Is Warren Buffett Lying to You?

That's one of the few things Munger and Buffet say that is true, diversification is just throwing darts at a dart board. What they don't tell you is all the insider trades and junk bonds they made the bulk of their fortune with.

Given what's transpired in recent years, it would appear that the political risks in the US exceed investment gain, making it a no go for investment opportunities.

There is only ONE thing that determines your standard of living.
Leave me your comments. Let's see how many people get it right.

Half of Warrens company is Apple lol

Dont listen to warren or bill

Buffett was right. If you actually talk to most people you will realize they have no clue what they are doing when it comes to investing. Most people should diversify. You should only concentrate your portfolio if you an expert in a certain field or subject.

Indeed pretty idiot from his part to say 'do not diversify!' Many are now bankrupt for having followed this stupid advice. It's just common sense.

I was trying to exchange some of my Canadian dollar but the value against the euro and the USD is so low that I chose not to do it. It's ridiculous how the economy is bad in Canada.

Nobody drinks coke in France or even sodas so if we followed gis advice, we would lose so much money plus it's also good to believe in the product also and not promote junk drinks

People with poverty consciousness will stay poor regardless of how much tehy diversify.
People with wealth consciousness will stay rich even if they own one business.

Warren Buffett isn't wrong, he is just gaslighting.

I dont get 0$ for entitle i got no momey in stock cuz i kno all atock is where the fraude in laundering sits same as the counter fit they thoufg they could swap a conversioj good luck all money comea out ny federal megical reserve bank it was bars before coin befor3 paper before anything paperless was such thinf n just like i own all fossel fuel it wjll still be th4 same defaul5 cost thr 3 letter abbrivistion on bit coin reprewent every gas in fossel fuela n oil that 1 bit coin ill be the all aum in cost to like it startes to begin with lol

Remember, "Diversity, Equality, and Inclusiveness, is our Strength"

To bad Venezuela is going down. Now that Maduro stole the election again more Venezuelans are going to continue to leave the country.

Are their diversification options for working class Americans that earn between $60K to $200K?

Stopped drinking fizzy drinks decades ago

the reason berkshire owns different business is because they already bought the entire company, they can not invest more into the same business. So they have to invest into other businesses. In terms of stocks, they are diversified, but 40% in Apple is not very well diversified.

👍Diversification Brands I don’t follow the crowd and own LVT bags

Diversification is good. Over diversification not so much.

what do you think about Peter Zeihan who basically preaches that the US is still the best and will be the best but China and pretty much all the world will have very hard times very soon (I'm simplifying here but if you familiar with his lectures you should understand).

Don't listen to what he says without conparing it to what he does.

Listen to Warren Buffet for financial advice and get REKT.

Perhaps you could discuss what steps to take considering the great taking as described by David Rogers Webb

You don't need to diversify if you know the oil pipeline will be shut down as you are thinking of buying rail stock.

The man who pushed brexit and caused so much damage to the UK economy is surprised the bank retaliated.

Thoughts on the craziness in venezuela?

Based on the toucan in the background, I'm guessing this was shot somewhere in South America? 🙂

I think the context in which Buffett was talking, is about investing within a realm you're familiar with. For instance, if you've studied the banking sector, then you diversify within stocks of various kinds of financial institutions instead of spreading it out between, say, banks, construction firms and food companies. Or in your case, you're investing in global nomading because that's where your expertise lies. You won't be diversifying into agriculture, for eg, any time soon.

But all said and done, we need to bear in mind that Buffett, like a broken clock, will always be correct twice a day.

Take a look at this heading in a French new outlet.

" PM candidate wants to tax French abroad as America taxes its expats"

Western countries are going to increase your taxes to pay for the mass immigration of welfare parasites they have imported.

Warren has tons of money and takes little risk
The average retail trader has little money and takes loads of risk
Welcome to trading..

what Warren Buffett has been doing is nowhere near diversification. Good companies make money, and he now owning so much of them was just a consequence of receiving so much cash from previously bought corps, at the time when buying certain other companies would be a better use of such cash, rather than reinvesting. Their point here is all about what to do with cash one has on hand, which is spending it all on 1-3 companies he knows will generate the highest yield, instead of buying the market, then repeat the process with dividends paid (if they send him).

One question. As a US citizen you’re supposed to report foreign accounts. So, even if you’re banking in Singapore, Thailand or Georgia….Uncle Sam can still reach out and touch you, Can’t they?

Well said!!
Thank you Andrew

remember, warren buffet and charlie munger both highly recommended investing in chinese local gov debt. Charlie is deceased and buffet is a liar.

