Warren Buffett’s fortune reached a new milestone, reaching $ 100 billion on Wednesday March 10, as the share price of his company Berkshire Hathaway broke a record high of $ 400,000 per share.
At the same time, Elon Musk was doing better, adding about $ 25 billion to his fortune in a single day (that of Tuesday, March 9).
Warren Buffett, at the height of his 90 years, could also be richer, since he has donated $ 37 billion to the Bill & Melinda Gates Foundation.
” According to the Bloomberg Billionaires Index, Warren Buffett currently ranks sixth on his list of the richest people in the world, after Jeff Bezos, Elon Musk, Bill Gates, Bernard Arnault and Mark Zuckerberg.“.
As you can see, this is going very well for the richest men on the planet. Very well even.
It is quite logical.
Money is flowing.
There has never been so much money on the planet, it has become a very abundant resource, but unevenly distributed of course. This poses to each of us the question of our ability to capture wealth and part of this flow of money.
Many like to respond by saying that increasing taxes is enough to restore inequality.
However, the facts in France largely show that this is totally false.
By taxing the “rich” more, we do not make the poor less poor.
If this were the case, our country, world champion of public spending would no longer have poor, homeless or poorly housed. We would swim in bliss and happiness.
This is not the case.
While taxation is necessary, it is not the source of wealth creation or good distribution.
Otherwise we would be the happiest country.
However, our country tends rather to sink into a terrible collective depression.
The relationship with Warren Buffet you tell me?
This man has been creating value for over 50 years.
It does not securitize.
He does not buy complex financial products.
During the Internet bubble, he did not invest in all the .com stuff he did not understand.
He did not invest during the cryptocurrency bubble on all the stuff in Bitcoin and other Tokens that he still does not understand.
He did not buy any subprime.
Warren Buffet is not a “flamboyant” investor.
He buys from businesses that look promising in the future but that are already well established and that sell their products every day to largely satisfied customers.
He buys for the long term and keeps his holdings for very, very long years that end up forming decades.
When the stock market is irrational, when the markets are very expensive, he remains in “cash”, he waits. Patiently. That things become logical, coherent again. Normal.
This is how, for more than half a century, this man, who is anything but a speculative bubble, has been creating wealth.
Because wealth can only be born from healthy businesses, which produce things that people need and buy.
This vision is valid for each of us.
She’s pretty healthy.
In the meantime, you can do like Warren Buffett, and invest like him, by buying shares in his Berkshire Hathaway fund, and if you don’t have $ 400,000 in your pocket, know that you can do it with infinitely lower amounts since there are many ways and financial products that allow you to buy Berkshire Hathaway even for normal purses.
From you to me, I’d rather entrust my money to Warren Buffett than to a banker at my local branch. And let them not take it the wrong way, there is no condescension in that or contempt. Already, they frankly do not have ranges with good financial products, and Warren Buffett, he can devote his life to looking for relevant and profitable investments where the banker from below (I know what I’m talking about) must manage. 1,000 and one daily tasks in addition to selling in accordance with the objectives imposed by its leaders.
In short, the Buffett Strategy has not aged a bit and it is for this reason that I had devoted a special report to the Oracle as it is nicknamed. I will explain everything to you in order to invest in the long term on the Berkshire Hathaway. All the information here for those who are not subscribers.
It is already too late, but all is not lost. Prepare yourselves !