WARREN BUFFET GIVES SOME SOLID ADVICE ON BUSINESS AND INVESTMENT CHOICES

Warren Buffett gives some solid wealth gathering plans on yesterday's Berkshire Hathway's annual shareholders' meeting.

WARREN BUFFET GIVES SOME SOLID ADVICE ON BUSINESS AND INVESTMENT CHOICES
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On SPACs: “It’s a killer. The SPACs generally have to spend their money in two years as I understand it. If you put a gun to my head to buy a business in two years, I’d buy one. There’s always pressure from private equity funds.”.

On selling some Apple stocks last year: “The part it plays in their lives is huge. A car costs $35,000 and I’m sure with some people if you asked them whether they wanted to give up, had to give up, their Apple, they’d give up their car.”.

On their relationship: “Warren and I don’t have to agree on every damn little thing we do. We get along pretty well,” “We have never had an argument in 62 years. Not that we agree on everything but we’ve never gotten mad at each other,” 

On Airline stocks: "I think the airline business has done better because we sold and I wish them well but I still wouldn’t want to buy the airline business.” 

On Stock picking:  “There’s a lot more to picking stocks than figuring out what’s going to be a wonderful industry in the future,”.

On Index Funds: “It tells you that capitalism has worked incredibly well, especially for the capitalists ... The world can change in very, very dramatic ways, the best way to invest is via index funds" .


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