source: Economic Times Newspaper
Greed and Fear drives the market, it’s really hard to control emotions during panic times. Even one of the richest investors in the world Warren Buffett make mistakes, you know what he did in 2020 Corona crash?
He admits he might be even happier if he had used that opportunity to invest some of the $145 billion of cash Berkshire Hathaway Inc. has been hoarding.
Berkshire revealed that it sold stocks again last quarter, bringing the total net value of equities it has dumped since the outset of the Covid-19 pandemic to more than $12 billion. The benchmark S&P 500 index returned about 26% over that span — double what Berkshire shares did. And as Apple Inc. gained 80%, becoming a $2 trillion c ..
“Looking back, definitely we could’ve done things better,” Buffett said, because many businesses sprang back astonishingly fast. That was thanks to the Federal Reserve’s extraordinary actions early on, which Buffett praised, and the relief checks that went to Americans, he told virtual listeners of his company’s annual shareholder meeting Saturday. Investing is “not as easy at it sounds,” he added, words of caution to the new generation of investors using commission-free apps such as Robinhood t ..