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Warren Buffett explains the 1929 crisis and what we can learn from it, especially with regards to the current downturn.
Warren E. Buffett is an American investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
We are already in the big crash, Inflation is a catastrophe. To bring the stock market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification.
My grandparents were farmers during the time the great depression of 1929 happened. I was fortunate enough to live with them for two years and learn things from them about surviving and also to see the signs that lead to the great depression that most would say was not a sign. I saw these signs repeating 15 years ago. Everyone in my family, friends and strangers say I am crazy. Wish I had not became disabled when young and did not have parents who held me back saying I cannot do things. I am nearing 60 and wished I had someone like Warren Buffet in my life that could inspire and give me hope to become what I wanted in life. That said, I fear for the world as this depression heading our way will cause worldwide starvation and with it a world war.
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