Lessons from Berkshire Hathaway Inc.

At the Annual General Meeting of Berkshire Hathaway, Warren Buffet had some notable messages.  The first of which was, “to never bet against the American Economy.” 

Even though the impact of the COVID-19 pandemic is and will be unknown for many years to come, including the impact on the people’s psyches, he remains very optimistic about the future.  He backed this statement up by siting past events such as the Civil War, and more recently, 9/11, where the economy was able to rebound quickly.

Though he is optimistic, he did have a word of caution…”anything can happen in terms of markets,” and that, ”you don’t know what is going to happen tomorrow.”  The current pandemic and 9/11 attacks are examples of ‘shocks’ to the markets.  He went on to state that, “you never want to use borrowed money” on things like buying stocks on margin, but that now would be a great time to borrow.

Taking Warren Buffet’s advice, did you know there are opportunities to borrow and invest without the risk or the worry of margin calls? If you would like to get more information, you can set up a complimentary, 30-minute phone consultation at calendly.com/mjhfinancial OR email me at michael@mjhfinancial.ca.