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Berkshire Meeting: Talk About Investments, Inflation, Markets, and more

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Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice.</p><p>Tens of thousands of Buffett devoteeswere back in Omaha to hear fromthe legendary investorand Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO, scoop up discounts at a shareholder-only shopping day, and swap stories of their experiences following Berkshire over the years.</p><h3><b>Warren Buffett says inflation &#34;swindles almost everybody&#34;</b></h3><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway&#39;s first in-person annual meeting since 2019, Buffett went so far as to say the market&#39;s turned into a &#34;gambling parlor.&#34;</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation &#34;swindles&#34; equity investors, but noted Saturday that it &#34;swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.&#34;</p><h3><b>Berkshire’s first-quarter results</b></h3><p>Buffett proceeded with an overview of Berkshire’s first-quarter financial results, which were released on Saturday morning. Operating earnings after taxes rose less than 1% from the year-earlier period, to about $7 billion. The company reduced the pace of its stock buybacks, but Berkshire was active in purchasing other companies’ shares.</p><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, and bought $51.9 billion in other equities. The company also sold $10.3 billion worth of non-Berkshire shares. Berkshire ended the period with $102.7 billion in cash and U.S. Treasury bills.</p><p>“We will always have a lot of cash on hand,” Buffett said.</p><p>A question addressed the performance of Berkshire’s Geico and BNSF Railway subsidiaries relative to competitors. Buffett kicked it over to Jain, who oversees Berkshire’s insurance operations, and Abel, who oversees non-insurance operations.</p><p>Jain admitted that lately Progressive (PGR) has done better than Geico in terms of its profit margin and growth rate. He attributed that to the Berkshire subsidiary’s later entry into telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive. Progressive has years of additional data and experience in the business, but Jain said that Geico was seeing promising early results from its telematics policies, branded as DriveEasy.</p><p>Abel defended the approach of BNSF, which hasn’t been able to embrace precision-scheduled railroading as much of the railroad industry has.</p><h3><b>Berkshire is buying other companies’ stocks again</b></h3><p>The first question of the meeting was about Berkshire quickly becoming more active in the stock market. In Buffett’s 2021 annual shareholder letter, dated Feb. 26, he wrote that there were few attractive opportunities out there. Since then, Berkshire struck a deal to acquire insurer Alleghany (Y) for $11.6 billion, and scooped up billions of dollars of shares of <a href=\"https://laohu8.com/S/CVX\">Chevron</a>, <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and <a href=\"https://laohu8.com/S/HPQ\">HP</a>.</p><p>Asked what changed, Munger said: “We found some things we preferred owning to Treasury bills.” Buffett added, “As usual, Charlie has given the full answer, but I’ll still talk more and say less.”</p><p>Buffett explained that Occidental’s capital-return plans and higher oil prices in the wake of Russia’s invasion of Ukraine made the stock a buy, and that Alleghany was a natural fit for Berkshire’s insurance operations.</p><p>Buffett also said that Berkshire bought additional Apple stock in the first quarter. The company owned about 911 million shares of the iPhone maker at the end of March, versus 907.6 million at the end of 2021.</p><p>In February, Berkshire said that it owned about 14.7 million shares of Activision Blizzard (ATVI), which were acquired in October and November 2021. On Saturday, Buffett said that Berkshire now owns about 9.5% of Activision, or some 74 million shares—which were worth about $5.6 billion at Friday’s close. Microsoft (MSFT) has agreed to purchase the video-game developer for $95 per share, while shares have been trading in the high $70s and low $80s in recent months. Buffett expects the deal to go through—and for that gap to close.</p><h3><b>Berkshire isn’t buying back as much stock</b></h3><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, down from $6.9 billion in the fourth quarter and $27 billion for all of 2021. Buffett and Munger repurchase shares when they determine that their price is below Berkshire’s intrinsic value.</p><p>Buffett nonetheless extolled the virtues of stock buybacks for shareholders, pointing out that Berkshire’s stake in American Express had grown to about 20%, from 11%, over the years—without Berkshire buying any additional stock.</p><p>“Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres,” Buffett said. “If you do it at the right price, there’s nothing better than buying back part of your own business.”</p><h3><b>Buffett isn’t trying to predict future inflation</b></h3><p>“It’s extraordinary how much [inflation] we’ve seen,” Buffett said, referring to increasing prices at Nebraska Furniture Mart and other Berkshire subsidiaries.</p><p>Buffett believes that the best defense against inflation is to be skilled at what you do, and to produce a good or service that will remain in demand which people will be willing to pay for.</p><p>“The best protection against inflation is your own personal earning power…No one can take your talent away from you,” Buffett said. “If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.”</p><p>Buffett said that predicting future inflation is a fool’s game, and that no one can really know how much inflation there will be over the next 10 years, or 12 months, or four weeks. “Inflation swindles almost everybody,” Buffett said, whether they are a stock investor, a bond investor, or a “cash-under-the-mattress person.”</p><h3><b>Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’</b></h3><p>Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”</p><p>Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.</p><p>“Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”</p><h3><b>Corporations shouldn’t take political positions, Buffett believes</b></h3><p>The first question of the afternoon session had to do with companies engaging in the political realm—and whether they should take official stances on controversial issues.</p><p>“I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire,” Buffett said. “But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.”</p><p>People who get upset may take it out on Berkshire’s subsidiaries and employees, Buffett noted, which isn’t fair to those workers. “I’ve come to the conclusion that the answer is ‘No,&#39;” Buffett said.</p><p>Berkshire stock has climbed about 7% so far this year, versus a 13% decline for the S&amp;P 500.</p><h3><b>Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin</b></h3><p>Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance onbitcoin.</p><p>He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Meeting: Talk About Investments, Inflation, Markets, and more</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Meeting: Talk About Investments, Inflation, Markets, and more\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-01 09:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice.</p><p>Tens of thousands of Buffett devoteeswere back in Omaha to hear fromthe legendary investorand Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO, scoop up discounts at a shareholder-only shopping day, and swap stories of their experiences following Berkshire over the years.</p><h3><b>Warren Buffett says inflation &#34;swindles almost everybody&#34;</b></h3><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway&#39;s first in-person annual meeting since 2019, Buffett went so far as to say the market&#39;s turned into a &#34;gambling parlor.&#34;</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation &#34;swindles&#34; equity investors, but noted Saturday that it &#34;swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.&#34;</p><h3><b>Berkshire’s first-quarter results</b></h3><p>Buffett proceeded with an overview of Berkshire’s first-quarter financial results, which were released on Saturday morning. Operating earnings after taxes rose less than 1% from the year-earlier period, to about $7 billion. The company reduced the pace of its stock buybacks, but Berkshire was active in purchasing other companies’ shares.</p><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, and bought $51.9 billion in other equities. The company also sold $10.3 billion worth of non-Berkshire shares. Berkshire ended the period with $102.7 billion in cash and U.S. Treasury bills.</p><p>“We will always have a lot of cash on hand,” Buffett said.</p><p>A question addressed the performance of Berkshire’s Geico and BNSF Railway subsidiaries relative to competitors. Buffett kicked it over to Jain, who oversees Berkshire’s insurance operations, and Abel, who oversees non-insurance operations.</p><p>Jain admitted that lately Progressive (PGR) has done better than Geico in terms of its profit margin and growth rate. He attributed that to the Berkshire subsidiary’s later entry into telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive. Progressive has years of additional data and experience in the business, but Jain said that Geico was seeing promising early results from its telematics policies, branded as DriveEasy.</p><p>Abel defended the approach of BNSF, which hasn’t been able to embrace precision-scheduled railroading as much of the railroad industry has.</p><h3><b>Berkshire is buying other companies’ stocks again</b></h3><p>The first question of the meeting was about Berkshire quickly becoming more active in the stock market. In Buffett’s 2021 annual shareholder letter, dated Feb. 26, he wrote that there were few attractive opportunities out there. Since then, Berkshire struck a deal to acquire insurer Alleghany (Y) for $11.6 billion, and scooped up billions of dollars of shares of <a href=\"https://laohu8.com/S/CVX\">Chevron</a>, <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and <a href=\"https://laohu8.com/S/HPQ\">HP</a>.</p><p>Asked what changed, Munger said: “We found some things we preferred owning to Treasury bills.” Buffett added, “As usual, Charlie has given the full answer, but I’ll still talk more and say less.”</p><p>Buffett explained that Occidental’s capital-return plans and higher oil prices in the wake of Russia’s invasion of Ukraine made the stock a buy, and that Alleghany was a natural fit for Berkshire’s insurance operations.</p><p>Buffett also said that Berkshire bought additional Apple stock in the first quarter. The company owned about 911 million shares of the iPhone maker at the end of March, versus 907.6 million at the end of 2021.