Todays Videos
Warren Buffett discusses the importance of adapting to change in business. He notes that Berkshire Hathaway has diversified its portfolio in response to changes that hurt some of its founding businesses. Buffett advises expanding one’s knowledge but warns not to force it and recommends continuous learning and adaptation within one’s own circle of competence. Buffett also explains how certain investment strategies are less effective as the amount of money being managed grows larger, and he discusses Berkshire Hathaway’s fondness for Apple as their largest holding, despite Apple’s regulatory challenges.
Investor Stanley Druckenmiller shared his concerns about the US national debt and entitlement spending, warning of the strain on America’s GDP and future investment and innovation. He also discussed the potential risks in asset markets, tightening credit, and problems in banks due to the Fed’s encouragement to buy treasuries, and he believes a hard landing is likely despite some changing their forecasts. On the topic of AI, Druckenmiller sees it as a real and transformative industry but cautions investors to avoid getting emotional and crazy, and he does not believe in China’s promise due to its undynamic economy. Druckenmiller also shared his thoughts on potential Republican contenders for the 2024 US Presidential Election and his cautious approach to playing the market amidst uncertainty, believing significant opportunities will arise in the future.
Todays articles
Lionel Messi, Tiger Woods, and other sports stars who rejected Saudi offers
https://www.semafor.com/article/06/07/2023/lionel-messi-joining-inter-miami-fc
Currency News:
https://www.barchart.com/forex
https://www.investing.com/central-banks/
Stock and Bond News:
https://finance.yahoo.com/calendar/
Commodity news:
Silver up 3.5%!
https://www.barchart.com/futures/performance-leaders?viewName=chart
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Useful Sites:
ptiprodirect.com
Investing.com
Barchart.com
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