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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Warren Buffett: ‘American magic’ will spur US economic recovery EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Warren Buffett: ‘American magic’ will spur US economic recovery EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    Warren Buffett: ‘American magic’ will spur US economic recovery

    The Invisible
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    Warren Buffett: ‘American magic’ will spur US economic recovery Empty Warren Buffett: ‘American magic’ will spur US economic recovery

    Post by The Invisible Sun May 03, 2020 7:37 am

    AFP – Billionaire investor Warren Buffet said Saturday he’s confident the US economy will bounce back from its pummeling by the coronavirus pandemic because “American magic has always prevailed.”

    The 89-year-old made the sanguine prediction about the world’s largest economy as his holding company Berkshire Hathaway reported first-quarter net losses of nearly $50 billion.

    Buffett also announced Saturday that his company had sold all its stakes in four major US airlines last month, as the pandemic clobbered the travel industry.

    “It turns out I was wrong,” he said of his acquisitions of 10 percent stakes in American Airlines, Delta Air Lines, Southwest Airlines and United Airlines.

    Berkshire Hathaway had paid $7 billion to $8 billion, and “we did not take out anything like that,” he said.

    Between the purchases that took place over months, and the sale, “the airlines business I think changed in a very major way” and could no longer meet Berkshire criteria for profitability, he said.

    Buffett’s announcement may further hurt airlines already pushed to the brink by coronavirus lockdown measures, now looking to the US government for $25 billion in relief funds.

    – ‘American miracles, American magic’ –

    Berkshire Hathaway, based in Omaha, Nebraska, called its first-quarter setback “temporary” but said it could not reliably predict when its many businesses would return to normal or when consumers would resume their former buying habits.

    “We’ve faced great problems in the past, haven’t faced this exact problem — in fact we haven’t really faced anything that quite resembles this problem,” Buffett said in a lengthy speech on the country’s economic history.

    “But we faced tougher problems, and the American miracles, American magic has always prevailed and it will do so again.”

    “We are now a better country, as well as an incredibly more wealthy country, than we were in 1789… We got a long ways to go but we moved in the right direction,” he said, referencing the abolition of slavery and women’s suffrage.

    “Never bet against America.”

    Buffett is considered one of the savviest investors anywhere. His fortune of $72 billion is the fourth-largest in the world, according to Forbes, and in normal years, the company’s annual gathering in Omaha is a high-point of the calendar for investors, a “Woodstock for capitalists.”

    But the devastating economic impact of the pandemic has hit hard at Berkshire Hathaway’s wide range of investments, and the need for social distancing forced it to hold the annual meeting online.

    Buffett addressed his shareholders in a livestream flanked only by Gregory Abel, who is in charge of Berkshire’s non-insurance operations.

    His business partner for six decades, 96-year-old Charlie Munger, did not appear.

    – Growth by one measure –

    Buffett, in a statement, played down his company’s bleak-looking net figure. He said a better measure of the company’s performance was its operating earnings, which exclude investments and are less subject to sharp fluctuations.

    By that measure, Berkshire Hathaway saw growth to $5.9 billion from $5.55 billion a year earlier.

    The brutal drop in the net — to a loss of $49.75 billion from a profit last year of $21.7 billion — resulted primarily from the virus-related decline in value of its broad investment portfolio, which ranges from energy to transport to insurance and technology.

    The annual meeting often has an almost carnival atmosphere, as thousands of fans and investors flock to Nebraska to hear from the celebrated “Oracle of Omaha.” Buffett, famous for his relatively modest lifestyle, turns 90 on August 30.

    In documents filed Saturday, Berkshire noted that until mid-March many of its companies were posting “comparative revenue and earnings increases” over the same 2019 period.

    Many of its companies — including in rail transport, energy production and some manufacturing and service businesses — are deemed essential and are able to continue working amid the far-reaching confinement orders.

    But their turnover slowed considerably in April, the company statement said.

    Moves taken by those companies such as employee furloughs, salary cuts and reductions, and capital spending reductions are “necessary actions” and “temporary,” it said.

    https://economynext.com/warren-buffett-american-magic-will-spur-us-economic-recovery-69509/
    කිත්සිරි ද සිල්වා
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    Warren Buffett: ‘American magic’ will spur US economic recovery Empty Re: Warren Buffett: ‘American magic’ will spur US economic recovery

    Post by කිත්සිරි ද සිල්වා Sun May 03, 2020 9:20 am

    I can see entrepreneurship hitherto dormant in many have woken up and that is a good sign.
    The authorities should not put their fingers in now and muddle the situation instead let the MARKET decides to weed out the unfit.
    Something good will eventually come about to stay here for good then.Very Happy

      Current date/time is Tue Jun 25, 2024 11:06 pm