</p><p>In February, Berkshire said that it owned about 14.7 million shares of Activision Blizzard (ATVI), which were acquired in October and November 2021. On Saturday, Buffett said that Berkshire now owns about 9.5% of Activision, or some 74 million shares—which were worth about $5.6 billion at Friday’s close. Microsoft (MSFT) has agreed to purchase the video-game developer for $95 per share, while shares have been trading in the high $70s and low $80s in recent months. Buffett expects the deal to go through—and for that gap to close.</p><h3><b>Berkshire isn’t buying back as much stock</b></h3><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, down from $6.9 billion in the fourth quarter and $27 billion for all of 2021. Buffett and Munger repurchase shares when they determine that their price is below Berkshire’s intrinsic value.</p><p>Buffett nonetheless extolled the virtues of stock buybacks for shareholders, pointing out that Berkshire’s stake in American Express had grown to about 20%, from 11%, over the years—without Berkshire buying any additional stock.</p><p>“Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres,” Buffett said. “If you do it at the right price, there’s nothing better than buying back part of your own business.”</p><h3><b>Buffett isn’t trying to predict future inflation</b></h3><p>“It’s extraordinary how much [inflation] we’ve seen,” Buffett said, referring to increasing prices at Nebraska Furniture Mart and other Berkshire subsidiaries.</p><p>Buffett believes that the best defense against inflation is to be skilled at what you do, and to produce a good or service that will remain in demand which people will be willing to pay for.</p><p>“The best protection against inflation is your own personal earning power…No one can take your talent away from you,” Buffett said. “If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.”</p><p>Buffett said that predicting future inflation is a fool’s game, and that no one can really know how much inflation there will be over the next 10 years, or 12 months, or four weeks. “Inflation swindles almost everybody,” Buffett said, whether they are a stock investor, a bond investor, or a “cash-under-the-mattress person.”</p><h3><b>Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’</b></h3><p>Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”</p><p>Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.</p><p>“Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”</p><h3><b>Corporations shouldn’t take political positions, Buffett believes</b></h3><p>The first question of the afternoon session had to do with companies engaging in the political realm—and whether they should take official stances on controversial issues.</p><p>“I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire,” Buffett said. “But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.”</p><p>People who get upset may take it out on Berkshire’s subsidiaries and employees, Buffett noted, which isn’t fair to those workers. “I’ve come to the conclusion that the answer is ‘No,&#39;” Buffett said.</p><p>Berkshire stock has climbed about 7% so far this year, versus a 13% decline for the S&amp;P 500.</p><h3><b>Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin</b></h3><p>Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance onbitcoin.</p><p>He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111010049","content_text":"The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice.Tens of thousands of Buffett devoteeswere back in Omaha to hear fromthe legendary investorand Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO, scoop up discounts at a shareholder-only shopping day, and swap stories of their experiences following Berkshire over the years.Warren Buffett says inflation \"swindles almost everybody\"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.Speaking at Berkshire Hathaway's first in-person annual meeting since 2019, Buffett went so far as to say the market's turned into a \"gambling parlor.\"The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation \"swindles\" equity investors, but noted Saturday that it \"swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.\"Berkshire’s first-quarter resultsBuffett proceeded with an overview of Berkshire’s first-quarter financial results, which were released on Saturday morning. Operating earnings after taxes rose less than 1% from the year-earlier period, to about $7 billion. The company reduced the pace of its stock buybacks, but Berkshire was active in purchasing other companies’ shares.Berkshire spent $3.2 billion on share repurchases in the first quarter, and bought $51.9 billion in other equities. The company also sold $10.3 billion worth of non-Berkshire shares. Berkshire ended the period with $102.7 billion in cash and U.S. Treasury bills.“We will always have a lot of cash on hand,” Buffett said.A question addressed the performance of Berkshire’s Geico and BNSF Railway subsidiaries relative to competitors. Buffett kicked it over to Jain, who oversees Berkshire’s insurance operations, and Abel, who oversees non-insurance operations.Jain admitted that lately Progressive (PGR) has done better than Geico in terms of its profit margin and growth rate. He attributed that to the Berkshire subsidiary’s later entry into telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive. Progressive has years of additional data and experience in the business, but Jain said that Geico was seeing promising early results from its telematics policies, branded as DriveEasy.Abel defended the approach of BNSF, which hasn’t been able to embrace precision-scheduled railroading as much of the railroad industry has.Berkshire is buying other companies’ stocks againThe first question of the meeting was about Berkshire quickly becoming more active in the stock market. In Buffett’s 2021 annual shareholder letter, dated Feb. 26, he wrote that there were few attractive opportunities out there. Since then, Berkshire struck a deal to acquire insurer Alleghany (Y) for $11.6 billion, and scooped up billions of dollars of shares of Chevron, Occidental Petroleum, and HP.Asked what changed, Munger said: “We found some things we preferred owning to Treasury bills.” Buffett added, “As usual, Charlie has given the full answer, but I’ll still talk more and say less.”Buffett explained that Occidental’s capital-return plans and higher oil prices in the wake of Russia’s invasion of Ukraine made the stock a buy, and that Alleghany was a natural fit for Berkshire’s insurance operations.Buffett also said that Berkshire bought additional Apple stock in the first quarter. The company owned about 911 million shares of the iPhone maker at the end of March, versus 907.6 million at the end of 2021.In February, Berkshire said that it owned about 14.7 million shares of Activision Blizzard (ATVI), which were acquired in October and November 2021. On Saturday, Buffett said that Berkshire now owns about 9.5% of Activision, or some 74 million shares—which were worth about $5.6 billion at Friday’s close. Microsoft (MSFT) has agreed to purchase the video-game developer for $95 per share, while shares have been trading in the high $70s and low $80s in recent months. Buffett expects the deal to go through—and for that gap to close.Berkshire isn’t buying back as much stockBerkshire spent $3.2 billion on share repurchases in the first quarter, down from $6.9 billion in the fourth quarter and $27 billion for all of 2021. Buffett and Munger repurchase shares when they determine that their price is below Berkshire’s intrinsic value.Buffett nonetheless extolled the virtues of stock buybacks for shareholders, pointing out that Berkshire’s stake in American Express had grown to about 20%, from 11%, over the years—without Berkshire buying any additional stock.“Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres,” Buffett said. “If you do it at the right price, there’s nothing better than buying back part of your own business.”Buffett isn’t trying to predict future inflation“It’s extraordinary how much [inflation] we’ve seen,” Buffett said, referring to increasing prices at Nebraska Furniture Mart and other Berkshire subsidiaries.Buffett believes that the best defense against inflation is to be skilled at what you do, and to produce a good or service that will remain in demand which people will be willing to pay for.“The best protection against inflation is your own personal earning power…No one can take your talent away from you,” Buffett said. “If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.”Buffett said that predicting future inflation is a fool’s game, and that no one can really know how much inflation there will be over the next 10 years, or 12 months, or four weeks. “Inflation swindles almost everybody,” Buffett said, whether they are a stock investor, a bond investor, or a “cash-under-the-mattress person.”Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.“Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”Corporations shouldn’t take political positions, Buffett believesThe first question of the afternoon session had to do with companies engaging in the political realm—and whether they should take official stances on controversial issues.“I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire,” Buffett said. “But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.”People who get upset may take it out on Berkshire’s subsidiaries and employees, Buffett noted, which isn’t fair to those workers. “I’ve come to the conclusion that the answer is ‘No,'” Buffett said.Berkshire stock has climbed about 7% so far this year, versus a 13% decline for the S&P 500.Buffett gives his most expansive explanation for why he doesn’t believe in bitcoinBitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance onbitcoin.He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it.“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9087453592,"gmtCreate":1651041216024,"gmtModify":1676534839746,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087367869440590","authorIdStr":"4087367869440590"},"themes":[],"htmlText":"[Applaud]&nbsp;","listText":"[Applaud]&nbsp;","text":"[Applaud]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087453592","repostId":"1182285782","repostType":4,"repost":{"id":"1182285782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651030165,"share":"https://ttm.financial/m/news/1182285782?lang=&edition=fundamental","pubTime":"2022-04-27 11:29","market":"us","language":"en","title":"Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline","url":"https://stock-news.laohu8.com/highlight/detail?id=1182285782","media":"Tiger Newspress","summary":"The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned","content":"<html><head></head><body><p>The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.</p><p>Here are the notable moments and milestones in Warren Buffett&#39;s life.<img src=\"https://static.tigerbbs.com/df59b63385fec0d1a1d2e177b71336c7\" tg-width=\"750\" tg-height=\"11865\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-27 11:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.</p><p>Here are the notable moments and milestones in Warren Buffett&#39;s life.