Warren Buffett on banking crisis fallout: No one is going to lose money on deposits in the U.S.
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- Berkshire Hathaway’s Warren Buffett joins 'Squawk Box' from Tokyo to discuss the banking crisis fallout, and the role FDIC plays during a bank failure. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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@@judynewsom1902 Inflation is over 8percent. The stock market is down 20% this year. Keeping my money in bank could be no good but inveesting is riskier, I wish to find better value deals as asset prices keep decreasing but lack the knowledge, mind if I look up your adviser? I admit this is the only way for amateurs like myself
@@mohican-jx6fx The person I work with is KAITLIN ROSE STERNBERG. She's proven really proficient for me, to be honest. You could look her up yourself if you want.
Looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her. Fair enough lol
92 yrs old and still running strong! Hopefully we will have more people like Warren in coming years
Nope.
Last of his kind.
😢 my heart is melting. Time has no mercy. He was my role model for many years. Hope that he can help pull us out once again.
Last dance
very difficult to understand him. somewhat rambling?
We will, when I make it and get old.
i fell like his ability to answer a question quicky and concisely is 0% I forgot the question by the time he finished the answer. 110% respect to the man though.
That's why banks call him for advice and your phone stays silent except when it's your wife's special friend
Fair bit of obfuscation there. That was basically a "your money is safe" answer after avoiding talking about what is going on.
Buffet looks like a kind old man, but back in his younger days, he was a ruthless businessman.
If you want to achieve something, you need to be ruthless!
seriously world need to figure out how to win over aging .... this guy deserve a second time
Bio-tech companies are working on it, need to be born with new genes 🧬
W comment, I was thinking about the same thing. Truly the best investor of our generation!
lol why?
@@trustme2674 learn more about the man. Pretty obvious
@matmaism what I learned was that a lot of people lost their jobs because of this man, and of course he made a lot of money off of it.
What happened to SVB is really scary, and goes to show that no corporation, however big, is immune to collapse. I have always had a deep-seated mistrust for corporations. I have plans to pull out most of my money, but don't know what to do with $ 350k sitting idly. I'd like to go into the stock market, maybe. Any ideas?
All big corps are just a cohort of centralised system working together, and any damage to one can have a dangerous ripple effect on every other one. I learned a long time ago to not trust corporations. Most of my money is in the stock market and my businesses. I keep only what I need to spend in my checking account.
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $ 280k in the last 4 months by investing through my FA.
I've heard similar success story from people who work with advisors. How do I get in touch with yours, please?
There are many you could potentially find online. I personally work with DEBORAH SUE BOHN, and she's been spectacular. But there are also many others you could check out yourself.
Thank you for sharing. I just Googled his name and his webbsite came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes.Thanks
The real underlying reason regulators allow banks leeway to decide what’s Held to Maturity is they need banks to buy government debt. If everything was marked to market all the time, you’d give banks much less incentive to mismatch assets and liabilities in the way Buffett is talking about here.
I tend to disagree with Warren Buffet @5:40 with the banks never costing the federal government a dime . The TARP program in 2008 cost the taxpayer 700 Billion to bail out banks and rewarded CEOs with big bonuses for their failure.
"The poors just don't understand anything" - Warren Buffet
So kind of Warren Buffet to help us understand how safe is money in bank critical to paying utilities and necessities of most people in US.
"Banks never cost Federal Government a dime" - WB .just WOW
you know more than him, Karol.
technically correct as fundamentally the cost flows through to the public
When Warren Buffett speaks, I listen! I do not admire anyone in the world more then him!!!
Find better people to admire
Jesus Christ comes first, my friend. Never forget that.
@@ricardofrancia8825 like??
Warren the OG Shill !
I’m glad we were able to bail out those 10 people at SVB.
This is false becsue if a normal bank in a rural area fails then people with over 250k will not be compensated
put your money in more than one bank. or keep some amount in stocks or bonds.
