Warren Buffett on U.S. economy: It's 'a tougher world' out there for many businesses
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- เผยแพร่เมื่อ 25 มิ.ย. 2024
- Berkshire Hathaway’s Warren Buffett joins 'Squawk Box' from Tokyo to discuss the state of the U.S. economy, and why he doesn't pay attention to economic forecasts. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
My main concern now is how can we generate more revenue during quantitative times? I can't afford to see my savings crumble to dust.
Very true! I've been able to scale from $50K to $189k in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
UH WE ARE IN A RECESSION...WE HAVE BEEN FOR 6 months. Stop listening to Politicians they lie about everything. Shipping is down over 30%, most companies are down from Q1 this year. We are in recession. Hopefully it doesnt last long.
China is not growing faster during this recession. I mean there are countries living with a 600eur minimum wage in Europe. Italy, Portugal, Greece and not even talkiing about latvian countries. These are so called developed countries when they arent. These people are extraordinarly in crisis during this recession. You have two so called developed continents where more than 50% of people are living paycheck to paycheck and genz and millenials are out here consuming like maniacs. Emerging middle class saw the prices of houses go up in the last 7 years and enslaved themselves in credit believing it was a sure thing. And now theyll be 10 years attached to a house and a simple job because of this recession. Since the economy is being runned on lack of financial education you know theres no other chance than establish mesures in terms of employement and capital injection. Its the only way. Look at the marriage rate and singledom. People are living way above their means and thats the problem. I believe we will have a stagnant economy for the next 3 years or more if radical mesures are not taken.
.credits to Colleen Rose Mccaffery, one of the best portfolio manager;s out there. she;s well known, you should look her up
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less than $150k per year, but nothing to show for it yet
$145k goes into groceries, housing and other essentials. Sad but that's the America we live in today
i hate to break it to you my friend but I think a little advice here might come in handy. If you are looking for ideas on how to improve your finances, youtube comments is not a good place to look. I have been investing in the financial markets for 20 yrs exactly and I can tell you this: taking a financial action based on a financial advice gotten from youtube ends up badly. Get yourself a financial adviser and say bye to speculative investing, if you do this long enough, you my friends will be rich. But if you insist on otherwise, good luck!
@@manylinkz.lining Absurdly good advice. Can you fill me in on the name of your advisor and how I might reach out?
@@alexanderfinlay9639 Like I said, I have been in the fin. market for two decades and I have had the opportunity to work with just 3 FAs. I commend Kathleen Carole Yanelli without any reservation. not only does she have excellent communication, interpersonal and listening skills, she has a track record of exceeding her benchmarks. Not absolutely sure she's acceping new intakes but you give it a shot. I'm sure she'd have a Web page if you'd have a look. NOT A FINANCIAL ADVICE.
@@manylinkz.lining thank you Jesse. I just looked her up with the hope that she can help
Recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
Keep this in the back of your mind. There are good days and bad days. It's a zero-sum game, but keep this advice in mind: spend wisely, invest wisely, and diversify your holdings so that when one performs poorly, the others do as well. This can be accomplished by hiring a knowledgeable specialist whose platform provides a wide range of investment options. By doing so, you leave little room for regrets and may even gain more.
With the assistance of an investment advisor, I was able to diversify my $401k portfolio across multiple markets, earning over $980k in net profit from high dividend yielding stocks, ETFs, and bonds in just a few short months.
That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?
My Financial adviser is ‘’Helene Claire Johnson’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
He’s 93 and sharper than so many people I know and I’m 24. I hate to see him look and get older, he’s a role model and a grandpa to so many young investors out there… Wish him health and strength
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
@@carter3294 There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
@@carter3294 you do realize the market never came back fully after 2012 right? banks lost a lot of capital from businesses then and started renting repo's then to offset capital. i am no rocket scientist but there is more houses for rent to own than to buy for a reason. which doesn't look good for the business markets. propped up housing costs is just burying consumers and companies. your thought is the market never goes, well if banks don't take the risk on businesses, there is no market. be very careful and do your leg work
Making money is not the same as keeping it, there are a lot of things that aren't well taught in schools. The market crisis gave me my first millions, when people stayed away from hard times I made the most of it..many credits goes to Sir Zach Micah Demers
This is superb information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this? Do you trade on your own?
Not at all, I invest with Sir Zach Micah Demers. I have been monitoring my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
Scam life
@@Infinitetrucker That's incredible. I previously invested with Sir Demers' cousin in Manhattan. He earned me a jaw dropping $1 million in half a year allowing me to retire. His name was Bernard Madoff.
artifical intell
Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.
Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with ''Helene Claire Johnson'' for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
I think I have heard about her before too, but I can't remember which news outlet. I'm checking her out now. Any idea if she can help transfer an existing portfolio in a mutual fund?