<img src=\"https://static.tigerbbs.com/df59b63385fec0d1a1d2e177b71336c7\" tg-width=\"750\" tg-height=\"11865\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182285782","content_text":"The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.Here are the notable moments and milestones in Warren Buffett's life.","news_type":1},"isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085650868,"gmtCreate":1650692320325,"gmtModify":1676534778479,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087367869440590","authorIdStr":"4087367869440590"},"themes":[],"htmlText":"Good advice!&nbsp;","listText":"Good advice!&nbsp;","text":"Good advice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085650868","repostId":"2229716170","repostType":4,"repost":{"id":"2229716170","kind":"highlight","pubTimestamp":1650666223,"share":"https://ttm.financial/m/news/2229716170?lang=&edition=fundamental","pubTime":"2022-04-23 06:23","market":"us","language":"en","title":"3 Things Investors Should Do Right Now as Stocks Tumble (Again)","url":"https://stock-news.laohu8.com/highlight/detail?id=2229716170","media":"MarketWatch","summary":"Financial experts share their top tips for investors amid the market downturnU.S. stock markets are ","content":"<html><head></head><body><p>Financial experts share their top tips for investors amid the market downturn</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2aff69419fa8c12d8aee92ab095e142b\" tg-width=\"700\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/><span>U.S. stock markets are sharply down on Friday.</span></p><p>It&#39;s Freaky Friday on Wall Street for investors.</p><p>The latest tumble in stocks is, in many ways, a replay of what investors have seen with the Dow Jones Industrial Average , the S&amp;P 500 and Nasdaq Composite  in recent months -- another major disruption to global stock markets.</p><p>U.S. stock markets are sharply down on Friday. The latest stock-market turmoil has come as markets have attempted to recalibrate amid policy changes at the Federal Reserve, record-high levels of inflation.</p><p>Investors are spooked by hawkish comments on interest rates by Federal Reserve Chairman Jerome Powell a day earlier, in addition to a fresh batch of corporate earnings that largely disappointed.</p><p>Powell told an International Monetary Fund panel on Thursday that tempering inflation is &#34;absolutely essential.&#34; On the prospect of the Fed&#39;s next rate hike, he added, &#34;I would say 50 basis points will be on the table for the May meeting.&#34;</p><blockquote>It’s clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold.”</blockquote><p>It&#39;s clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold. Among the most popular searches on Google in recent weeks have been questions like &#34;Is the market going to crash?&#34;</p><p>Financial experts advise staying cool. Ukraine war has also rattled global markets. As Pepperstone&#39;s head of research, Chris Weston, recently wrote, &#34;Trading in a headline-driven market is not for everyone, it requires a dedication to being in front of the screens, an understanding of what is noise and what is signal and an ability to keep emotions in check.&#34;</p><p>&#34;Volatility and corrections are a normal part of investing in the markets,&#34; added Greg McBride, chief financial analyst at Bankrate.com.</p><p>&#34;With interest rates poised to rise this year and the Fed tightening what has been very loose accommodation for the economy and markets, the returns won&#39;t come as easy as they have in the past 18 months or so,&#34; he added.</p><p>MarketWatch polled financial experts to see what advice they had for Americans nervously checking the status of the IRAs and Robinhood accounts. Here are their top tips on what to do in this latest downturn:</p><p><b>Take a lesson from March 2020</b></p><p>The  most important advice, according to McBride, is literally to do nothing, and don&#39;t panic. And here&#39;s far from the only financial expert to suggest that.</p><p>&#34;Typically in situations where the stock market is in a slump or where it&#39;s behaving erratically, the best course of action is often to just leave your money where it&#39;s at,&#34; said Jacob Channel, senior economic analyst at LendingTree.</p><p>Never sell in a loss. For people who are invested in index funds or stable companies, in all likelihood, their investments will rebound.</p><blockquote>‘The best course of action is often to just leave your money where it’s at.’”</blockquote><blockquote>— Jacob Channel, senior economic analyst at LendingTree</blockquote><p>Don&#39;t believe him? Recent history should offer some comfort. The markets fell sharply at the start of the COVID-19 pandemic amid fears of a prolonged recession. They didn&#39;t stay low for long, though.</p><p>&#34;Following that sell-off, the market rebounded spectacularly and the S&amp;P 500 is currently sitting at a near record high -- even when taking into account its recent decline,&#34; Channel said.</p><p><b>Review your investment plan</b></p><p>For most investors, the money they have in the market -- either through retirement accounts or individual investments -- is intended for long-term purposes. So short-term fluctuations shouldn&#39;t change one&#39;s strategy a whole lot.</p><p>Still, financial experts said this is a good time to review things to make sure your money is working for you. Multiple financial planners suggested rebalancing your portfolio.</p><p>&#34;A market downturn is a great opportunity to look at your investments to see if they still reflect your target allocation,&#34; said David Haas, president of Cereus Financial Advisors in New Jersey.</p><p>It&#39;s natural to see your portfolio allocation drift when stocks are falling and bonds are rising. Getting back on target is key. Doing this means you&#39;ll be selling what&#39;s high and buying what&#39;s low, said Mark Ziety, executive director of WisMed Financial, an advisory firm based in Wisconsin.</p><p>Similarly, now is a good time to review the diversity of one&#39;s portfolio. Are you too geared toward growth funds? Do you have exposure to emerging markets?</p><p>Now might also be the time to do a Roth conversion, if that was something you were interested in, Ziety said. &#34;When markets are down, more shares can be converted from pretax to tax free for the same tax cost,&#34; he noted.</p><p><b>Put your cash to work</b></p><p>A common aphorism among financial whizzes is to buy the dip. In other words, think of the stock market being discounted right now.</p><p>&#34;Depending on your age and time horizon, this may be a time to buy into the market while it is on sale,&#34; said Charles B. Sachs, director of planning and chief compliance officer at Kaufman Rossin Wealth, a national accounting and investment advisory firm.</p><p>On the upside, there is no sign of panic selling activity, despite the stock market&#39;s biggest drop off in seven weeks on Friday, according to the Arms Index that tracks market internals.</p><p>If you have extra money that you can invest, do not sweat the timing too much.</p><p>&#34;You likely won&#39;t catch the market at its best rock-bottom price, so if you want to invest during a downturn, waiting for the &#39;perfect moment&#39; may not be the best strategy,&#34; said Alana Benson, investing spokesperson at personal-finance website NerdWallet.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Things Investors Should Do Right Now as Stocks Tumble (Again)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Things Investors Should Do Right Now as Stocks Tumble (Again)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-23 06:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/waiting-for-the-perfect-moment-may-not-be-the-best-strategy-3-things-americans-can-do-right-now-as-stock-markets-plunge-11643047617?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial experts share their top tips for investors amid the market downturnU.S. stock markets are sharply down on Friday.It's Freaky Friday on Wall Street for investors.The latest tumble in stocks ...</p>\n\n<a href=\"https://www.marketwatch.com/story/waiting-for-the-perfect-moment-may-not-be-the-best-strategy-3-things-americans-can-do-right-now-as-stock-markets-plunge-11643047617?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BK4539":"次新股",".SPX":"S&P 500 Index","BK4127":"投资银行业与经纪业",".DJI":"道琼斯","BK4547":"WSB热门概念","BK4166":"消费信贷"},"source_url":"https://www.marketwatch.com/story/waiting-for-the-perfect-moment-may-not-be-the-best-strategy-3-things-americans-can-do-right-now-as-stock-markets-plunge-11643047617?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229716170","content_text":"Financial experts share their top tips for investors amid the market downturnU.S. stock markets are sharply down on Friday.It's Freaky Friday on Wall Street for investors.The latest tumble in stocks is, in many ways, a replay of what investors have seen with the Dow Jones Industrial Average , the S&P 500 and Nasdaq Composite  in recent months -- another major disruption to global stock markets.U.S. stock markets are sharply down on Friday. The latest stock-market turmoil has come as markets have attempted to recalibrate amid policy changes at the Federal Reserve, record-high levels of inflation.Investors are spooked by hawkish comments on interest rates by Federal Reserve Chairman Jerome Powell a day earlier, in addition to a fresh batch of corporate earnings that largely disappointed.Powell told an International Monetary Fund panel on Thursday that tempering inflation is \"absolutely essential.\" On the prospect of the Fed's next rate hike, he added, \"I would say 50 basis points will be on the table for the May meeting.\"It’s clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold.”It's clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold. Among the most popular searches on Google in recent weeks have been questions like \"Is the market going to crash?\"Financial experts advise staying cool. Ukraine war has also rattled global markets. As Pepperstone's head of research, Chris Weston, recently wrote, \"Trading in a headline-driven market is not for everyone, it requires a dedication to being in front of the screens, an understanding of what is noise and what is signal and an ability to keep emotions in check.\"\"Volatility and corrections are a normal part of investing in the markets,\" added Greg McBride, chief financial analyst at Bankrate.com.\"With interest rates poised to rise this year and the Fed tightening what has been very loose accommodation for the economy and markets, the returns won't come as easy as they have in the past 18 months or so,\" he added.MarketWatch polled financial experts to see what advice they had for Americans nervously checking the status of the IRAs and Robinhood accounts. Here are their top tips on what to do in this latest downturn:Take a lesson from March 2020The  most important advice, according to McBride, is literally to do nothing, and don't panic. And here's far from the only financial expert to suggest that.