3 investing lessons Warren Buffett shared at the 2021 Berkshire Hathaway meeting (via CNBCMakeIt)
Warren Buffett shared some words of wisdom for new investors and day traders during the annual Berkshire Hathaway meeting on Saturday.
index fund," Buffett said, which holds 500 of the largest companies in the U.S., "and have for a long, long time to people."To drive home his point, Buffett shared a slide that highlighted the large number of automobile companies in the early 1900s. "[T]here were at least 2,000 companies that entered the auto business because it clearly had this incredible future," he said. "And in 2009, there were three left, two of which went bankrupt."
"It's a great argument for index funds," Buffett said. "If you just had a diversified group of equities, U.S. equities, that would be my preference, but to hold over a 30 year period."Buffett said it's the reason he has instructed the trustee in charge of his estate to invest
, and 10% in treasury bills, for his wife after he dies. "I just think that the best thing to do is buy 90% in S&P 500 index fund."Don't treat the stock market like a casinoIn the past year, Buffett says there was "the greatest increase in the number of gamblers" dabbling in the stock market. headtopics.com
"[T]here's nothing wrong with gambling and they got better odds than they've got if they play the state lottery, but ... they actually don't have a lot of good results," he said.For example, Buffett expressed concern with trading app Robinhood.
"It's become a very significant part of the casino group that has joined into the stock market in the last year and a half," he said. "There's nothing illegal about it. There's nothing immoral. But I don't think you would build a society around people doing it."
Robinhood responded to Buffett's comments on Monday and disagreed with his sentiment."Retail investing in America is thriving today because everyday investors are seizing the opportunity to build their own nest egg," the companyposted on their blog
. "Robinhood has made investing simpler and more accessible to more people..."Nonetheless, "American corporations have turned out to be a wonderful place for people to put their money and save, but they also make terrific gambling chips," Buffett said. headtopics.com
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MakeIt getting old is hard to watch ,warren stuttering and loss of words...wont be long!
Warren Buffett Hails Tim Cook, Charlie Munger Calls Big Tech ‘Credit to Civilization’ at Berkshire Meeting Warren Buffett gushed over the management and leadership skills of Apple CEO Tim Cook on Saturday as the renowned investor presided over Berkshire Hathaway’s annual shareholders meeting. Buff…
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Berkshire Chooses Greg Abel as Warren Buffett’s Successor in CEO Role Warren Buffett said Greg Abel will succeed him as Berkshire Hathaway's chief executive should the 90-year-old billionaire leave the role in the short term. Abel oversees the firm's non-insurance operations. Headline should read “Berkshire hires new CEO who will actually show up to annual conferences” The begining of BH fall. Sell when he retires. Buffett has good confidence on Greg's Abelity.
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Warren Buffett's Berkshire Hathaway stock price is too high for Nasdaq to handleBerkshire Hathaway's Class A shares performed well this week in the wake of the company's annual shareholder meeting. Too well for Nasdaq's computer system, in fact. Why was Trump banned? Now if only the class B stock would take off like the big ones. Oh, I better check. Got a certificate for ten shares laying around somewhere✌️