Warren Buffett selling a significant amount of stock prior to the recent crash suggests several insights about elites and traditional finance:

1. **Insider Knowledge**: It indicates that elites and influential investors often have access to information or market signals before the general public, allowing them to make strategic moves to protect their wealth.

2. **Market Manipulation**: This behavior can be seen as evidence of potential market manipulation, where the actions of a few powerful individuals or entities can influence market outcomes, often to the detriment of ordinary investors.

3. **Lack of Transparency**: The traditional financial system lacks transparency, making it difficult for average investors to anticipate or respond to market shifts. This lack of transparency benefits those with privileged access.

4. **Risk Management**: Elites like Buffett have sophisticated risk management strategies and resources to navigate market volatility, highlighting the disparity between them and average investors who might not have the same tools or knowledge.

5. **Crisis Anticipation**: It suggests that those deeply embedded in the financial system can anticipate or even foresee economic downturns, allowing them to take preemptive actions while the broader public is left vulnerable.

6. **Trust Issues**: Such actions can erode trust in traditional financial systems, as they seem to favor the wealthy and well-connected over the general populace, leading to calls for more equitable and transparent financial practices.

Overall, these actions underline the inherent imbalances and vulnerabilities within the traditional financial system, reinforcing the need for greater transparency, decentralization, and equitable access to financial information and tools.

Not sure what you mean by “look at what happened to the Pound” - £1 buys me $1.28, and the trend is to get stronger. The pound has been stronger than the dollar and the euro for quite a few years now

Who can trust a guy that gave his entire fortune to the Gates Foundation?

Warren is not wrong. He’s an investor, whom companies issue shares to and who gets a seat on the board. People who speculate in the stock market don’t get shares issued to them or a seat on the board, therefore they are not investors, just traders. And it’s the traders who are mistaken at listening to advice of an investor like Warren, as if it applied to them, foolishly considering themselves investors.

and warren buffet sold their 50% apple stock

Ive got Georgian Laris :) Georgians are smart, the exchange rate is worse in the summer and better in the winter (for americans). Buy in the summer sell in the winter. :)

Diversification is BS and for the weak. Best strategy is a financial adaptation of Guderian's/Rommel Blitzkrieg plan "Drive hard, hold the reins loose, Don't divide your forces and don't be distracted from final victory". +20% gain in last 6 months alone, and it ain't rat bait (crypto), but Gold. Surest bet in History is to bet against the dollar and buy in quantity it's surpreme Nemisis that is heavily hedged against, at the moment. Rome 2.0 is imploding, plan accordingly and find the New Helvanti for shelter. Trump won't save the West, mathematical now impossible. Whoever wins elections, no one, and I mean no one can save the USD$/Treasuries market. Global majority dumping Treasuries faster than snow melting in the Sahara,

Buffet is from the old guard, from a time when people could work for the same company for 30 years. So in the same way he thinks you should invest in one thing and not diversify. But the world is different now, it is dangerous NOT to diversify in several areas of life.

I think his point was diverisfying just for the sake of it and using it as a hedging strategy doesn't make sense. For example, you can have two investors that invest in the same thing but for different reasons. Let's say both invest in a tech company and commodity company, however, one is investing from the standpoint of if one investment fails, the other will still hopefully be there and the other guy is investing from the standpoint of I see two great opportunities to yield positive ROI's, in the long run, the second investor will probably yield a far higher ROI (assuming they know what they're which is was his point) as an investor. However, that doesn't necessarily mean the first strategy is bad either. They are just two types of investors.

I sold my Berkshire Hathaway four months ago. Time to diversify further lol

I dont think he ever said that ive been following warren buffer and he has been nothing but an advocate for diversification

One thing you're missing is that the usd can't be crushed. That will mean goodbye to any western economy and many non-western economies. Sure you could have had diversified into non-usd/euro currency during that collapse but they would all eventually go to zero as the world's economy will experience a severe deflationary event. Gold ie physical will be the only thing saving your financials in such an event but even then your gold bars would be the last thing you think about when the world is on fire.

What’s the average net worth of your clients?

Big brother robber me. California and all of the rest

Andrew, you nailed it in one devastating blow as to Warren Buffet's seemingly positive outlook. He is absolutely on the side of politicians who support confiscatory income taxes and confiscatory inheritance taxes (that benefit Berkshire when the family has to make a fire sale at tax time). Buffet supported nixing the Keystone Pipeline since he made millions and millions shipping oil by tanker railcar.
Warren Buffet's statement that he is glad to pay more taxes is utter bullshit. It's just a ploy to make himself look good to the "eat the rich" crowd.
His wealth is gained by influencing and buying off Democrats.