It’s amazing that you can ask Warren Buffett just about any question and he has an extreme depth of knowledge about it.

That was some self-aggrandizing comment/question

She went to Berkshire shareholder meeting to ask a question about trading oil?! 🤦‍♂️

The problem with oil it's too politicized. Anything or anyone or any country can screw with it.

People with an edge in commodities are people with a very very good understanding of economics and a lot of information about the markets, and can get in and out fast. People with an edge in stocks know that the company makes good products and has good management, and only needs to know maybe a little bit of economics. When you trade commodities, you ARE the company, you don't only own the company. It's a lot of work, but worthwhile if you really do have an edge.

I think the short answer is to keep your current holdings and deleverage based on innovation that reduces oil dependency. If production is the same or higher and inflation is consistent, hold until that changes

In the last 2 years, Buffett has had positions in Chevron and Barrick Gold, and from his comments, he clearly knows a lot about oil production and drilling.

Well one hand it's just common sense like how he put it "Physical resources are finite" so it doesn't really matter the commodity is if you go long and you did so a few years ago you'd be a billionaire today.. Look at cocoa, cotton, oil, gold, silver etc they all have gone up. So if you bought low and early enough, then you couldn't go wrong if you tried.

I don't understand why someone would ask this question at a Berkshire meeting. It's like bragging about gambling winnings

Interesting content, videos like this and insight from an expert goes a long way.

When considering an asset for investment, it makes some sense to zoom out and look at a long-term price chart. If the asset just goes up and down, it may take significant skill to make money trading it, and not be sensible to buy and hold the asset. If the asset goes up over long periods of time, like stock indices tend to do, buying may be more sensible, and you can trade around a core position if you are skillful.

there was never was, never has been and never will be a shortage of oil. It's a natural earth process and will never stop.

Last quote xD

A very smart man when it comes to finance. I need to listen to him more. 😎

Buffett wasn't known for being a trader, he is an investor. I doubt she is making money in oil by buying and holding.

i know a lot of people who make great money in oil but theyre just good traders who can make good money in any market

There is a time for everything he took a position on Silver as well and they admitted to trading in the 90s .

There are more inefficiencies to take advantage of in the equities market versus commodities.

Whats the date of this footage?

What Buffett never tells the public is that inflation is great for Berkshie Hathaway. Constantly churning profitable dollars day in and day out, decade after decade, with large inflation, is where the money is. He would never say it that way, but it has to be true. Munger once talked about inflation and mentioned an inflationary figure over the last 50 years or so, and said something to the effect of....has inflation been bad for investing/Berkshire Hathaway? I think not. Buffett loves money printing because he will outrun it by a few percent a year in the long run.

4:53

Well he's got a point, but maybe in this particular time, commodities can be (just a thought) a good idea, what you guys think?

he says it's too hard to predict commodity prices. i dunno man, sure it's hard to predict whether a resource will go up or down but at least i can understand its usefulness and therefore its demand. compare that to, say, a tech company. what do i really understand about how this tech company makes its money? how can i really claim to understand its usefulness? to me commodities seem far less opaque than tech stocks

"And your Dollar Aint Shit" - Oliver Anthony

4:48 inflation hellooo 2023

TWO SMARTEST GUYS IN THE 🌎 WORLD...👍

Dollar is history.

So what was the conclusion?

People always try to "man him up" or have some type of ego battle. How is it not clear that Buffet and Charlie like easy and reliable investments? It's not like they take themselves as seriously and as authorities.

He likes to own businesses simple as that

Is NATURAL GAS AN 3 EXCELLENT BUY FIR THT $5

So no frozen orange juice?

Ches moving like at tortuga up

The look on her face when oil went to zero 😂

Man, Charlie is already on a Zoom call with God...

That the reason after biodiesel. We see it is not working for mass economy. We work on wind generator and solar panel. And cut back oil consumption. But we still fail on weather and virus.

shit, he might live to 120 - he speaks eloquently and quickly

Oil is here...aint going no where

just roasted her with his first line

This gal's a gambler (and a bit self-congratulatory), not an investor.

And now he’s investing heavy into oil. I hope the girl who asked the question held on to her oil and commodity positions.

Now if you look for safety to boom. You know who to select to join do not you.

When was this meeting?? That's the real question

They saw A DIME A BARRELL, that's insane. What is this 2020? 😄

JUST TRADE IN KIDS WITH EPSTEIN 🤷‍♂️

The 2 old guys from the Muppets?

Went from oil to US dollar to companies to intellect

2 SMARTEST GUYS IN THE WORLD. BEING NICE TO THE LADY TELLING HER HER INVESTMENTS IN OIL COMMODITIES NOT THAT GREAT...👍👍

Aged like milk

I cannot watch anymore of this. The BH shareholder wants to stroke their ego in public. Every question is 8 minutes

When it mess up his state business and his home. He will think differently

The short answer is he doesn't know about Crude oil

His home was not in Louisiana state.

Draaaainage

WHEN MAKING RETIREMENT PLANS, COMMODITY IS GOOD BUT HAVING PASSIVE INCOME IS MORE CRUCIAL. Big ups to everyone working effortlessly trying to earn a living while building wealth. I'm 40 oand my wife 34. We are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income.

Buffet is a Mason I’m sure. Never gonna give you the answers. Never gonna teach it at school. If he says don’t trade com. Trade them haha

Any thing with his name stay away.

Warren gets away with his traditional view on investment thanks to the grandfatherly persona he's developed. Charlie on the other hand always seems like he's talking down to you, and comes off as an asshole.

Mr. Buffett needs to drink more water; irritating to hear him smacking while he speaks

Humpty dumpty sat on a wall. Humpty dumpty had a great fall.

This is dumb, buffet and Berkshire just bought a commodity company a few weeks ago 🤣