Warren Buffett s cash hoarding will pay off, Thomas Russo told Insider.
The Berkshire Hathaway chief recently sold stocks to clean up his portfolio.
Buffett isn t slamming bitcoin because he wants Berkshire to be open to blockchain, Russo said.
Warren Buffett s patience will pay off, his recent stock sales shouldn t worry investors, and he isn t bashing bitcoin for a good reason, Thomas Russo told Insider in a recent interview.
Russo is the managing member of Gardner Russo & Quinn, which has over $1.5 billion in shares of Buffett s Berkshire Hathaway conglomerate. He met Buffett almost 40 years ago, when the investor gave a presentation to his investing class at Stanford s business school, and has closely followed his career since.
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By: Daniel John Sobieski
Unlike Trump’s alleged collusion with Russia, Russia, Russia… Biden’s is not imaginary but very real and in your face. Democrats could never say what exactly Trump did, what precise decision was made, or what policy was changed. He “colluded,” don’t ya know. With Biden, we can start with the Colonial Pipeline hack by Russian conspirators and Biden’s non-reaction to it, Biden’s approval of a pipeline designed to make our NATO allies dependent on energy from Moscow, and, of course, his day-one cancellation of the Keystone XL pipeline.
Trump promised Europe a share in our energy independence including building liquefied natural gas ports to ship and receive the natural gas largess from our fracking energy bonanza. He opposed any pipelines making Europe more energy-dependent on Russia. Enter Joe Biden and son Hunter, who made a fortune doing nothing for Ukrainian energy company Burisma. Joe Biden loves foreign fossil fuel energy a
The
S&P/TSX Composite Index is off to a good start in May 2021 and even closed at a record-high (19,472.70) on the first week. Irwin Michael, a portfolio manager at ABC Funds, said in February 2021 that he sees pent-up dividend increases over the next six to 12 months.
Canadians with enough money can take the cue and start the trek towards $1 million. While the goal isn’t impossible, I should remind you that to pull it off, make the right investment choices and have a long investment horizon.
Invest for the long term
No one gets rich in the stock market overnight. The long-term investment approach is still the best way to have a crack at $1,000,000. You must be ready to lock in your money for the long haul and exercise patience. Historically, stocks deliver better, if not solid, long-term returns.
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