Warren Buffett: Why I HATE People Predicting Crash

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#shorts

[marktforce]

Buffet grew up pitching to old timers who saw the Fed and IRS created in 1913, saw 10'000 banks close up and countless people lose their savings, saw their entire stock portfolios wipe out over night coz of the great depression of 1929 and the housing crash of 33, ww2 in 1945, etc. This is important because the ones he canvased and pitched had lots of gold savings, and his job was to convince them to give their money to him so he could buy stocks (for a small reasonable fee ofcourse). Tough pitch to sell. I wonder how it worked out.

[elismith]

I think you put the wrong title on this one

[Satoshinakamoto]

I will never in my whole life sell my stocks i keep them because they give me plenty of cash

[GHEORGHEIONUT]

If you buy gold you have a solid deposit witch increases in value over time and never decreases. So if and when you buy gold you have an ensurance that it is stored in one of the few assets that do not decrease in value over time and still make a profit without doing anything. Plus gold can be used to move assets and can be used as a guarantee. But you can also make more profit if you invest those money.

[brianowens]

Gold isn’t for investing. It’s a hedge. To compare it to investing in a business is not an equal comparison.

[valueinvestingwithconnor]

Basically calling out Peter Schiff lol. I like them both though :)

[marktforce]

Best advice you will ever get...If it doesn't produce anything you cannot reinvest the earnings and compound your capital, which really really really really adds up after the first decade

[danmoscrip]

300 oz of gold is now worth $607, 560. Not bad for a $10, 000 investment. I'll fondle it for that. It did produce something, wealth...

[mikepaulus]

I have a small amount of physical metal, but I don't even consider it part of my investments.

[johnpatrick]

It's 100% accurate. It's gold; a precious metal. It will never invent anything, make life easier, get you from point a to point b, etc. Hell, you can't even eat it.

[ebaybasuki]

Buying gold is better than keeping cash. If you have the skills to invest in something else then do it.

[davidriverafitness]

No Warren he would have 800, 000 to 900, 000 dollars today.

[franknorth]

The nugget everyone should take away from the video clip is don't listen to the doom and gloom

[EdwardLadaker]

Doomsday gold the shock market crash in 1929 gold was the only thing that hold it value

[andres]

But gold is a good hedge against inflation. That's why you keep some gold in your portfolio.

[rosemarietolentino]

You only make money when you know how to use the investment tools properly. Any and all Markets.

[pedroabreu]

Yeah but gold isnt an invesment but an insurance
... and yes investing in stocks is the way but never forgeting my 5% of shinny rocks

[beeda]

Gold value has and will never decrease. So, investing in gold is a wise thing to do

[RUdigitized]

He bought a ton of gold last year he’s clever like that

[chanelchan]

this isn't viable anymore the signs are everywhere