I always love when Becky Quick, who seems to have an exclusive arrangement with olde Warren, pulls him out from the woodworks, for an interview, during times of crisis. So here we are, the markets within spitting distance of an all-time high, the world on edge due to Russia, and olde Warren says to ignore The Ukraine. His track record is unmatched. His genius has been documented, even though he’s stupid enough to drink Coca-cola every day, and chew on cheeseburgers in his spare time. If I was a jerk off, right now I’d say “but I digress.” However, I am not and will spare you from that nonsense.
At any rate, Jim Cramer agrees with Warren. This is “your opportunity” to get long, following Friday’s dip.
This is crazy talk from people with net worths higher than 99% of the world, in Warren’s case 100% of the world. For the average Joe, the guy reading iBankCoin from his housing tenement shared computer terminal, this market spells danger. You should be concerned with world events, as they have a way of affected the lives of real people (yes, Germans are people too). Even if the end result is a lot to do about nothing, there might be some face jarring volatility in the interim, the sort of downtick that all but wipes out the guy leveraged into World War (oh, that would be me).
Warren Buffet will probably be right. But he’s biased, with most of his net worth tied up in the market. Trade the market in front of you and be patient when everyone else is panicking. The first flush is rarely the big one, if that makes any sense at all (it certainly does not!).
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He will probably be right, but who can afford to take that chance?
I won’t take his bet, but after what I saw him do in 2008, I won’t question him either.
So the name Warren means “animal enclosure”. http://www.behindthename.com/name/warren
Is he trying to trap us and our money?
That made me laugh. I don’t know why
seems aprropriate , he looks half old turtle half pachiderm
Outside of buying some puts for a hedge maybe a good day to do nothing.
second that .. i’m not selling a cent of my holdings ( today ).. Russia invades Crimea but no one fires , no kills .. could even be an overall good thing for what i know about ukraine, and crimea ..
sure the man ( putin ) is a greedy strategist and he know what he’s doing
Russia taking over Crimea or even Ukraine will not hurt our economy much. But the sanctions we impose will be painful.
he took ieverything into account , thrust me , this invasion ( not a war …) is a chess game , putin knows the move of the others and sure he’s made the first point
I agree with 99% of Warren’s ideas in general, except he is WRONG on subtly opposing a minimum wage hike to $10.10.
He want to expand the Earned Income Tax Credit instead.
To this I say Warren is Talking
His Book, since he has invested heavily in fast foods and soda pops. I say why should taxpayers subsidize Coke and McDonald’s (and Warren) rather than have them pay a fair wage, and get people OFF welfare and EITC!
In fact I think we should go to $12 an hour by 2016.
Who needs Warren Buffet when you have the PPT?
Buy the next oversold signal, it is coming.
Don’t worry Ukraine, if the USA doesn’t help you, you’ve always got France and the rest of Europe… Bwahahaha!!!
This is Europe’s problem. Let THEM solve it.
Fly…do you have a target price on ARGS?
$15
Thanks!
Perhaps Italy has decided to send ‘Luca Brazi’ to Moscow and frighten the Russians into behaving?
Napoleonic Syndrome
How ’bout something akin to the Marshall plan involving the shipment of our crude and LNG to Europe? (at a profit, of course) That would cause some sort of re-calculation for sure.
Tiny Jim is pumping his new book. How the fuck can he be an honest talking head on the tape?
The ghost of Haynes is turning in the grave.
Germans are people too …haha that made me laugh
Nearly all the wealthy will be eating on china for the rest of their lives, regardless of bumps in the road. That’s a different mind set from the middle and lower economic classes. They could die in poverty, sickness and despair in a SRO hotel.
It is well known that when compared to the wealthy, middle and lower income people spend a much greater percentage of their income on basic living expenses. Someone who spends 25 percent of their fixed income on groceries is in trouble, fading away.
US savings rate is down to 4% but how much of those savings go to the bottom two thirds or so? Unless we get some capex or a big push from overseas I see the US economy stalling next year. Assuming our dumbass Govt stays stupid for the next year, Fed is all in, we’ll ride ZIRP into the next recession…scary thought.
The eurotrash are planning on all whining in tandem. For the win.