There’s been a lot of talk surrounding Warren Buffett’s comments from this weekend. In Ep. 191 of the Mullooly Asset Show, Tom outlined exactly what he said and what individual investors need to remember about the context of his comments.
Here’s what I’ve been reading this morning:
- Josh recalls past years of the Berkshire Hathaway annual shareholders meeting, and tells of a different Warren Buffett than what we saw this past weekend. Times have certainly changed, but at this point it’s tough to think Buffett “owes” the investing world anything more than what he’s already given.
- The housing market is in a unique situation. Demand has drastically shrunk, but at the same time so has supply. Prices aren’t budging because sellers believe the lack of interest is because of the pandemic and not because prices are too high.
- Sort of piggybacking off of the story above, Ben and Michael Batnick discuss a scenario where this crisis impacts Millennials and their interest in buying houses. The Millennial generation was always going to become homebuyers, but this situation may have significantly impacted the timeline.
- How close are the chances of winning a turn in roulette to “winning” money in the US stock market on a daily basis? As Nick describes in his latest post, not that far apart, and when you make a small adjustment to the roulette board – they’re essentially equal. Find out the likelihood of making money in the market in this post!