The best way to describe the present economy is 08' 2.0. Yes stocks are at a discount and things will eventually get better but my monthly living expense is up $3750 from $1600 and I'm left wondering what retirement have in store for me 5years down the line, I'm ill-prepared tbh, my 401k gains are zero-nothing and my stock portfolio?...OH WELL
Find an approach to gain from the current market conditions; we appear to be heading in the same path as Venezuela, which will be bad for everyone.
The uncertainties accompanying this present market is more reasons I have my daily investment decisions guided by a portfolio-coach seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $800k in return on investment, since using a coach for about 2years.
I know investment-advisers can be very constructive which aids investing, but are they really that good as ya'll make them out to be...Mind if I ask for recommendation on this coach that guides you?
They are actually...credits to Eleanor Annette Eckhaus, one of the best portfolio manager;s out there. she;s well known, you should look her up
Thanks for this tip. Her website popped up on the first page immediately I searched her, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon.
Didn't Charlie Munger and Warren Buffett invent the strategy of buying/investing when the market is low and also buying/investing when the market is high? As Warren Buffet said, he has seen this happen many times in his life. Not an investor. My wife and i never earned more than a middle class salary. We plan to get retired at 58 with a stock portfolio worth $4M. We have never sold so much as one share of stock...
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing....
@@Aziz__0 i've been doing this same thing myself. Can't get into trouble with the IRS when I have no income and all my money is in stocks. I don't like doing the work though. Lol. So I just invest through an advisor who does the stock picking. My money grows, and I'm tax-free...
@Margaret -Have you heard of "NICOLE DESIREE SIMON? She gets featured regularly on CNBC. I myself use tax-deferred accounts to hold my investments. That way I avoid capital gains taxes. There are other options your advisor could brief you about....
Maybe you can try some other investment products. Stocks need to be held for a long time, and they are easily affected by many factors.
I love your interviews Becky! Especially with Warren or Charlie!😁
In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.
You might also follow a lot of other fascinating stocks across other industries. I'll advise you to work with a financial advisor who can assist you decide when is the best to buy and sell the shares or ETFs you want to acquire since you don't have to act on every forecast.
@@trazzpalmer3199 I've been talking to a coach named Maria Juliana Ramirez for a long now, mostly because I lack the knowledge and energy to deal with these ongoing market circumstances. I made more than $220K during this slump, demonstrating that there are more aspects of the market than the average individual is aware of. Having an investing counselor is now the best line of action, especially for those who are close to retiring.
@@graceocean8323 we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
@@tampabayrodeo2474 My Financial Advisor is MARIA JULIANA RAMIREZ. I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can run a quick online research with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so.
I'm literally holding onto straws right now, so your tip couldn't have come at a better moment! I plan to call her after doing a quick internet search for her.
It was Galbraith who said, "Economists predict, not because they know, but because they are asked."
Also, “THE only function of economic forecasting is to make astrology look respectable,”
It's impressive how a 92yo man is that lucid and still working on a daily basis.
Yes, with AI and CGI tech at a finger tip of a 6 year old, I can make him work till 892 years old. Has anyone ever called you STUPID?
@@alialexander8098 frig off randy
An economy so strong......even McDonalds is laying off.
🤔
Economy is very rough right now for a lot of people. Every person I’ve talked too mentions how expensive everything is. Can’t afford a house, can’t afford rent, can’t afford food. Gas is too high. I am not sure how all of this ends?
Fantastic to see the oracle still delivering razor sharp analysis as always. The guy is a living legend and not only because he’s the most brilliant Investor of all time but because he outlived WWII and the Great depression. These times wont phase him.
❤the entire message here is to be a business owner. Learn the fundamentals of business and don’t get distracted by the “newest shiny object.” Warren wins because he stubbornly refuses to deviate from business fundamentals.
What a financial genius and a gentleman as well.🇺🇸🐻
Why don't you guys ever interview American workers? All you talk to is billionaire business owners and investors. It's almost like you do it on purpose, only telling one side of the story.
It’s a business channel though. Their audience mainly likes to follow businesses.
@@Triquetra15 Which is how you can get situations like prior to the crash - a company's numbers looking fine on paper but in fact they are based on a BS reality. Keeping your eyes open when out and about, and talking to the "common people" lets you feel the zeitgeist much more than reading company reports and watching news channels obsess over the latest irrelevance. They both have a role - and business channels should reflect that.
You need to watch CNBC with skepticism, when news get to CNBC is already to late, also they like to do ads disguised as videos.
Do everything the opposite way of Jim cramer😂
Be quite when the oracle speaks
Legend!
Always great to hear what the Oracle has to say and great to see him back in the spotlight..