\"Typically in situations where the stock market is in a slump or where it's behaving erratically, the best course of action is often to just leave your money where it's at,\" said Jacob Channel, senior economic analyst at LendingTree.Never sell in a loss. For people who are invested in index funds or stable companies, in all likelihood, their investments will rebound.‘The best course of action is often to just leave your money where it’s at.’”— Jacob Channel, senior economic analyst at LendingTreeDon't believe him? Recent history should offer some comfort. The markets fell sharply at the start of the COVID-19 pandemic amid fears of a prolonged recession. They didn't stay low for long, though.\"Following that sell-off, the market rebounded spectacularly and the S&P 500 is currently sitting at a near record high -- even when taking into account its recent decline,\" Channel said.Review your investment planFor most investors, the money they have in the market -- either through retirement accounts or individual investments -- is intended for long-term purposes. So short-term fluctuations shouldn't change one's strategy a whole lot.Still, financial experts said this is a good time to review things to make sure your money is working for you. Multiple financial planners suggested rebalancing your portfolio.\"A market downturn is a great opportunity to look at your investments to see if they still reflect your target allocation,\" said David Haas, president of Cereus Financial Advisors in New Jersey.It's natural to see your portfolio allocation drift when stocks are falling and bonds are rising. Getting back on target is key. Doing this means you'll be selling what's high and buying what's low, said Mark Ziety, executive director of WisMed Financial, an advisory firm based in Wisconsin.Similarly, now is a good time to review the diversity of one's portfolio. Are you too geared toward growth funds? Do you have exposure to emerging markets?Now might also be the time to do a Roth conversion, if that was something you were interested in, Ziety said. \"When markets are down, more shares can be converted from pretax to tax free for the same tax cost,\" he noted.Put your cash to workA common aphorism among financial whizzes is to buy the dip. In other words, think of the stock market being discounted right now.\"Depending on your age and time horizon, this may be a time to buy into the market while it is on sale,\" said Charles B. Sachs, director of planning and chief compliance officer at Kaufman Rossin Wealth, a national accounting and investment advisory firm.On the upside, there is no sign of panic selling activity, despite the stock market's biggest drop off in seven weeks on Friday, according to the Arms Index that tracks market internals.If you have extra money that you can invest, do not sweat the timing too much.\"You likely won't catch the market at its best rock-bottom price, so if you want to invest during a downturn, waiting for the 'perfect moment' may not be the best strategy,\" said Alana Benson, investing spokesperson at personal-finance website NerdWallet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085622468,"gmtCreate":1650691579331,"gmtModify":1676534778401,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087367869440590","authorIdStr":"4087367869440590"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085622468","repostId":"2229641491","repostType":4,"isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9085622468,"gmtCreate":1650691579331,"gmtModify":1676534778401,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087367869440590","idStr":"4087367869440590"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085622468","repostId":"2229641491","repostType":4,"repost":{"id":"2229641491","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1650668840,"share":"https://ttm.financial/m/news/2229641491?lang=&edition=fundamental","pubTime":"2022-04-23 07:07","market":"us","language":"en","title":"Wall St Slumps as Weak Earnings, Rate Hike Clarity Spook Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2229641491","media":"Reuters","summary":"* Healthcare stocks slump on HCA, Intuitive Surgical numbers* Big tech down ahead of earnings next w","content":"<html><head></head><body><p>* Healthcare stocks slump on HCA, Intuitive Surgical numbers</p><p>* Big tech down ahead of earnings next week</p><p>* Dow posts biggest one-day fall since Oct. 2020</p><p>* Weekly falls: Dow 1.9%, S&amp;P 2.8%, Nasdaq 3.8%</p><p>* Indexes down on Friday: Dow 2.82%, S&amp;P 2.77%, Nasdaq 2.55% </p><p>April 22 (Reuters) - Wall Street tumbled more than 2.5% on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors.</p><p>It was the third straight week of losses for both the S&amp;P 500 and the Nasdaq, while the Dow Jones posted its fourth weekly decline in a row.</p><p>For the Dow, its 2.82% drop on Friday was its biggest one-day fall since October 2020.</p><p>Exaggerated trading swings have become more common recently, as traders adjust to new data points from earnings, as well as when rates will rise again. For the Nasdaq, Friday was the eighth session in April, out of 15 trading days this month, where the index either rose or fell by more than 2%.</p><p>&#34;It&#39;s not very common, over the course of my time doing this job, for the market to move 2% in either direction and to think &#39;there&#39;s not too much to read into that&#39;,&#34; said Craig Erlam, senior market analyst at OANDA.</p><p>&#34;That&#39;s not normal, but that&#39;s just how things have been for such a long time now.&#34;</p><p>Concerns about risks from interest rate hikes continued to reverberate after Federal Reserve Chair Jerome Powell&#39;s hawkish pivot on Thursday, where he backed moving more quickly to combat inflation and said a 50-basis-point increase would be &#34;on the table&#34; when the Fed meets in May.</p><p>The idea of &#34;front-end loading&#34; the U.S. central bank&#39;s retreat from super-easy monetary policy, which Powell articulated support for on Thursday, has also forced traders to re-evaluate how aggressive subsequent rate rises would be.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, jumped on Friday, ending at its highest level since mid-March.</p><p>Meanwhile, the latest earnings forecasts to jolt investors came from healthcare, with HCA Healthcare and Intuitive Surgical Inc the worst performers on the S&amp;P 500.</p><p>HCA slumped 21.8% after reporting a downbeat profit view, while other hospital operators felt the contagion: Tenet Healthcare, Community Health Systems and Universal Health Services all tumbled between 14% and 17.9%.</p><p>Surgical robot maker Intuitive Surgical dropped 14.3% after warning of weaker demand from hospitals due to tighter finances.</p><p>All 11 major S&amp;P 500 sectors were down, although the 3.6% slip by healthcare was outdone by materials, which was off 3.7%.</p><p>Materials was weighed down by Nucor Corp - down 8.3% after hitting a record high after posting earnings on Thursday - and Freeport-McMoRan Inc, which slipped 6.8% as investors fretted over how interest rate hikes would impact copper miners.</p><p>The Dow Jones Industrial Average fell 981.36 points, or 2.82%, to 33,811.4, the S&amp;P 500 lost 121.88 points, or 2.77%, to 4,271.78 and the Nasdaq Composite dropped 335.36 points, or 2.55%, to 12,839.29.</p><p>For the week, the Dow dipped 1.9%, the S&amp;P dropped 2.8%, and the Nasdaq declined 3.8%.</p><p>The prospect of a more hawkish Fed has led to a rocky start to the year for equities, with Friday&#39;s sell-off taking declines on both the S&amp;P and Dow since the start of the year beyond 10%.</p><p>The trend is more pronounced in tech and growth shares whose valuations are more vulnerable to rising bond yields. The Nasdaq is down 17.9% in 2022.</p><p>Earnings are due next week for the four biggest U.S. companies by market capitalization: Apple, Microsoft , Amazon and Google parent Alphabet.</p><p>The quartet declined between 2.4% and 4.1% on Friday. Meta Platforms Inc, which also has results on deck for next week, dropped 2.1%, taking its losses in the last three days to 15.3%.</p><p>Investors are worried after streaming giant Netflix Inc&#39;s dismal earnings earlier this week sent shockwaves through big tech and stay-at-home darlings which benefited from pandemic factors such as lockdown measures.</p><p>The volume on U.S. exchanges was 11.66 billion shares, compared with the 11.67 billion average for the full session over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall St Slumps as Weak Earnings, Rate Hike Clarity Spook Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall St Slumps as Weak Earnings, Rate Hike Clarity Spook Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-23 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Healthcare stocks slump on HCA, Intuitive Surgical numbers</p><p>* Big tech down ahead of earnings next week</p><p>* Dow posts biggest one-day fall since Oct. 2020</p><p>* Weekly falls: Dow 1.9%, S&amp;P 2.8%, Nasdaq 3.8%</p><p>* Indexes down on Friday: Dow 2.82%, S&amp;P 2.77%, Nasdaq 2.55% </p><p>April 22 (Reuters) - Wall Street tumbled more than 2.5% on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors.</p><p>It was the third straight week of losses for both the S&amp;P 500 and the Nasdaq, while the Dow Jones posted its fourth weekly decline in a row.</p><p>For the Dow, its 2.82% drop on Friday was its biggest one-day fall since October 2020.</p><p>Exaggerated trading swings have become more common recently, as traders adjust to new data points from earnings, as well as when rates will rise again. For the Nasdaq, Friday was the eighth session in April, out of 15 trading days this month, where the index either rose or fell by more than 2%.</p><p>&#34;It&#39;s not very common, over the course of my time doing this job, for the market to move 2% in either direction and to think &#39;there&#39;s not too much to read into that&#39;,&#34; said Craig Erlam, senior market analyst at OANDA.</p><p>&#34;That&#39;s not normal, but that&#39;s just how things have been for such a long time now.&#34;</p><p>Concerns about risks from interest rate hikes continued to reverberate after Federal Reserve Chair Jerome Powell&#39;s hawkish pivot on Thursday, where he backed moving more quickly to combat inflation and said a 50-basis-point increase would be &#34;on the table&#34; when the Fed meets in May.</p><p>The idea of &#34;front-end loading&#34; the U.S. central bank&#39;s retreat from super-easy monetary policy, which Powell articulated support for on Thursday, has also forced traders to re-evaluate how aggressive subsequent rate rises would be.</p><p>The CBOE Volatility index, also known as Wall Street&#39;s fear gauge, jumped on Friday, ending at its highest level since mid-March.</p><p>Meanwhile, the latest earnings forecasts to jolt investors came from healthcare, with HCA Healthcare and Intuitive Surgical Inc the worst performers on the S&amp;P 500.</p><p>HCA slumped 21.8% after reporting a downbeat profit view, while other hospital operators felt the contagion: Tenet Healthcare, Community Health Systems and Universal Health Services all tumbled between 14% and 17.9%.