Warren Buffett did little during the market meltdown because he wasn't sure how the coronavirus pandemic would develop, Wall Street influencer Shane Parrish told Business Insider.
"When you don't understand with a certain degree of certainty, you sit out until you do," the Farnam Street blogger and host of "The Knowledge Project" said. Buffett was expected to buy stocks, strike bailout deals, and make a big acquisition when markets tanked, but instead he added to Berkshire's huge cash pile and sold his airline holdings.
"You have to be willing to look like an idiot in the short term to get the best long-term results," Parrish said.Warren Buffett took cover during the coronavirus crash because he didn't know how the pandemic would play out,"I'd suggest that because the future has become increasingly uncertain, he's preparing for the widest range of possible futures," Farnam Street blogger and "The Knowledge Project" host Shane Parrish said.
The former Canadian intelligence official often draws on Buffett's biography, philosophy, and personal habits. For example, his past blog posts advise readers to
Hey, Buffet I want that pot of money of mine that you are holding. Turn it over, Now!
He is a genius and knows how to work with money.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Introducing Advertising Insider, Business Insider's new daily newsletter - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Twitter stock dives in pre-market after a widespread hack took control of major celebrities' accounts including Bill Gates, Elon Musk, and Warren Buffett | Currency News | Financial and Business News | Markets InsiderTwitter stock dives in pre-market after a widespread hack took control of major celebrities' accounts including Bill Gates, Elon Musk, and Warren Buffett
Source: BusinessInsider - 🏆 729. / 51 Read more »
Twitter says 130 accounts were affected in its giant hack - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Twitter has poor cyber security. techinsider The fools who pulled off the hack had the whole world at their fingertips, and they used it to beg for bitcoin. They could have had trump’s twitter announce his resignation, or short Tesla stock after making Elon Musk tweet what they wanted. But they begged for bitcoin. jack Twitter SocialEngineering Is something to look into via CNBC netflix Earnings And Twitter’s Massive Hack Explained: CNBC After Hours' on YouTube twitterhacked
Source: BusinessInsider - 🏆 729. / 51 Read more »
SoulCycle instructor Soeuraya Wilson quits saying her image was 'used' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Other than these emplyees wanting to get paid more to fund raise for BLM, I don’t see specific evidence like was the collected monies misapropriated and didn’t go to the actual causes? That one guy doesn’t know what “gaslighting” means.
Source: BusinessInsider - 🏆 729. / 51 Read more »