Hello and Welcome to our May 2021 Financial Planning and Capital Market Update!
If you are too busy to read, feel free to listen as we describe our post and thoughts in friendly podcast audio format as well as Video!
Newbies –
We like to articulate our thoughts and review on a Monthly basis our Financial Planning Tips, Capital Markets and current events!
Hope you enjoy!
May 2021 Video
YouTube
Financial Planning Tips
Preparing to Hit the Sky Again
In this Break In Moment Post, an executive of the company Fligence reached out with regards to our fun TSA Posts through the closure of the country.
Their neatly designed website can be a very handy item for determining your possible time needs and delays as well as neatly follow our country to reopening at full speed.
Capital Market Comments
Inflation or No Inflation
In doing writings, I try to approach each article with a clear mind and head, especially if the post is heavy ….
Many times I try to completely forget the article or post from maybe just a week before….
Good News…. the Month of May was a success in clearing my mind as I accidentally pounded everyone over the head with Inflation stuff…..
My apologies, but it coming at us from so many directions made it top of mind….
At the Berkshire Hathaway meeting post, starring Warren Buffett and Charlie Munger, Inflation was all the chatter and a huge concern for them.
Then Here in our Jolts – job opening Post we looked at how there are tons of jobs to be had –
Here in our Favorite Dallas Federal Reserve Chair post, Robert Kaplan – Sooner rather than later, worries inflation may be coming if we stay too low on interest rates…
Lastly in this verbal tug of war post between Jim Bianco and Lacy Hunt, they could not more disagree very emphatically.
Time will tell who is correct in their thinking!
Have a Great Day, Talk to You at the End of June!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
Berkshire Hathaway Annual Meeting, Buffet Munger Analysis, Thoughts, High Points, Words to Live by and be Successful According to them …
On May 5-6 of 2023, the Annual Shareholder Meeting of Berkshire Hathaway (BH) occurred… if you are not familiar with BH, here is a nice review from Wikipedia.
At 92 (Warren Buffett) and 99 (Charlie Munger) a 7 hour marathon where random, unscripted questions are answered in very good form (if we could all be so lucky) makes for great theatre and some what of a cult like experience…
Until just a few years ago, thanks in part to the lockdown years, BH meetings … while not secret, were behind closed doors and demanded in-person attendance, even if one had to sit in the hall outside of the actual area of the meeting and watch a live feed of the event… today as noted, earlier in our pre-view post not only can you access the event live, but also in replay with the ability to turn up the speed !
Personal High Points of Interest from the Sped Up meeting (Live by comments at end):
Neither man would rather live in a different country or location, even while there are of course, short comings,
Warren would not mind starting over today with nothing, to see if he could do it again, Charlie, not so much.
Charlie: China and the US should just get along, do business together and jointly prosper, rather than bowing up to each other for perceived dominance. Was Russia in the day, today China. (Large Applause)
Not withstanding point one, the bifurcation and hatred in society is disheartening, unproductive and destructive according to both men.
Buffet reversed course on a $5 billion investment in a semiconductor company located in Taiwan due to tension, location and likely provoking point three above.
100 Year Plan/Dream/Desire (question from audience) Buffet explains to operate a Company that compliments society, is good for society and has good people working for it. (Simple, fresh, positive!)
Vice: NetJets – Charlie still rides in coach, even on NJ – Expensive, but worth it according to Warren, especially on overseas extended trips.
Absolutely bash (and do not care for), Venture Capitalists and Private Equity guys at every chance and state that at the onset of most deals, they are already looking for the escape hatch/sale.
BH is actually too big to make agile, more aggressive and growth like investments, which prevents it from being a growth like company. (Reiterated for years now)
Management Skill recommendation – “Phrase by name, criticize by category!”
Live on less then you earn to keep stress down.
You do not have to be lucky to make it.
Be nice to people.
Get toxic people out of your life.
From the infamous Buffett Shareholder letter, released 2-25-23
Early on, write your desired obituary – and then behave accordingly.
irrational and get lousy results.
thing for a long time is a huge advantage.
Remember, these are Warren and Charlie thoughts, only with a few comments and notes from us!
Have a Happy “Oracle of Omaha’s” day!
John A. Kvale CFA, CFP
Share this:
Like this:
Leave a comment
Posted in Education, Investing/Financial Planning, Market Comments
Tagged Berkshire Hathaway, Charlie Munger, Warren Buffett