</p><p>Surgical robot maker Intuitive Surgical dropped 14.3% after warning of weaker demand from hospitals due to tighter finances.</p><p>All 11 major S&amp;P 500 sectors were down, although the 3.6% slip by healthcare was outdone by materials, which was off 3.7%.</p><p>Materials was weighed down by Nucor Corp - down 8.3% after hitting a record high after posting earnings on Thursday - and Freeport-McMoRan Inc, which slipped 6.8% as investors fretted over how interest rate hikes would impact copper miners.</p><p>The Dow Jones Industrial Average fell 981.36 points, or 2.82%, to 33,811.4, the S&amp;P 500 lost 121.88 points, or 2.77%, to 4,271.78 and the Nasdaq Composite dropped 335.36 points, or 2.55%, to 12,839.29.</p><p>For the week, the Dow dipped 1.9%, the S&amp;P dropped 2.8%, and the Nasdaq declined 3.8%.</p><p>The prospect of a more hawkish Fed has led to a rocky start to the year for equities, with Friday&#39;s sell-off taking declines on both the S&amp;P and Dow since the start of the year beyond 10%.</p><p>The trend is more pronounced in tech and growth shares whose valuations are more vulnerable to rising bond yields. The Nasdaq is down 17.9% in 2022.</p><p>Earnings are due next week for the four biggest U.S. companies by market capitalization: Apple, Microsoft , Amazon and Google parent Alphabet.</p><p>The quartet declined between 2.4% and 4.1% on Friday. Meta Platforms Inc, which also has results on deck for next week, dropped 2.1%, taking its losses in the last three days to 15.3%.</p><p>Investors are worried after streaming giant Netflix Inc&#39;s dismal earnings earlier this week sent shockwaves through big tech and stay-at-home darlings which benefited from pandemic factors such as lockdown measures.</p><p>The volume on U.S. exchanges was 11.66 billion shares, compared with the 11.67 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","ISRG":"直觉外科公司","HCA":"HCA控股",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229641491","content_text":"* Healthcare stocks slump on HCA, Intuitive Surgical numbers* Big tech down ahead of earnings next week* Dow posts biggest one-day fall since Oct. 2020* Weekly falls: Dow 1.9%, S&P 2.8%, Nasdaq 3.8%* Indexes down on Friday: Dow 2.82%, S&P 2.77%, Nasdaq 2.55% April 22 (Reuters) - Wall Street tumbled more than 2.5% on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors.It was the third straight week of losses for both the S&P 500 and the Nasdaq, while the Dow Jones posted its fourth weekly decline in a row.For the Dow, its 2.82% drop on Friday was its biggest one-day fall since October 2020.Exaggerated trading swings have become more common recently, as traders adjust to new data points from earnings, as well as when rates will rise again. For the Nasdaq, Friday was the eighth session in April, out of 15 trading days this month, where the index either rose or fell by more than 2%.\"It's not very common, over the course of my time doing this job, for the market to move 2% in either direction and to think 'there's not too much to read into that',\" said Craig Erlam, senior market analyst at OANDA.\"That's not normal, but that's just how things have been for such a long time now.\"Concerns about risks from interest rate hikes continued to reverberate after Federal Reserve Chair Jerome Powell's hawkish pivot on Thursday, where he backed moving more quickly to combat inflation and said a 50-basis-point increase would be \"on the table\" when the Fed meets in May.The idea of \"front-end loading\" the U.S. central bank's retreat from super-easy monetary policy, which Powell articulated support for on Thursday, has also forced traders to re-evaluate how aggressive subsequent rate rises would be.The CBOE Volatility index, also known as Wall Street's fear gauge, jumped on Friday, ending at its highest level since mid-March.Meanwhile, the latest earnings forecasts to jolt investors came from healthcare, with HCA Healthcare and Intuitive Surgical Inc the worst performers on the S&P 500.HCA slumped 21.8% after reporting a downbeat profit view, while other hospital operators felt the contagion: Tenet Healthcare, Community Health Systems and Universal Health Services all tumbled between 14% and 17.9%.Surgical robot maker Intuitive Surgical dropped 14.3% after warning of weaker demand from hospitals due to tighter finances.All 11 major S&P 500 sectors were down, although the 3.6% slip by healthcare was outdone by materials, which was off 3.7%.Materials was weighed down by Nucor Corp - down 8.3% after hitting a record high after posting earnings on Thursday - and Freeport-McMoRan Inc, which slipped 6.8% as investors fretted over how interest rate hikes would impact copper miners.The Dow Jones Industrial Average fell 981.36 points, or 2.82%, to 33,811.4, the S&P 500 lost 121.88 points, or 2.77%, to 4,271.78 and the Nasdaq Composite dropped 335.36 points, or 2.55%, to 12,839.29.For the week, the Dow dipped 1.9%, the S&P dropped 2.8%, and the Nasdaq declined 3.8%.The prospect of a more hawkish Fed has led to a rocky start to the year for equities, with Friday's sell-off taking declines on both the S&P and Dow since the start of the year beyond 10%.The trend is more pronounced in tech and growth shares whose valuations are more vulnerable to rising bond yields. The Nasdaq is down 17.9% in 2022.Earnings are due next week for the four biggest U.S. companies by market capitalization: Apple, Microsoft , Amazon and Google parent Alphabet.The quartet declined between 2.4% and 4.1% on Friday. Meta Platforms Inc, which also has results on deck for next week, dropped 2.1%, taking its losses in the last three days to 15.3%.Investors are worried after streaming giant Netflix Inc's dismal earnings earlier this week sent shockwaves through big tech and stay-at-home darlings which benefited from pandemic factors such as lockdown measures.The volume on U.S. exchanges was 11.66 billion shares, compared with the 11.67 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063912394,"gmtCreate":1651384041276,"gmtModify":1676534899518,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087367869440590","idStr":"4087367869440590"},"themes":[],"htmlText":"Thanks for sharing!","listText":"Thanks for sharing!","text":"Thanks for sharing!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063912394","repostId":"1111010049","repostType":4,"repost":{"id":"1111010049","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651370179,"share":"https://ttm.financial/m/news/1111010049?lang=&edition=fundamental","pubTime":"2022-05-01 09:56","market":"us","language":"en","title":"Berkshire Meeting: Talk About Investments, Inflation, Markets, and more","url":"https://stock-news.laohu8.com/highlight/detail?id=1111010049","media":"Tiger Newspress","summary":"The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, af","content":"<html><head></head><body><p>The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice.</p><p>Tens of thousands of Buffett devoteeswere back in Omaha to hear fromthe legendary investorand Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO, scoop up discounts at a shareholder-only shopping day, and swap stories of their experiences following Berkshire over the years.</p><h3><b>Warren Buffett says inflation &#34;swindles almost everybody&#34;</b></h3><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway&#39;s first in-person annual meeting since 2019, Buffett went so far as to say the market&#39;s turned into a &#34;gambling parlor.&#34;</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation &#34;swindles&#34; equity investors, but noted Saturday that it &#34;swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.&#34;</p><h3><b>Berkshire’s first-quarter results</b></h3><p>Buffett proceeded with an overview of Berkshire’s first-quarter financial results, which were released on Saturday morning. Operating earnings after taxes rose less than 1% from the year-earlier period, to about $7 billion. The company reduced the pace of its stock buybacks, but Berkshire was active in purchasing other companies’ shares.</p><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, and bought $51.9 billion in other equities. The company also sold $10.3 billion worth of non-Berkshire shares. Berkshire ended the period with $102.7 billion in cash and U.S. Treasury bills.</p><p>“We will always have a lot of cash on hand,” Buffett said.</p><p>A question addressed the performance of Berkshire’s Geico and BNSF Railway subsidiaries relative to competitors. Buffett kicked it over to Jain, who oversees Berkshire’s insurance operations, and Abel, who oversees non-insurance operations.</p><p>Jain admitted that lately Progressive (PGR) has done better than Geico in terms of its profit margin and growth rate. He attributed that to the Berkshire subsidiary’s later entry into telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive. Progressive has years of additional data and experience in the business, but Jain said that Geico was seeing promising early results from its telematics policies, branded as DriveEasy.</p><p>Abel defended the approach of BNSF, which hasn’t been able to embrace precision-scheduled railroading as much of the railroad industry has.</p><h3><b>Berkshire is buying other companies’ stocks again</b></h3><p>The first question of the meeting was about Berkshire quickly becoming more active in the stock market. In Buffett’s 2021 annual shareholder letter, dated Feb. 26, he wrote that there were few attractive opportunities out there. Since then, Berkshire struck a deal to acquire insurer Alleghany (Y) for $11.6 billion, and scooped up billions of dollars of shares of <a href=\"https://laohu8.com/S/CVX\">Chevron</a>, <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and <a href=\"https://laohu8.com/S/HPQ\">HP</a>.</p><p>Asked what changed, Munger said: “We found some things we preferred owning to Treasury bills.” Buffett added, “As usual, Charlie has given the full answer, but I’ll still talk more and say less.”</p><p>Buffett explained that Occidental’s capital-return plans and higher oil prices in the wake of Russia’s invasion of Ukraine made the stock a buy, and that Alleghany was a natural fit for Berkshire’s insurance operations.</p><p>Buffett also said that Berkshire bought additional Apple stock in the first quarter. The company owned about 911 million shares of the iPhone maker at the end of March, versus 907.6 million at the end of 2021.</p><p>In February, Berkshire said that it owned about 14.7 million shares of Activision Blizzard (ATVI), which were acquired in October and November 2021. On Saturday, Buffett said that Berkshire now owns about 9.5% of Activision, or some 74 million shares—which were worth about $5.6 billion at Friday’s close. Microsoft (MSFT) has agreed to purchase the video-game developer for $95 per share, while shares have been trading in the high $70s and low $80s in recent months. Buffett expects the deal to go through—and for that gap to close.</p><h3><b>Berkshire isn’t buying back as much stock</b></h3><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, down from $6.9 billion in the fourth quarter and $27 billion for all of 2021. Buffett and Munger repurchase shares when they determine that their price is below Berkshire’s intrinsic value.