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💰 Buffett advises: where to keep money during military conflicts⠀
💡 At critical moments, the famous investor offers to move capital from any assets to shares, so that over time, investments not only do not get lost, but also bring profit. Warren Buffett warned against hoarding cash, buying art, derivatives or physical assets of gold or other precious metals, or investing in cryptocurrencies.
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The CEO of Berkshire Hathaway (NYSE: BRKa) is confident that during a war, the real value of both fiat and non-cash money declines. He is confident that manufacturing companies will always cost more and dollars cheaper. So if it's right to buy stocks at a low, then in the process of recovery after the war, their price will compensate you for all losses.
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Curious readers should take a look at Buffett's annual letter to shareholders for fresh ideas. For example, Berkshire last year increased its stakes in Japanese trading houses Itochu, Mitsui and Mitsubishi by 8-10%, and on February 24-25, 2022, additional stakes in these shares were purchased.
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The billionaire, who avoids doing business in Russia, has said he won't sell shares he's already acquired anytime soon, even if the conflict in Eastern Europe escalates into a new «cold» War or even World War III. According to Buffett, all an investor really needs is time, inner peace, wide diversification, minimum transactions, and cost control. So we buy − and wait.
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Profits to y’all!