Warren Buffett Quotes

"Inflation swindles the bond investor too, it swindles the person who keeps their cash under their mattress, it swindles almost everybody."

Buffett said that in reply to being asked if inflation “swindles equity investors.”

Over his six-decade career, he has lived through multiple inflationary waves. Buffett has often compared inflation to an invisible tax that’s remarkably difficult to avoid.

In April, consumer prices jumped 8.3%.

The message for investors? There are few good places to hide when these waves hit and losses should be expected in nearly all asset classes.

"If you told me you owned all of the bitcoin in the world, and you offered it to me for $25, I wouldn't take it because what would I do with it? I would have to sell it back to you one way or another. It isn't going to do anything."

Warren Buffett’s opinion on bitcoin and other cryptocurrencies remains firm. He believes that digital assets derive value only from another buyer’s willingness to overpay for them.

It’s probably safe to say that Berkshire will never hold BTC or any other crypto on its balance sheet. That said, Buffett has missed several significant tech trends in the past — he even regrets missing out on Amazon and Google. Only time will tell if he’s right about cryptocurrencies.

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too. Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Invest Now

Charlie Munger Quotes

"We've got people who know nothing about stocks being advised by stockbrokers who know even less … It was disgusting. Now it's unraveling. There's been some justice."

Buffett’s business partner has some strong words for trading platforms that have turned the stock market into a “casino.” The combination of free trading, order flow sales and gamification may have inflated the bubble over the past two years.

“[We] found some things we would prefer to own rather than Treasury Bills.”

This might be the most underrated quote of the event.

Berkshire Hathaway has been hoarding cash for well over a year. At the end of 2021, the company’s cash sat at a record high of $146.7 billion. But over just the past few months, about a third of that war chest has been used to make investments.

Buffett deployed roughly $4.5 billion in soon-to-be-acquired game developer Activision (ATVI). It’s an “arbitrage” play to capture the spread between the current market price and the proposed acquisition price.

He also spent $600 million to add to his largest position: Apple (APPL). Apple now accounts for roughly 41% of Berkshire’s public portfolio. Another big bet included a $4 billion stake in computer maker HP (HPQ).

Of course, Buffett’s multibillion-dollar bet on energy stocks is making all the headlines. He added about $7 billion to his stake in Occidental Petroleum (OXY), while Chevron (CVX) is now Berkshire’s fourth-biggest equity holding.

Sign up for our MoneyWise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.

More from MoneyWise

Get a piece of commercial real estate

Enhance your portfolio with high-return commercial real estate

First National Realty Partners is the #1 option for accredited investors seeking superior risk-adjusted returns in the grocery-anchored necessity-based retail space.

While commercial real estate has always been reserved for a few elite investors, outperforming the S&P 500 over a 25-year period, First National Realty Partners allows you to access institutional-quality commercial real estate investments — without the leg work of finding deals yourself.

Invest with First National Realty Partners now.

What to Read Next

Disclaimer

The content provided on MoneyWise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.