I would like anyone who reads this to consider this assumption. Warren Buffet wants you to invest in index funds and keep your cash in a savings account not because he has your best interest at heart, but instead because he wants to remove uncertainty from the markets and keep stocks going up and prevent runs on the banks.
He wants people to invest in Index funds because it's the safest for most investors, and a guaranteed way to be wealthy.
Indeed. He is in Japan to see what may be done to keep the global economy from collapse if/when the yen gains strength on the dollar when the Fed pivots. Learn more about this potential risk though potentially small the impact would not be. th-cam.com/video/wVP3W8ttYxk/w-d-xo.html
27% of Berkshire's book value is in cash. I am pretty sure he wants stocks to go down.
He wants people to invest in index funds because the average person isn’t savvy enough to select good businesses.
I wanna know why the FED balance sheet shot up after the SBV collapse? The FDIC cannot come close to covering all depositors so did the FED step in and provide liquidity? If so then what Mr. Buffett is saying here is highly misleading
It would cause hyperinflation, more on considering the U.S could wait until last minute to avoid a default and get downgrade or some countries selling.
Think is part to launch de CBDC.
I wonder why, as a bank, you'd write and worse own mortgage securities paying under 4%? Why would you have done that in 2020-2021? The interest rates had only one direction to go.
Hey guys, is it my headphones or is there something wrong with warren buffet's voice or his mic? I hear a weird bird like echo when he talks.
💭🔦 thanks again 😋
Put out more warren buffett vids plzz
That difference is huge trust me
NEVER COST A DIME?....oh boy...were in trouble
A gift to current generation- Buffet.
@Albert Bundy believe me, just follow him and you will get rich. Crypto is crap.
Bonus should not be paid on yearly basis for those top management! It should be based on maturity of the instruments.
It's great to hear Warren Buffett's positive outlook on the safety of deposits in the United States. However, it's important to keep in mind that investing in any financial institution does come with certain risks. As you noted, it's crucial for individuals to conduct their own research and due diligence before choosing where to place their money. It's also wise to diversify investments and not solely rely on one institution. By taking these steps, individuals can make informed decisions and better protect their finances.
Yeah because the fed has basically guaranteed zero loss on treasuries that banks bought. Banks that buy a bond right now can flip it over to full end distribution gains at the expense of losing the duration interest. It's a prop job of the banking sector 100% and the fed has said it's a 1yr loan meaning rates will likely be lower if not 0 in less than a yr from now.
Good point
In Europe we have a universal EU-wide bank deposit guarantee for up to 100K euros. I wouldn't put my savings into a bank that doesn't have a deposit guarantee.
The USA does not even have universal health care or consumer protections like mandatory 3 yr warranties on electronic products like much of the developed world yet, they are backward.
what would you choose to invest in
Y’all know this my guy right…
Warren Buffett should save the USA since he makes so much money of USA
long live buffett
Protect Mr. Warren Buffett.
Hopefully, he lives at least another 100 youthful years...
I didn't understand this until this spring and I'm pretty informed
Those who claim they're well informed, intelligent, etc. are usually the exact opposite.
Investor trade makes money, but all money in the fed, its not pay back,
92 wow , Superb life
First time I've really heard Buffet struggle through an interview like this....
😢😢😢😢
Getting pretty old :(
His most recent annual meetings he sounds like this it’s his old aging.
struggling? bro hes 92 years old, most 92 years old cant even speak!
*"nothing we can't inflate away! All is well!"* #got_it
FDIC will raise rates on banks and banks will raise rates on customers so who pays for the failure?
"Banks have never cost the federal government a dime"... nice greetz from dementia!
They didn’t though. If you’re referring to 2008… the banks paid back all of the capital approved by congress, plus a lot of interest.
The fdic is the us government. Who back stops the fdic, who loans the fdic when claims are larger than assets? The fed / gov
His happy smiles gone,I think he is not happy in his inner mind.
I want Snowball 3
no reason to worry, this from a man who worried and sold his banks. when they say dont worry is when you run
Gorgeous Becky Quick...
