CNBC’s Becky Quick always seems to get the best interviews with Berkshire Hathaway’s Warren Buffett and Charlie Munger. Ahead of this weekend’s annual Berkshire Hathaway meeting, here’s a terrific half-hour session with Munger, discussing ‘the Keynesian stuff’, gold as an investment, the current ‘poisonous’ political climate and options for today’s individual investor:
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Rising bond yields weighed on stocks throughout the week, as economic data pointed toward a potential need for further rate hikes. China’s flailing economic recovery and warnings of potential bank downgrades added to the market’s woes.
Tune out the noise and focus on what you can control, like your time horizon, risk tolerance, and goals. Because I can promise you one thing: there will be several more headlines in 2023 that will cause stock prices to react.
The shale energy boom is improving incomes and jobs outlook.
Since valuations have never been a good predictor of short-term price changes, they tell investors very little about what might happen next year.