5-2-2023 – One Billionaire Investor Is Sounding the Alarm
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 3 May 2023
⏱️ 46 minutes
🧾️ Download transcript
Summary
The Vice-Chairman of Berkshire Hathaway sees trouble ahead for the U.S. financial system because American banks are "full of bad loans" due to falling property prices.
Today's Stocks & Topics: Job Openings Report, Banks Still a Problem, Working Skills, TWLO - Twilio Inc. Cl A, AA - Alcoa Corp., SCCO - Southern Copper Corp., How Much Cash, Fair Value, VFC - VF Corp., C - Citigroup Inc., JP Morgan and First Republic Bank.
TRIVIA QUESTION: "HOW much was a Costco membership at their first store in 1983-- and WHEN did Costco go public-- and finally, HOW many Costco members are there WORLDWIDE?"
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Transcript
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| 0:00.0 | At a time, when investors are confronted with market volatility and a variety of challenges |
| 0:11.3 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures, |
| 0:18.6 | Justin Klein and Steve Peasley stand ready to take your finance and investment questions |
| 0:23.8 | and share their unbiased answers. |
| 0:27.0 | This is Invest Talk, independent thinking, shared success. |
| 0:32.2 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:37.6 | clients throughout the United States. |
| 0:40.9 | The clarity for your path forward starts now. |
| 0:45.3 | Here is KPP Financial President, Financial Advisor, Steve Peasley. |
| 0:51.4 | Good afternoon everybody and welcome to Invest Talk. |
| 0:55.1 | It is Tuesday, May 2nd, 2023, and if you look back at how the stock market has behaved |
| 1:02.9 | and performed over the past year or so, it should be pretty obvious that investors need |
| 1:08.8 | to be able to adjust to market dynamics and account for economic and geopolitical variables |
| 1:14.7 | that affect the stock market. |
| 1:18.4 | Here is what you must also realize. |
| 1:20.2 | The business of sound investing in the stock market requires that we look forward, not |
| 1:26.1 | backward. |
| 1:27.1 | Of course, we take our lessons from what is already transpired. |
| 1:31.3 | We take those lessons, but then we look forward and apply what we have learned in the future. |
| 1:39.0 | What we think is going to happen because the reason is because all other investors and |
| 1:44.0 | investors, all investors, mutual funds, everybody does the same thing and they are the one to |
| 1:49.6 | drive the market. |
... |
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