Legendary Buffett has the last laugh
by Andrew Wong
Source: The Standard
https://www.thestandard.com.hk/section- ... last-laugh
Warren Buffett Takeaway No. 3: Airlines Provide No Value to Buffett
Warren Buffett Takeaway No. 2: Federal Reserve Upended Berkshire’s Model
Warren Buffett Takeaway No. 1: Buffett’s Worst-Case Scenario
Even though Buffett’s firm now has $137 billion in cash and Treasury bills on its balance sheet, Buffett said that this position “isn’t all that huge when you think about worst-case possibilities.”
He cited the bearish stretch between 1929 and 1951, a period that took decades for the Dow Jones to rebound from its peak following the crash, the Great Depression, and World War II.
Buffett wasn’t pessimistic, but he certainly wasn’t optimistic.
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