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InvestTalk

5-2-2023 – One Billionaire Investor Is Sounding the Alarm

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.41.5K 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

Click on a timestamp to play from that location

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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