</p><p>Buffett nonetheless extolled the virtues of stock buybacks for shareholders, pointing out that Berkshire’s stake in American Express had grown to about 20%, from 11%, over the years—without Berkshire buying any additional stock.</p><p>“Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres,” Buffett said. “If you do it at the right price, there’s nothing better than buying back part of your own business.”</p><h3><b>Buffett isn’t trying to predict future inflation</b></h3><p>“It’s extraordinary how much [inflation] we’ve seen,” Buffett said, referring to increasing prices at Nebraska Furniture Mart and other Berkshire subsidiaries.</p><p>Buffett believes that the best defense against inflation is to be skilled at what you do, and to produce a good or service that will remain in demand which people will be willing to pay for.</p><p>“The best protection against inflation is your own personal earning power…No one can take your talent away from you,” Buffett said. “If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.”</p><p>Buffett said that predicting future inflation is a fool’s game, and that no one can really know how much inflation there will be over the next 10 years, or 12 months, or four weeks. “Inflation swindles almost everybody,” Buffett said, whether they are a stock investor, a bond investor, or a “cash-under-the-mattress person.”</p><h3><b>Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’</b></h3><p>Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”</p><p>Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.</p><p>“Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”</p><h3><b>Corporations shouldn’t take political positions, Buffett believes</b></h3><p>The first question of the afternoon session had to do with companies engaging in the political realm—and whether they should take official stances on controversial issues.</p><p>“I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire,” Buffett said. “But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.”</p><p>People who get upset may take it out on Berkshire’s subsidiaries and employees, Buffett noted, which isn’t fair to those workers. “I’ve come to the conclusion that the answer is ‘No,&#39;” Buffett said.</p><p>Berkshire stock has climbed about 7% so far this year, versus a 13% decline for the S&amp;P 500.</p><h3><b>Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin</b></h3><p>Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance onbitcoin.</p><p>He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Meeting: Talk About Investments, Inflation, Markets, and more</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Meeting: Talk About Investments, Inflation, Markets, and more\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-05-01 09:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice.</p><p>Tens of thousands of Buffett devoteeswere back in Omaha to hear fromthe legendary investorand Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO, scoop up discounts at a shareholder-only shopping day, and swap stories of their experiences following Berkshire over the years.</p><h3><b>Warren Buffett says inflation &#34;swindles almost everybody&#34;</b></h3><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathaway&#39;s first in-person annual meeting since 2019, Buffett went so far as to say the market&#39;s turned into a &#34;gambling parlor.&#34;</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation &#34;swindles&#34; equity investors, but noted Saturday that it &#34;swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.&#34;</p><h3><b>Berkshire’s first-quarter results</b></h3><p>Buffett proceeded with an overview of Berkshire’s first-quarter financial results, which were released on Saturday morning. Operating earnings after taxes rose less than 1% from the year-earlier period, to about $7 billion. The company reduced the pace of its stock buybacks, but Berkshire was active in purchasing other companies’ shares.</p><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, and bought $51.9 billion in other equities. The company also sold $10.3 billion worth of non-Berkshire shares. Berkshire ended the period with $102.7 billion in cash and U.S. Treasury bills.</p><p>“We will always have a lot of cash on hand,” Buffett said.</p><p>A question addressed the performance of Berkshire’s Geico and BNSF Railway subsidiaries relative to competitors. Buffett kicked it over to Jain, who oversees Berkshire’s insurance operations, and Abel, who oversees non-insurance operations.</p><p>Jain admitted that lately Progressive (PGR) has done better than Geico in terms of its profit margin and growth rate. He attributed that to the Berkshire subsidiary’s later entry into telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive. Progressive has years of additional data and experience in the business, but Jain said that Geico was seeing promising early results from its telematics policies, branded as DriveEasy.</p><p>Abel defended the approach of BNSF, which hasn’t been able to embrace precision-scheduled railroading as much of the railroad industry has.</p><h3><b>Berkshire is buying other companies’ stocks again</b></h3><p>The first question of the meeting was about Berkshire quickly becoming more active in the stock market. In Buffett’s 2021 annual shareholder letter, dated Feb. 26, he wrote that there were few attractive opportunities out there. Since then, Berkshire struck a deal to acquire insurer Alleghany (Y) for $11.6 billion, and scooped up billions of dollars of shares of <a href=\"https://laohu8.com/S/CVX\">Chevron</a>, <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, and <a href=\"https://laohu8.com/S/HPQ\">HP</a>.</p><p>Asked what changed, Munger said: “We found some things we preferred owning to Treasury bills.” Buffett added, “As usual, Charlie has given the full answer, but I’ll still talk more and say less.”</p><p>Buffett explained that Occidental’s capital-return plans and higher oil prices in the wake of Russia’s invasion of Ukraine made the stock a buy, and that Alleghany was a natural fit for Berkshire’s insurance operations.</p><p>Buffett also said that Berkshire bought additional Apple stock in the first quarter. The company owned about 911 million shares of the iPhone maker at the end of March, versus 907.6 million at the end of 2021.</p><p>In February, Berkshire said that it owned about 14.7 million shares of Activision Blizzard (ATVI), which were acquired in October and November 2021. On Saturday, Buffett said that Berkshire now owns about 9.5% of Activision, or some 74 million shares—which were worth about $5.6 billion at Friday’s close. Microsoft (MSFT) has agreed to purchase the video-game developer for $95 per share, while shares have been trading in the high $70s and low $80s in recent months. Buffett expects the deal to go through—and for that gap to close.</p><h3><b>Berkshire isn’t buying back as much stock</b></h3><p>Berkshire spent $3.2 billion on share repurchases in the first quarter, down from $6.9 billion in the fourth quarter and $27 billion for all of 2021. Buffett and Munger repurchase shares when they determine that their price is below Berkshire’s intrinsic value.</p><p>Buffett nonetheless extolled the virtues of stock buybacks for shareholders, pointing out that Berkshire’s stake in American Express had grown to about 20%, from 11%, over the years—without Berkshire buying any additional stock.</p><p>“Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres,” Buffett said. “If you do it at the right price, there’s nothing better than buying back part of your own business.”</p><h3><b>Buffett isn’t trying to predict future inflation</b></h3><p>“It’s extraordinary how much [inflation] we’ve seen,” Buffett said, referring to increasing prices at Nebraska Furniture Mart and other Berkshire subsidiaries.</p><p>Buffett believes that the best defense against inflation is to be skilled at what you do, and to produce a good or service that will remain in demand which people will be willing to pay for.</p><p>“The best protection against inflation is your own personal earning power…No one can take your talent away from you,” Buffett said. “If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.”</p><p>Buffett said that predicting future inflation is a fool’s game, and that no one can really know how much inflation there will be over the next 10 years, or 12 months, or four weeks. “Inflation swindles almost everybody,” Buffett said, whether they are a stock investor, a bond investor, or a “cash-under-the-mattress person.”</p><h3><b>Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’</b></h3><p>Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”</p><p>Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.</p><p>“Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”</p><h3><b>Corporations shouldn’t take political positions, Buffett believes</b></h3><p>The first question of the afternoon session had to do with companies engaging in the political realm—and whether they should take official stances on controversial issues.</p><p>“I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire,” Buffett said. “But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.”</p><p>People who get upset may take it out on Berkshire’s subsidiaries and employees, Buffett noted, which isn’t fair to those workers. “I’ve come to the conclusion that the answer is ‘No,&#39;” Buffett said.</p><p>Berkshire stock has climbed about 7% so far this year, versus a 13% decline for the S&amp;P 500.</p><h3><b>Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin</b></h3><p>Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance onbitcoin.</p><p>He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it.</p><p>“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111010049","content_text":"The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice.Tens of thousands of Buffett devoteeswere back in Omaha to hear fromthe legendary investorand Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO, scoop up discounts at a shareholder-only shopping day, and swap stories of their experiences following Berkshire over the years.Warren Buffett says inflation \"swindles almost everybody\"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.Speaking at Berkshire Hathaway's first in-person annual meeting since 2019, Buffett went so far as to say the market's turned into a \"gambling parlor.\"The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation \"swindles\" equity investors, but noted Saturday that it \"swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.\"Berkshire’s first-quarter resultsBuffett proceeded with an overview of Berkshire’s first-quarter financial results, which were released on Saturday morning. Operating earnings after taxes rose less than 1% from the year-earlier period, to about $7 billion. The company reduced the pace of its stock buybacks, but Berkshire was active in purchasing other companies’ shares.Berkshire spent $3.2 billion on share repurchases in the first quarter, and bought $51.9 billion in other equities. The company also sold $10.3 billion worth of non-Berkshire shares. Berkshire ended the period with $102.7 billion in cash and U.S. Treasury bills.