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  1. #1
    Pococuranté belamo's Avatar
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    If Warren Buffett

    ... were preparing for a global financial meltdown, what would he exactly be doing? would his worth be still worth that much? into what would he be turning it?

    I would have posted this in that other thread, but I reckoned there were more chances that I would get someone to read it and also post something RELEVANT to it in this way

  2. #2

    Re: If Warren Buffett

    His fortune is tied up primarily in corporate stock. It would be difficult for him to move enough of it to defensive positions if he wanted to. He public statements do not suggest that he has any such concern. He has always regarded crashes as buying opportunities.
    I do not share his confidence in the future of the new US, and I think out borrowing will eventually destroy our currency. BUT the only refuge is in hard assets. Precious metals, commodities etc. I have also bought some EFTs investing in metals, but, since you cannot withdraw the underlying metal, I do not want to put too much faith in themn the past I have thought oil stocks were some protection from market crashes, but as we become less dependent that may be less true.
    George Soros, as repulsive as he is, would be a better guide for protecting against meltdown, if you can find what he is thinking. If it occurs, he will probably have a hand in starting it.
    Last edited by Benvolio; April 10th, 2014 at 03:13 AM.

  3. #3

    Re: If Warren Buffett

    Its not like Warren Buffet is particularly good at predicting stock crashes, he's just one of the few people in the world with the ability to beat the stock market. That being said, if Buffet were to ever see a huge stock crash with no hope of return he's not exactly in a position to sell all of his stock. I mean if Warren Buffet announced tomorrow that he was pulling out of the stock market would you buy anything of his? I sure as hell wouldn't, not if he put it all up for sale anyway.

    I would expect a suicide from him in this instance. More would follow him as the crash happened, enough to make 1929 eat its heart out.

  4. #4
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    Re: If Warren Buffett

    ^ If Buffet announced he was pulling out of the stock market there would be a world financial collapse overnight.......

    That's quite a responsibility for one man.......I'm glad he is who he is.

  5. #5

    Re: If Warren Buffett

    He has lots of money to play around with. If there was another downturn he would look for bargains on the stock of Companies he figured would rebound. If he was down and out he could probably get a room at his son's farm house and do some weeding out in the fields to earn his keep. I don't think we need worry about Warren Buffet. As for myself and most of the people I know we have no money to put into the Stock Market to begin with.

  6. #6
    rip Angalifu
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    Re: If Warren Buffett

    Diversify into sticks and rocks.
    “Why is it that we rejoice at a birth and grieve at a funeral? It is because we are not the person involved.” ~ Mark Twain

  7. #7
    JUB Addict RaKroma's Avatar
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    Re: If Warren Buffett

    Buffet is old. He will have plenty of assets left to feed his remaining years even if he loses billions. The guy doesn't need to lose sleep over future stock market crashes. He has done well for himself in his life. The super wealthy withered the 1929 crash too while the rest were jumping off bridges or standing in soup kitchen lines.

  8. #8

    Re: If Warren Buffett

    Quote Originally Posted by RaKroma View Post
    Buffet is old. He will have plenty of assets left to feed his remaining years even if he loses billions. The guy doesn't need to lose sleep over future stock market crashes. He has done well for himself in his life. The super wealthy withered the 1929 crash too while the rest were jumping off bridges or standing in soup kitchen lines.
    No one is worried about him. The question was an attempt to learn what the rest of us might do to protect against the probably meltdown.We cannot continue to borrow a trillion a year forever and when the world becomes reluctant to accept our currency, the economy will crash.

  9. #9
    Know thyself kallipolis's Avatar
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    Re: If Warren Buffett

    ^Most of us concern ourselves with the more mundane matters of our daily drudge such as paying the rent, electicity bill, grocery bills etc. leaving the obsessive compulsive thinker to worry themselves into an early grave, racking their brains over matters that may, or may occur.

  10. #10
    veni, vidi, reliqui
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    Re: If Warren Buffett

    I imagine he will do what he has always done. Maintain investments in long term solid prospects in businesses that he knows have a built-in growth because of what they provide.

    In the event of a crash, I'm sure that his company is so well covered on the short and long positions that the movement is hardly noticeable in the larger scheme of things.

    Like the rest of us, he probably saw his wealth on paper shrink by about 25% to 30% in the crash of 2008/09, but as was pointed out, a crash is just another buying opportunity.

    If you are looking to the long term and have 5-10 years to recover your investment value...the massive financial upheaval is how more and more of the world's wealth has ended up in the hands of fewer and fewer people.

  11. #11

    Re: If Warren Buffett

    Quote Originally Posted by Benvolio View Post
    No one is worried about him. The question was an attempt to learn what the rest of us might do to protect against the probably meltdown.We cannot continue to borrow a trillion a year forever and when the world becomes reluctant to accept our currency, the economy will crash.
    I think that the United States is closer to getting its fiscal house in order. Yes there is a staggering debt, but the United States is owed a lot of money as well. I used to watch the Keiser Report on the RT YouTube channel. Every episode a gleeful exercise of pointing out the imanent disaster ahead in the financial markets. I am on a Disability pension in a Province that may end up with a Conservative Government at some point, that may adopt the familiar "Oh it is those people on Social Assistance that are dragging us all down and all our problems are because we are paying for their keep". That is what I worry about when you are on the bottom rung, and society is encouraged to turn a scornful eye at your very existance. Said Governments cut taxes to Big business and preach Trickle Down Economics. People on Welfare and Disability Pensions spend money too, it is not as if they live in a bubble or have tax havens to squirrel their money into. I am quite confident the people on the bottom rung, most of their money goes back into the economy.