If at 92 if i am as strong and going as Mr.Buffet..i would consider myself very lucky
Full link to interview?
Probably by subscribing to PRO CNBC
GEM. For CNBC
Warren Buffet bought GEICO and when I renewed they almost tripled my rate from 36 a month to 98 a month.
I went to State Farm and they gave me my original 36 dollar a month rate.
With GEICO for 13 years no accidents ever. one glass claim.
Insane.
Only For Warren Buffet 👍👍💸💸💸💸💸💸💸💸
Basically hes saying as an investor or businessman there is no benefit in considering the economy in your decisions because its impossible to predict and impossible to control.
Buffett once said imagine if somebody came up to me and told me not to start investing because there will be two world wars and a pandemic.
All we as investors can do is analyse for good businesses and track their stock prices. That’s it.
Well put. Keep an eye on the financial forecast and just keep pushing. All we can do
You can tell by his speech pattern Warren is getting old. Hope he is with us a lot longer 😊
Thanks!
Now BTC is definitely the bellwether of all cryptocurrencies. Since last month, BTC has been rising continuously. Many people understood the trend and accumulated a lot of BTC. Joining now is the best option.
Warren, to lady reporter, "I like figures!" You go, Warren!
$ losing it's ground. In my opinion, US Gov better starts tightening the balance sheet, let companies do their business and taxing them less, stop diluting existing $, and regulate foreigners' home purchases or tax them a lot more than right now. You cannot keep spending money on BS, diluting people's saving and expect others to do nothing.
Warren to the moon…. legend in Japan Lol🎉
I love this guy!
During the interview, Warren Buffett discussed the challenges faced by many businesses in the US economy, citing increased competition and changing consumer behavior as contributing factors. He also acknowledged the impact of the COVID-19 pandemic on the economy, particularly the service sector.
From an economic perspective, Mr. Buffett's remarks highlight the ongoing structural changes in the US economy, driven in part by technological advancements and globalization. These changes have resulted in increased competition and disruption across many industries, requiring businesses to adapt and innovate in order to survive.
However, it is important to note that not all businesses are affected equally by these changes. Some are better positioned to adapt and thrive, while others struggle to keep up. As such, it is important to evaluate the broader economic landscape and identify areas of potential growth and opportunity.
Overall, as general advice would be for businesses to stay agile and adaptable in order to navigate the ongoing changes in the US economy. This may involve investing in new technologies and business models, as well as exploring new markets and customer segments. Additionally, it is important for policymakers to support policies that promote innovation and economic growth, while also ensuring that the benefits of these changes are shared more broadly across society.
If corporations hadn't been price-gouging in 2022, the business world would have kept steady progress going.
With a global pandemic, we’re in unprecedented times. No one-not even buffet- has ever seen this so he doesn’t know what’s going on with the economy. Things will happen the way they’ll happen. No one can predict this outcome.
Listen between the lines. Sir Warren knows that much of the investment community looks to him for market cues. He is straining hard to find just the right combination of words that gloss over the facts., which are mostly frightening. He is very careful not to sound the alarm bells. But I think he hears them.
"If you don't take care of business, business will take care of you." Gene Simmons
Great video! The recent economic data is truly impressive. It's interesting to see how uncertainty over inflation and the U.S. stock market is at a crucial crossroads. Despite growing concerns among investors, the economy shows signs of resilience which could help Bitcoin remain stable. Surprisingly, the crypto market has been moving in the opposite direction of the U.S. stock market. BTC and the Nasdaq have turned positive for the first time in two years. With the sentiment changing fast, now is the perfect time to get into the crypto market. I've been trading for the past 6 months, and Ryan Donald brilliant trading approach has enabled me to amass 11 BTC. In this field, he is a genuine visionary.
He's available on telegram.
@Ryan4coin THAT IS HIS USER NAME
😂
Ryan Donald is a convicted felon for scamming
Warren buffet is one tycoon who actually enjoy doing good business, he enjoys the mental challenges that come with it... I see my futureself in him
Basically! Block out the noise!
Legend in Industrial era, but this is Digital era now
By the way in case you missed it Warrren has been running Berkshire for 58 years:)
Stop asking the man to predict the future, nobody knows what’s in store for us
Are they
I love the song CHEESE BURGER in Paradise.😊
What has planned obsolescence done for the economy since Sputnik? Economists do not talk about the depreciation of durable consumer goods. Look up NDP, Net Domestic Product.
Demand Side Depreciation does not exist in their equation.
God help me I knew he was going to say "Honky Dory" Am I that old?!
Good night 💤😴
3:47 onwards ❤😊
Investors book suggestions ? Anyone?
Hope Warren is doing well
The ultimate bull will never answer the resesion question . Times are always good 😊
Max was here
High majority of insurance company stocks have peaked and ripened.
