When Buffett and Charlie Monger speak, the world listens…
Warren Buffett praised the U.S. government’s intervention in recent bank failures during the annual Berkshire Hathaway meeting.
For those who are unaware, the event gives attending members an opportunity to learn from Buffett and Charlie Monger, two of the world’s most respected investors.
But, the billionaire says the nation’s banking system has become overly complex and he has been selling bank stocks as a result.
When it comes to inflation, Buffett praised Federal Reserve Chairman Jerome Powell, while also warning there is a limit to how much control the Fed has.
And what about AI?
Buffett says “the tech doesn’t make any difference” in finding investable opportunities and “what gives you opportunities is other people doing dumb things.”
Wise words.
Andrea Zanon joined to discuss.