“We will always have a lot of cash on hand,” Buffett said.A question addressed the performance of Berkshire’s Geico and BNSF Railway subsidiaries relative to competitors. Buffett kicked it over to Jain, who oversees Berkshire’s insurance operations, and Abel, who oversees non-insurance operations.Jain admitted that lately Progressive (PGR) has done better than Geico in terms of its profit margin and growth rate. He attributed that to the Berkshire subsidiary’s later entry into telematics, or usage-based insurance, which adjusts customers’ rates based on how they drive. Progressive has years of additional data and experience in the business, but Jain said that Geico was seeing promising early results from its telematics policies, branded as DriveEasy.Abel defended the approach of BNSF, which hasn’t been able to embrace precision-scheduled railroading as much of the railroad industry has.Berkshire is buying other companies’ stocks againThe first question of the meeting was about Berkshire quickly becoming more active in the stock market. In Buffett’s 2021 annual shareholder letter, dated Feb. 26, he wrote that there were few attractive opportunities out there. Since then, Berkshire struck a deal to acquire insurer Alleghany (Y) for $11.6 billion, and scooped up billions of dollars of shares of Chevron, Occidental Petroleum, and HP.Asked what changed, Munger said: “We found some things we preferred owning to Treasury bills.” Buffett added, “As usual, Charlie has given the full answer, but I’ll still talk more and say less.”Buffett explained that Occidental’s capital-return plans and higher oil prices in the wake of Russia’s invasion of Ukraine made the stock a buy, and that Alleghany was a natural fit for Berkshire’s insurance operations.Buffett also said that Berkshire bought additional Apple stock in the first quarter. The company owned about 911 million shares of the iPhone maker at the end of March, versus 907.6 million at the end of 2021.In February, Berkshire said that it owned about 14.7 million shares of Activision Blizzard (ATVI), which were acquired in October and November 2021. On Saturday, Buffett said that Berkshire now owns about 9.5% of Activision, or some 74 million shares—which were worth about $5.6 billion at Friday’s close. Microsoft (MSFT) has agreed to purchase the video-game developer for $95 per share, while shares have been trading in the high $70s and low $80s in recent months. Buffett expects the deal to go through—and for that gap to close.Berkshire isn’t buying back as much stockBerkshire spent $3.2 billion on share repurchases in the first quarter, down from $6.9 billion in the fourth quarter and $27 billion for all of 2021. Buffett and Munger repurchase shares when they determine that their price is below Berkshire’s intrinsic value.Buffett nonetheless extolled the virtues of stock buybacks for shareholders, pointing out that Berkshire’s stake in American Express had grown to about 20%, from 11%, over the years—without Berkshire buying any additional stock.“Imagine you owned a farm and had 640 acres, farmed it every year, made a little money on it, enjoyed farming, and somehow 20 years later it turned into 1,100 or 1,200 acres,” Buffett said. “If you do it at the right price, there’s nothing better than buying back part of your own business.”Buffett isn’t trying to predict future inflation“It’s extraordinary how much [inflation] we’ve seen,” Buffett said, referring to increasing prices at Nebraska Furniture Mart and other Berkshire subsidiaries.Buffett believes that the best defense against inflation is to be skilled at what you do, and to produce a good or service that will remain in demand which people will be willing to pay for.“The best protection against inflation is your own personal earning power…No one can take your talent away from you,” Buffett said. “If you do something valuable and good for society, it doesn’t matter what the U.S. dollar does.”Buffett said that predicting future inflation is a fool’s game, and that no one can really know how much inflation there will be over the next 10 years, or 12 months, or four weeks. “Inflation swindles almost everybody,” Buffett said, whether they are a stock investor, a bond investor, or a “cash-under-the-mattress person.”Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.”Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages.“Wall Street makes money, one way or another, catching the crumbs that fall off the table of capitalism,” Buffett said. “They don’t make money unless people do things, and they get a piece of them. They make a lot more money when people are gambling than when they are investing.”Corporations shouldn’t take political positions, Buffett believesThe first question of the afternoon session had to do with companies engaging in the political realm—and whether they should take official stances on controversial issues.“I don’t put my citizenship in a blind trust when I take the job as CEO of Berkshire,” Buffett said. “But I’ve also learned that you can make a whole lot more people sustainably mad, than temporarily happy, on a variety of subjects.”People who get upset may take it out on Berkshire’s subsidiaries and employees, Buffett noted, which isn’t fair to those workers. “I’ve come to the conclusion that the answer is ‘No,'” Buffett said.Berkshire stock has climbed about 7% so far this year, versus a 13% decline for the S&P 500.Buffett gives his most expansive explanation for why he doesn’t believe in bitcoinBitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance onbitcoin.He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it’s not a productive asset and it doesn’t produce anything tangible. Despite a shift in public perception about the cryptocurrency, Buffett still wouldn’t buy it.“Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything,” Buffett said. “It’s got a magic to it and people have attached magics to lots of things.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085650868,"gmtCreate":1650692320325,"gmtModify":1676534778479,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087367869440590","idStr":"4087367869440590"},"themes":[],"htmlText":"Good advice!&nbsp;","listText":"Good advice!&nbsp;","text":"Good advice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085650868","repostId":"2229716170","repostType":4,"repost":{"id":"2229716170","kind":"highlight","pubTimestamp":1650666223,"share":"https://ttm.financial/m/news/2229716170?lang=&edition=fundamental","pubTime":"2022-04-23 06:23","market":"us","language":"en","title":"3 Things Investors Should Do Right Now as Stocks Tumble (Again)","url":"https://stock-news.laohu8.com/highlight/detail?id=2229716170","media":"MarketWatch","summary":"Financial experts share their top tips for investors amid the market downturnU.S. stock markets are ","content":"<html><head></head><body><p>Financial experts share their top tips for investors amid the market downturn</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2aff69419fa8c12d8aee92ab095e142b\" tg-width=\"700\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/><span>U.S. stock markets are sharply down on Friday.</span></p><p>It&#39;s Freaky Friday on Wall Street for investors.</p><p>The latest tumble in stocks is, in many ways, a replay of what investors have seen with the Dow Jones Industrial Average , the S&amp;P 500 and Nasdaq Composite  in recent months -- another major disruption to global stock markets.</p><p>U.S. stock markets are sharply down on Friday. The latest stock-market turmoil has come as markets have attempted to recalibrate amid policy changes at the Federal Reserve, record-high levels of inflation.</p><p>Investors are spooked by hawkish comments on interest rates by Federal Reserve Chairman Jerome Powell a day earlier, in addition to a fresh batch of corporate earnings that largely disappointed.</p><p>Powell told an International Monetary Fund panel on Thursday that tempering inflation is &#34;absolutely essential.&#34; On the prospect of the Fed&#39;s next rate hike, he added, &#34;I would say 50 basis points will be on the table for the May meeting.&#34;</p><blockquote>It’s clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold.”</blockquote><p>It&#39;s clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold. Among the most popular searches on Google in recent weeks have been questions like &#34;Is the market going to crash?&#34;</p><p>Financial experts advise staying cool. Ukraine war has also rattled global markets. As Pepperstone&#39;s head of research, Chris Weston, recently wrote, &#34;Trading in a headline-driven market is not for everyone, it requires a dedication to being in front of the screens, an understanding of what is noise and what is signal and an ability to keep emotions in check.&#34;</p><p>&#34;Volatility and corrections are a normal part of investing in the markets,&#34; added Greg McBride, chief financial analyst at Bankrate.com.</p><p>&#34;With interest rates poised to rise this year and the Fed tightening what has been very loose accommodation for the economy and markets, the returns won&#39;t come as easy as they have in the past 18 months or so,&#34; he added.</p><p>MarketWatch polled financial experts to see what advice they had for Americans nervously checking the status of the IRAs and Robinhood accounts. Here are their top tips on what to do in this latest downturn:</p><p><b>Take a lesson from March 2020</b></p><p>The  most important advice, according to McBride, is literally to do nothing, and don&#39;t panic. And here&#39;s far from the only financial expert to suggest that.</p><p>&#34;Typically in situations where the stock market is in a slump or where it&#39;s behaving erratically, the best course of action is often to just leave your money where it&#39;s at,&#34; said Jacob Channel, senior economic analyst at LendingTree.</p><p>Never sell in a loss. For people who are invested in index funds or stable companies, in all likelihood, their investments will rebound.</p><blockquote>‘The best course of action is often to just leave your money where it’s at.’”</blockquote><blockquote>— Jacob Channel, senior economic analyst at LendingTree</blockquote><p>Don&#39;t believe him? Recent history should offer some comfort. The markets fell sharply at the start of the COVID-19 pandemic amid fears of a prolonged recession. They didn&#39;t stay low for long, though.</p><p>&#34;Following that sell-off, the market rebounded spectacularly and the S&amp;P 500 is currently sitting at a near record high -- even when taking into account its recent decline,&#34; Channel said.</p><p><b>Review your investment plan</b></p><p>For most investors, the money they have in the market -- either through retirement accounts or individual investments -- is intended for long-term purposes. So short-term fluctuations shouldn&#39;t change one&#39;s strategy a whole lot.