Reporter: I knew Laoli | Editor: I knew Laoli
KONTAN.CO.ID – Longtime investor Warren Buffett is an investment magnate who specializes in capitalizing on falling markets and predicting recessions. Buffett is also loyal in sharing tips for coping with recession by being greedy when others are scared and afraid when others are greedy.
At present, Buffett does not appear to have made any major purchases in the stock market that had crashed due to the Covid-19 pandemic. Even Buffett has cut a number of his portfolio in recent months.
Quoting, Adam Othman, a value investor, in his published article The MOtley Fool dated November 25, 2020 wrote, it seems Buffett is either scared or he hasn’t found a company worth buying.
Because according to Adam, there are many good companies whose share prices were discounted by Buffett simply overlooked. In fact Buffett is investing in a gold company for the first time in decades – something he had avoided before.
Gold is one of the safest investments when a recession arrives. So Buffett is predicting another market crash in the near future.
Buffett is not the only figurehead in the investing world who might anticipate another market crash.
Bill Ackman, a well-known investor and hedge fund manager, made big bucks in the March fall, and he just warned about another market crash.
The warnings may seem a little out of sync, particularly with the optimism of the vaccine gripping the market, but it resonates with some of the other leading investors as well.
If the market crashes again, Buffett will probably give up all the liquidity power that Berkshire Hathaway currently has.
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