Will * PSNY... Polestar Cars Continue to Gain in April as More Global Investors Learn of The Future EV Sector Leader. ? Already Up 12 % in 2 Days.
Grandfather, you are already old and you sold your stake in TSMC after only three months of investing. It's possible that you were right up until now, but now you should worry about your health and realize that your investment decision was wrong.
They hate overseas investor,
Bullcrap I no confidence in banks or investing.
Banks dont have money it cant be more easy to explain 🤷🏻♂️
Oh good banks wont pass this crap to the consumer 🙄 does anyone really believe that?
Pride of Omaha.
“People shouldn’t worry” meanwhile sells bank stock
Great guy .. take notes all you millionaire/billionaires out there to invest into longevity research and technologies otherwise you can’t take with you and this is result
"No one will lose money" what a load of BS.
Is it me or Warren having a little trouble speaking, wish him well.
I really need subtitles ahaha :D
🤦🏻♂️ who’s the (F) K do you think pays better bank fees? FDIC Basically that’s a claim on insurance watch your insurance go up.
It seems he was asked to say something that he doesn’t believe it. It is obvious from his hesitation and body language. He tried to made up his previous statements about banks being an influencer. He ran with his dollars to another market 😢.
My humble advice is to invest your money in real assets instead.
All app they do only for American id use only, why not one world hate to use dollar, its not friendsly to investor use for grow all in free move, not need they give Dead Road only, investor have own book fort folio,
Mr. Buffet buy all crypto companies for only 5 billion and dismantle them. Have disclosure they will not make another company. Berkshire becomes 1 million stock per share from 500 K. The stock market and jobs and America will become the Greatest it's ever been and You will double You Money :)
When I will become rich I will prefer to become like Elon musk & not like Warren Buffett cause I need to contribute in the generation well-being for current generations & future generations...any opinion ask
Warren is looking a little more frail, and that saddens me. He has made
millions of people very happy.
Amazing how Buffet can talk so much and say so little, no specific illustration , just generalizations that really don’t educate us.
Just wow. This guy becomes more bumbling by the minute.
I wish he was the American president just shows a 92 is still sharp but some 78 year Olds get dementia
Is it me or is someone wearing and listening to an IFB?
Stop lieng to the people
This is when the rich bankrupt the people and buy all the shares for pennies on the dollar!😂
Wa
He doesn't know how much bread cost or a carton of eggs ... He's a clueless old man with advisors around him
Buffet running out
Нет веры тебе
Everyone Remember that the FDIC discussed using "Bail ins" i.e. banks use depositor's funds to rescue a bank in times of turmail. Ultra wealthy will not loose deposits, 95% of Americans can.
“Lose”
@@davidkennedy8929 Looser
I want to know why he is suddenly buying large stakes in Japanese trading houses atm...what sea change has happened to cause this.
It seems he was asked to say something that he doesn’t believe it. It is obvious from his hesitation and body language. He tried to made up his previous statements about banks being an influencer. He ran with his dollars to another market 😢.
CNBC isn’t sound advice for financial literacy.. 🤡🤡🤡
buffet is tho. munger too
Warren, explain this if you can. Why were banks doing just fine in the early 80s when interest rates were at 12 to 14 percent.................but when rates even hint at going over 5 percent now..................the banking system is on the verge of collapse.
@@joewest3901 do you know how many regionalbanks are, when I was studying on 2006- actually. TEN OF THOUSANDS.
Do the math.
👟😇👑🌏🌍🌎💚@undwallace
Global financial markets have been significantly impacted by SVB's demise, prompting investors to sell off bank equities hastily and reevaluate their interest rate expectations. I am a $350,000 investor who is at a crossroads and wondering if it is wise to hold onto securities that are losing value. I want guidance on the best approaches to maximizing my returns in this negative market.
It is unlikely that the market will experience big gains anytime soon in light of the latest developments involving SVB, therefore it is prudent to set reasonable expectations and get ready for a potentially protracted recovery period. It is advised to postpone making big investment decisions until the economic climate in areas of concern has stabilized. It is best to take precautions and stay out of the current disturbance.