</p><p>Still, financial experts said this is a good time to review things to make sure your money is working for you. Multiple financial planners suggested rebalancing your portfolio.</p><p>&#34;A market downturn is a great opportunity to look at your investments to see if they still reflect your target allocation,&#34; said David Haas, president of Cereus Financial Advisors in New Jersey.</p><p>It&#39;s natural to see your portfolio allocation drift when stocks are falling and bonds are rising. Getting back on target is key. Doing this means you&#39;ll be selling what&#39;s high and buying what&#39;s low, said Mark Ziety, executive director of WisMed Financial, an advisory firm based in Wisconsin.</p><p>Similarly, now is a good time to review the diversity of one&#39;s portfolio. Are you too geared toward growth funds? Do you have exposure to emerging markets?</p><p>Now might also be the time to do a Roth conversion, if that was something you were interested in, Ziety said. &#34;When markets are down, more shares can be converted from pretax to tax free for the same tax cost,&#34; he noted.</p><p><b>Put your cash to work</b></p><p>A common aphorism among financial whizzes is to buy the dip. In other words, think of the stock market being discounted right now.</p><p>&#34;Depending on your age and time horizon, this may be a time to buy into the market while it is on sale,&#34; said Charles B. Sachs, director of planning and chief compliance officer at Kaufman Rossin Wealth, a national accounting and investment advisory firm.</p><p>On the upside, there is no sign of panic selling activity, despite the stock market&#39;s biggest drop off in seven weeks on Friday, according to the Arms Index that tracks market internals.</p><p>If you have extra money that you can invest, do not sweat the timing too much.</p><p>&#34;You likely won&#39;t catch the market at its best rock-bottom price, so if you want to invest during a downturn, waiting for the &#39;perfect moment&#39; may not be the best strategy,&#34; said Alana Benson, investing spokesperson at personal-finance website NerdWallet.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Things Investors Should Do Right Now as Stocks Tumble (Again)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Things Investors Should Do Right Now as Stocks Tumble (Again)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-23 06:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/waiting-for-the-perfect-moment-may-not-be-the-best-strategy-3-things-americans-can-do-right-now-as-stock-markets-plunge-11643047617?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial experts share their top tips for investors amid the market downturnU.S. stock markets are sharply down on Friday.It's Freaky Friday on Wall Street for investors.The latest tumble in stocks ...</p>\n\n<a href=\"https://www.marketwatch.com/story/waiting-for-the-perfect-moment-may-not-be-the-best-strategy-3-things-americans-can-do-right-now-as-stock-markets-plunge-11643047617?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","BK4539":"次新股",".SPX":"S&P 500 Index","BK4127":"投资银行业与经纪业",".DJI":"道琼斯","BK4547":"WSB热门概念","BK4166":"消费信贷"},"source_url":"https://www.marketwatch.com/story/waiting-for-the-perfect-moment-may-not-be-the-best-strategy-3-things-americans-can-do-right-now-as-stock-markets-plunge-11643047617?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2229716170","content_text":"Financial experts share their top tips for investors amid the market downturnU.S. stock markets are sharply down on Friday.It's Freaky Friday on Wall Street for investors.The latest tumble in stocks is, in many ways, a replay of what investors have seen with the Dow Jones Industrial Average , the S&P 500 and Nasdaq Composite  in recent months -- another major disruption to global stock markets.U.S. stock markets are sharply down on Friday. The latest stock-market turmoil has come as markets have attempted to recalibrate amid policy changes at the Federal Reserve, record-high levels of inflation.Investors are spooked by hawkish comments on interest rates by Federal Reserve Chairman Jerome Powell a day earlier, in addition to a fresh batch of corporate earnings that largely disappointed.Powell told an International Monetary Fund panel on Thursday that tempering inflation is \"absolutely essential.\" On the prospect of the Fed's next rate hike, he added, \"I would say 50 basis points will be on the table for the May meeting.\"It’s clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold.”It's clear that the recent spate of market weakness has unsettled many investors, with many pulling money out of the stock market and buying gold. Among the most popular searches on Google in recent weeks have been questions like \"Is the market going to crash?\"Financial experts advise staying cool. Ukraine war has also rattled global markets. As Pepperstone's head of research, Chris Weston, recently wrote, \"Trading in a headline-driven market is not for everyone, it requires a dedication to being in front of the screens, an understanding of what is noise and what is signal and an ability to keep emotions in check.\"\"Volatility and corrections are a normal part of investing in the markets,\" added Greg McBride, chief financial analyst at Bankrate.com.\"With interest rates poised to rise this year and the Fed tightening what has been very loose accommodation for the economy and markets, the returns won't come as easy as they have in the past 18 months or so,\" he added.MarketWatch polled financial experts to see what advice they had for Americans nervously checking the status of the IRAs and Robinhood accounts. Here are their top tips on what to do in this latest downturn:Take a lesson from March 2020The  most important advice, according to McBride, is literally to do nothing, and don't panic. And here's far from the only financial expert to suggest that.\"Typically in situations where the stock market is in a slump or where it's behaving erratically, the best course of action is often to just leave your money where it's at,\" said Jacob Channel, senior economic analyst at LendingTree.Never sell in a loss. For people who are invested in index funds or stable companies, in all likelihood, their investments will rebound.‘The best course of action is often to just leave your money where it’s at.’”— Jacob Channel, senior economic analyst at LendingTreeDon't believe him? Recent history should offer some comfort. The markets fell sharply at the start of the COVID-19 pandemic amid fears of a prolonged recession. They didn't stay low for long, though.\"Following that sell-off, the market rebounded spectacularly and the S&P 500 is currently sitting at a near record high -- even when taking into account its recent decline,\" Channel said.Review your investment planFor most investors, the money they have in the market -- either through retirement accounts or individual investments -- is intended for long-term purposes. So short-term fluctuations shouldn't change one's strategy a whole lot.Still, financial experts said this is a good time to review things to make sure your money is working for you. Multiple financial planners suggested rebalancing your portfolio.\"A market downturn is a great opportunity to look at your investments to see if they still reflect your target allocation,\" said David Haas, president of Cereus Financial Advisors in New Jersey.It's natural to see your portfolio allocation drift when stocks are falling and bonds are rising. Getting back on target is key. Doing this means you'll be selling what's high and buying what's low, said Mark Ziety, executive director of WisMed Financial, an advisory firm based in Wisconsin.Similarly, now is a good time to review the diversity of one's portfolio. Are you too geared toward growth funds? Do you have exposure to emerging markets?Now might also be the time to do a Roth conversion, if that was something you were interested in, Ziety said. \"When markets are down, more shares can be converted from pretax to tax free for the same tax cost,\" he noted.Put your cash to workA common aphorism among financial whizzes is to buy the dip. In other words, think of the stock market being discounted right now.\"Depending on your age and time horizon, this may be a time to buy into the market while it is on sale,\" said Charles B. Sachs, director of planning and chief compliance officer at Kaufman Rossin Wealth, a national accounting and investment advisory firm.On the upside, there is no sign of panic selling activity, despite the stock market's biggest drop off in seven weeks on Friday, according to the Arms Index that tracks market internals.If you have extra money that you can invest, do not sweat the timing too much.\"You likely won't catch the market at its best rock-bottom price, so if you want to invest during a downturn, waiting for the 'perfect moment' may not be the best strategy,\" said Alana Benson, investing spokesperson at personal-finance website NerdWallet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":811,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9087453592,"gmtCreate":1651041216024,"gmtModify":1676534839746,"author":{"id":"4087367869440590","authorId":"4087367869440590","name":"Twinklellk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087367869440590","idStr":"4087367869440590"},"themes":[],"htmlText":"[Applaud]&nbsp;","listText":"[Applaud]&nbsp;","text":"[Applaud]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087453592","repostId":"1182285782","repostType":4,"repost":{"id":"1182285782","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651030165,"share":"https://ttm.financial/m/news/1182285782?lang=&edition=fundamental","pubTime":"2022-04-27 11:29","market":"us","language":"en","title":"Tiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline","url":"https://stock-news.laohu8.com/highlight/detail?id=1182285782","media":"Tiger Newspress","summary":"The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned","content":"<html><head></head><body><p>The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.</p><p>Here are the notable moments and milestones in Warren Buffett&#39;s life.<img src=\"https://static.tigerbbs.com/df59b63385fec0d1a1d2e177b71336c7\" tg-width=\"750\" tg-height=\"11865\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTiger Chart｜The Warren Buffett & Berkshire Hathaway Timeline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-27 11:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.</p><p>Here are the notable moments and milestones in Warren Buffett&#39;s life.<img src=\"https://static.tigerbbs.com/df59b63385fec0d1a1d2e177b71336c7\" tg-width=\"750\" tg-height=\"11865\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182285782","content_text":"The offline Warren Buffett annual shareholders meeting after a two-year absence has finally returned. It will take place on Saturday, April 30th, starting at 9:45am ET.Here are the notable moments and milestones in Warren Buffett's life.","news_type":1},"isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}