?
A known maximum limit?
An immutable public ledger?
A global network?
With permissionless and secure transactions?
And open-source code?
Hmmm.... HMMMMMM......
I am curious to know how Crypto would solve all the problems of Fiat. If it is similar to Gold in its properties, then we already know that the gold standard doesn't work and so would 'Crypto standard' not work, unless there is something we're not seeing ?
@@chosesomething it wouldn't solve it. A known maximum limit will cause bad deflation if the economy produces more goods in the future and it still circulates with the same limited amount of currency.
@@jjukjkjiok7782 Deflation isn't the boogy man you make it out to be. The purchasing power of your money increasing relative to the goods and services available is a solvable accounting problem, not a disaster. In fact, its good for savers.
Imagine a savings account growing in purchasing power by virtue of the world becoming more efficient and not by an accounting trick where you gain a yield in an inflationary unit.
@@PriusOmega stable barter is good. Either direction with the air in the balloon (inflating or deflating) is bad. Money supply needs to adapt to capital investment needs. Not be a fixed immutable object for all eternity.
Everyone except for the wealthy....
worship money simple and country is a liability
Warren Buffet is more alive than I am and I am only 37 years old.
Be human
😘🥀
That's it CNBC keep on pumping bitcoin .
Pump it , pump it , pump it real good.
Well done for playing your part in suppressing gold and silver.
Everybody except the goldbugs and BTC hodl'rs
How did buying gold in 1980 work out for the gold bugs?
@@JustinTipton we are talking about the total devaluation of the dollar. Losing reserve currency status. Nothing like that happened in the seventies or eighties
Not really, you own gold to maintain purchasing power. People mostly own bitcoin because they hope to get easy money.
@@sawyerrice3244 Exactly, but he knows that which is why a strawman argument was presented in futility.
@@JustinTipton Not as good as the guys who bought in 1970!
It's quite disturbing to see Charlie munching on peanut brittle and chewing with his mouth open. Very uncouth. Listening to someone chomp on crunchy food with there mouth open is worse than nails on a chalkboard.
All beings who have reached the God consciousness identify with the one God and share a oneness of thought. Innumerable beings in the universe share this consciousness which we seek to obtain. With every negative action, and every negative thought and feeling, you untiringly draw a new cataclysm nearer. Try to keep the state of inner peace and harmony during most of the day.
Warren: “If you could have a totally stable unit of monetary use you’d be better off”
Also Warren: Bitcoin is worthless
This puzzles me
Bitcoin is not stable ya clown. It’s not a currency, it’s a speculative asset.
Keyword is stable. Your puzzling is your own.
not stable. It went from about 10k to 60k to 30k to 60k to 40k all within the last few years. Bitcoin is purely speculative. Nobody knows where it’s going. Warren Buffett, Charlie Munger, and Bill Gates all don’t like bitcoin because it doesn’t produce anything (no earnings, no cash flow). There isn’t a good way to value what it’ll be worth in the future like in stocks you can use a discounted cash flow model. Bitcoin is not a good investment. I don’t know any intelligent person who would say putting 100%of your networth in crypto is a good idea. It’s dumb. Don’t do it.
?? Don’t get it.. explain if possible. Thx
@@thelonewolf8333 Bitcoin is stable compared to a currency that’s getting f*ed because it’s a global currency and when one people flees into it others take profit. Nobody fled into the Venezuelan bolivar, nobody took profits in it, it just tanked.
Bitcoin has been stable compared to currencies like the Venezuelan bolivar, whether you see it, and whether you like it or not
The CCP has begun to soften and open up the financial review of foreign investment. This is just delaying time. If Alibaba checks its accounts carefully, you will find many fake accounts, as well as links between the CCP government and military-related companies. The CCP I just want to continue the life of the CCP regime. With the support of financial gold, the CCP regime will not collapse, and the military and various expansions will be stepped up. Just like the civil war between the Kuomintang and the Communist Party, we will strengthen ourselves and deal with the domestic situation. , One point against the Japanese army is exactly the same. If Europe and the United States can't remember the lesson and think about their own economic losses in China, they will eventually be kidnapped and breed tigers.
And Bitcoin solves that. He’s so close to understanding this yet so far away … 😂
You're laughing at one of the richest guys ever. What's more funny is you thinking you're smarter than Buffet because you hold 0.2 bitcoin. Calm down Big Remmer
Look, a dinosaur
An incredibly wealth dinosaur though and you live under a bridge!
So basically we need either gold or bitcoin as money...you heard it from the oracle himself.
Bitcoin is the answer Warren
pfffft. sure, lets see how crypto holds next year.
Governments don’t like it. Good luck changing their policies any time in near future.
@@TehBananaBread 80-120K next year
@@mikhailtolstykh4104 based on…… ? Looool
@@mikhailtolstykh4104 yeah, I also think it will fall to 80-120K CNY
It’s sad to see him in cognitive decline
The world will be a better place if WB was gone
Why doe you say that? Genuinely askjng
Yeah cause he is the one in charge of printing dollars.
@@TehBananaBread He is one of the beneficiaries of 0% interest and welfare/money printing among other things like government buying stock
Lol? His giving his fortune to charity. His help so many to earn so much. He has shared so much knowledge to people around the world etc... wtf have u done? I think u need to disappear from the face of the earth so the world would have less troll and a moron
I think it would be much better without plebs like u kek
It's time for a better money system. 🪙