    As for the United States the rest of the world will not let your economy collapse because let's put it this way. If the U.S. has the sniffles, Canada has pneumonia and is in the I.C.U. The world depends on the United States, and I am sure they would find a way to keep the ship afloat. I think the Countries of the world should gather and there should be a massive quid pro quo debt forgiveness meeting. Hopefully if there is a super rich super powerful group of people that is speculated about those losses would be on their books and it would be something that they have had coming for years.

  12. #12
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    Re: If Warren Buffett

    Who the hell cares? He once said he doesn't care about markets...most valuable thing he said (to paraphrase) was 'know the company you invest in and understand the business model'...

    If you can understand it great.

    Otherwise just forget about it.

  13. #13

    Re: If Warren Buffett

    Quote Originally Posted by rareboy View Post
    I imagine he will do what he has always done. Maintain investments in long term solid prospects in businesses that he knows have a built-in growth because of what they provide.

    In the event of a crash, I'm sure that his company is so well covered on the short and long positions that the movement is hardly noticeable in the larger scheme of things.

    Like the rest of us, he probably saw his wealth on paper shrink by about 25% to 30% in the crash of 2008/09, but as was pointed out, a crash is just another buying opportunity.

    If you are looking to the long term and have 5-10 years to recover your investment value...the massive financial upheaval is how more and more of the world's wealth has ended up in the hands of fewer and fewer people.
    You should have learned from the 2000 recession what to do so you wouldn't have lost money in 2008/2009. I did extremely well in 2009 when almost everything on Wall Street recovered while the rest of the economy went south.

  14. #14
    nf fbt funw glbhuof gmhp SLOPPYSECONDS's Avatar
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    Re: If Warren Buffett

    dead corpse or live corpse kind a same


    anyway

    thankyou

  15. #15
    Pococuranté belamo's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by SLOPPYSECONDS View Post
    dead corpse or live corpse kind a same


    anyway

    thankyou
    Oh, SLOPPS, you DEEPLY disappoint me with such an empty and crystal clear comment

  16. #16
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    Re: If Warren Buffett

    America is too big to fail, literally. When the 2008 economic crash occurred, thereabouts, countries were still buying treasuries even knowing they were paying us to invest in those treasuries.


  17. #17
    nf fbt funw glbhuof gmhp SLOPPYSECONDS's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by evanrick View Post
    America is too big to fail, literally. When the 2008 economic crash occurred, thereabouts, countries were still buying treasuries even knowing they were paying us to invest in those treasuries.
    not say nothin but no land planet cope wit weather ans no include da games supa rich folk play all ova world wit all life ans shit

    not news

    anyway

    neva nose human civlized lands world ova maybes figa stop be shit turds a uselss piss ans move on from livin dead meat

    thankyou

  18. #18
    JUB Addict RaKroma's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by Benvolio View Post
    No one is worried about him. The question was an attempt to learn what the rest of us might do to protect against the probably meltdown.We cannot continue to borrow a trillion a year forever and when the world becomes reluctant to accept our currency, the economy will crash.
    Seriously, if you're seeking these answers on JUB forums when the big shots on Wall Street and economists in the government can't get it right or reach a consensus. So if and when the ship actually sinks, you won't be able to do much unless you have your own aptitude the predict these things at the right time

  19. #19
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    Re: If Warren Buffett

    His best bet: land, lots of it, and loyal people to hold and run it for him.

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  20. #20
    Pococuranté belamo's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by SLOPPYSECONDS View Post
    not say nothin but no land planet cope wit weather ans no include da games supa rich folk play all ova world wit all life ans shit

    not news

    anyway

    neva nose human civlized lands world ova maybes figa stop be shit turds a uselss piss ans move on from livin dead meat

    thankyou
    Slightly better

  21. #21
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    Re: If Warren Buffett

    Ohhh I just love a buffet ...I bet you got something there...nyuck nyuck nyuck...

  22. #22
    Pococuranté belamo's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by cgymike View Post
    Ohhh I just love a buffet ...I bet you got something there...nyuck nyuck nyuck...
    Click image for larger version. 

Name:	pic0003001888884545_34534.jpg 
Views:	7 
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ID:	1038810........

  23. #23
    nf fbt funw glbhuof gmhp SLOPPYSECONDS's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by RaKroma View Post
    Seriously, if you're seeking these answers on JUB forums when the big shots on Wall Street and economists in the government can't get it right or reach a consensus. So if and when the ship actually sinks, you won't be able to do much unless you have your own aptitude the predict these things at the right time
    atfunny tey no got worry get right or not

    anyway

    here lifebelt version 23456 haaaaaa


    thankyou

    haaa

  24. #24
    Pococuranté belamo's Avatar
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    Re: If Warren Buffett

    OMG, SLOPPs, the topic of this thread (whatever that is ) seems to really interest you

  25. #25
    nf fbt funw glbhuof gmhp SLOPPYSECONDS's Avatar
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    Re: If Warren Buffett

    wallpapa?

    anyway alls dip lomats got name land goin to pin jacket so get lost follk no were send um

    thankyou

    _ so planet still flat then? _
    tittaaaaars

  26. #26
    Pococuranté belamo's Avatar
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    Re: If Warren Buffett

    Quote Originally Posted by SLOPPYSECONDS View Post
    wallpapa?

    anyway alls dip lomats got name land goin to pin jacket so get lost follk no were send um

    thankyou

    _ so planet still flat then? _
    tittaaaaars
    :-J.......

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