Interviewer thinking, “This guy in front of me has more money than he knows what to do with”
It's not inflation, it's greed.
I love u
Insurance sales are way up
😅😅thats biz about thanks your advice
Relevance
Not in the insurance business? Didn’t Allstate get downgraded to BBB?
she’s definitely doing extra work for warren buffet 🙃
Insurance like car insurance
Geez. NBC is bringing out the big guns to calm the market.
The Coca-Cola and sees candy diet is catching up to Mr. Buffett.
Its ok GEICO has him covered 👍✨
5 holy gears are good for each land and the whole wide world.
PaRus.Making our world great again.
phrases
¡¡ATTENTION!! If people want real data look around you, at least the people around me are living day by day. One small bump will destroy them.
B2C is pretty much terminal up to this point now
Damn she sounds like the literal female voice of buffet himself 😂😂😂
I am sorry but Berkshire has scored an egg 🥚 in ESG goals. Climate change will make them falter too. It's a matter of time.
You are wrong on this one
@@DasMirror many countries will suffer. Your Berkshire Hathaway does business with many 3rd party business partners from these countries. Don't think your Berkshire is aloof. When the plane goes down, even if you are traveling business class, you would find yourself clenching your teeth and praying to God. Only time will tell! Just wait!
you are sorry
expressions
I love how Becky keeps asking Warren for macro predictions when she knows that he doesn’t make predictions. She is just doing her job, but it’s annoying. 😮
Since when has it been our President's job to give our industry and jobs away to foreign countries?
And now, back to the economist to give their economic projections that are always wrong.
He is always saying without saying...
How abt be the first of the rich to pay their share of taxes! Be the pioneer and save the US economy! Hence save the poor!
Outside of the West, there are two types of cultures: 1st one is India's culture, which is to talk more and do less. 2nd is the Chinese culture, which is to do more and talk less. you can see the Indians are very comfortable in the US, while the Chinese are not. But on the other hand, the Chinese build their own country very well, but the Indians could only make it outside their country. A big-mouth culture can not win.
58 years and never found economic forecasts any good. .....thats cause they are not any good...people need things to write and talk about...for some it is their job. What worries me is why are people wasting their potentials and energy in things that are not any good. IT IS NOT GOOD FOR THE WORLD.
wea are audit o audit
Bacc in Japan after 12 years of no visits. 🤔
Wow, his age is really showing.
Not really
😢
He 92 years old
He’s starting to show his age.
Instead of taking about how "businesses" are doing he should be taking about how "consumer's" are doing. Businesses are doing just fine, raping customers with inflated prices.
V Korei kriza ne exituje
He is a phony. He says his secretary pays higher tax rate then him. He can do something about it, he has influence over lawmakers and can help change laws but he sits on the sidelines and benefits from the laws. It is because he doesn’t want to change that.
A little out of touch. Real services are down 50%, covid to date. Bottom line.
Is that women Buffet's wife???
Ang hirap isipin Kong Anu Ang totoo ginawa mo na nasira ka kc ung totoo walang naniwala Sayo sa PAG sira sayo
Can anyone please recommend a financial advisor for me? I have two rocks and a marble. Each and every single one of these videos has countless threads with the names of financial advisors, in fact I sat here and counted how many, there are exactly 900 octillion of them. Please tell me who to give all of my income to immediately to become rich in 4 days!
He keeps saying the same stuff for decades, and I happened to understand what he said by watching a interview video of a famous Chinese investor, Yongping Duan. So I started to invest in stock market last year. Now I am happy to enjoy my invest journey for many years.
US economic is become so bad since like 2008
The US dollars is lowest level to against any currency in the world
They keep increasing interest rates and say make better strong for economic but they destroyed US dollars and economic is down track.
All Banks are crashes, US government go wrong track that those inside government control think they are did right, but they make hard for working people, prices foods are high, now real estate prices highest level to rent or buy.
US dollars is lowest history against any currency money in the world.
this worst of dollars money.
There is a difference between desiring and stalking and abusing with weapons. I never intent to steal others mans women, I never intent to stalk a family, victimize husband, and steal women but what is happening to me is this in India. I may glimpse at beautiful women but almost 100% man stare at beautiful women.
Not many years left in this guy , he just rambles a whole bunch of drivel these days
its all to do princess with my friends in squater camps in natal south africa all they had was an anc african national congress card there hope was alive one reason there is lots of reasons why i asked for one and a half million council houses there is two million in south africa being built there is your answer princess luv your mike
Love Mr. Buffett. These fake guru grifters are circus performers. Lol
He lost his happy smiles n his body language shows he is moving out of his own idea n knowledge at very first time of his carrier.
Probably jetlag, i mean which 92 can travel Around the world like he does