During market downturns, investors should remain committed to reputable companies by maintaining or growing their investments, as well-managed businesses eventually regain their former strength. To find the best entry and exit points for long-term gains from stock appreciation, get advice from a financial expert. Gains from working with an investing advisor can be substantial, as was demonstrated during the pandemic when a gain of $530k in just 8 months was realized.
Could you kindly leave your investment advisor's contact information here? I absolutely must have one.
Helene Claire Johnson, a well-known person in her field, is my advisor. I advise further investigating her credentials.
I appreciate your advice. It was easy to locate your counsel; after pasting her full name into my browser, her website appeared right away. Before hiring her services, I did a lot of research on her. Her résumé suggests that she is knowledgeable.
Munger and Buffett have both achieved an incredible feat with Berkshire. They've turned thousands to billions, and have made a lot of people wealthy in the process. I really saw the potential of the stock market by reading Berkshire's annual letters. I recently sold my $674k apartment in the Bel Air area and I'm hoping to throw it into the stock market. I just don't want to lose everything.
Most newbies either do not understand the power of compound interest, or are just impatient. For the average Joe, however, I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-- lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter.
@@Aziz__0 I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000
@@MrGravity304 I'm actually interested in this idea of investing through an analyst. Sounds like the most sensible thing to do in the market right now. Could you give me a pointer to who you work with, please?
@@Harperrr.99 The person I work with is NICOLE DESIREE SIMON You may have heard of her. She's a big Wall Street name. You could look her up on the internet yourself.
@@MrGravity304 Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.
If bankers mismanage assets and take on excessive risks, and at the same time sell stocks before defaults in addition to paying out bonuses, why should they stop if they always get bailed out. These people belong in jail, if not expect more bank failures.
SBV failed for playing it too safe
The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. But all thanks to Florence Osborn for her amazing skills for helping me to earn 32 Btc through trading chart. I believe we are in the spring phase
@Florenceosborn
bot.
This guys brain just doesn’t expire. Legend
No one is going to lose money on deposits except for the purchasing power of those dollars losing minimum 10-20% per year
Thank You Mr. Buffett and Mr. Munger, - Uncle Warren and Charlie in Our House - for endlessly generous Communication, American Optimism, History, and Financial Expertise.
and as polite with the not so bright questions.
really now? we don't need to worry? this old man getting a bit delusional, huh?
I love when i watch buffet interviews you go into the comments and see scores of people giving their two cents as if theyre as smart as buffet or the average joe. I get it - leaving youtube comments (like this) somehow makes people feel validated.
Jupiter' Warren Buffer does not make all of the decisions, there is a board, and he is a part of that board. he makes money when the company makes money. Buffet does not created anything, he use others information to make money. Without the real smart folks, who create, fix, invent, and makes things work, buffet would be lost. Buffet could not make any trades without a geek.
The amount of discipline this man has is remarkable.
Damn makes me sad. Looks weak
What a joke!
He is lying. There's some element of truth, but as for banks and not benefitting from the federal Bank is a total lie.
But will the money be worth anything???
He is telling lies and minimizing the problems.
Bottom line is the bank customer pays for the FDIC. Insurance !
Don’t believe me ?
Take a look at your local bank fees
No but the value of the money will take a hit
your might still be there, i just won't be worth much in 5-10years!
Give you guys a tip. Play this video at x1.25 speed. Lol
People need to paid besides the banks never lose ever
that means all will lose money in deposites, except USA
"There's more and more of a worry that incoming data is showing that the Fed might be a little behind the curve than maybe they expected moving into this year," says Bipan Rai, North America head of FX strategy at CIBC Capital Markets in Toronto. In my portfolio, I'm noticing more red than green. How are other market players generating gains of more than $350,000 in just a few months?
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
@@tampabayrodeo2474 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.
@Finest Bear Hug It's run by Maria Juliana Ramirez, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
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.
no point to interview him anymore...
this guy is having a hard time lying like he usually does.