저자: WarrenBuffett · 외국인
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워런 버핏의 인플레이션 대응 조언을 정리한 교육형 영상으로, 특정 종목이나 자산의 단기 가격 방향에 대한 예측은 없고 장기 투자 원칙을 다룬다. 핵심 결론: 인플레이션 자체는 개인이 통제할 수 없으므로 장기 투자 원칙을 유지하고 가격 결정력이 있는 우량 기업에 투자하는 것이 최선이라는 주장이다. 1) 인플레이션은 개인이 통제 불가: 버핏은 인플레이션이 거의 모든 사람을 속인다고 경고했고, 시장 변동과 세계적 사건은 개인 투자자의 통제 밖이라고 설명했다. 2) 가격 결정력이 있는 우량 기업 투자: 자본 요구가 적고 이익을 유지할 수 있는 기업, 특히 고객 이탈 없이 가격을 올릴 수 있는 기업이 인플레이션 시기에 유리하다고 보았다. 버핏은 이를 기업 평가에서 가장 중요한 요소로 꼽았다. 3) 인덱스펀드 분산투자: 버핏은 대부분의 개인에게 S&P 500 인덱스펀드 보유가 가장 현명하다고 언급했다. 액티브 펀드 다수가 장기적으로 지수를 하회한다는 데이터가 인용되었다. 4) 자기 자신에 대한 투자: 교육과 기술 습득을 통해 본인의 가치를 높이면 장기적으로 인플레이션을 방어할 수 있다고 조언했다. 5) 가치투자와 가치관 투자: 기업 가치보다 싸게 사서 오래 보유하는 전략을 강조했다. 버핏은 철도, 에너지, 보험 등 핵심 분야에 주목해 왔다. 6) 일반 채권 회피: 낮은 금리의 장기채는 인플레이션 환경에서 구매력이 훼손되므로 불리하다고 평가했다. 7) 과소비 억제와 금 회피: 불필요한 욕구를 줄이는 것이 인플레이션 방어에 도움이 된다고 보았고, 금은 배당이나 현금흐름을 주지 않아 선호하지 않는다고 밝혔다. 암호화폐에도 회의적이었다. 리스크/조건: 인플레이션이 지속될지 둔화될지는 예측하기 어렵다는 점이 명시되었다. 영상은 특정 자산의 1~3개월 가격 방향을 제시하지 않는다.
다듬은 글
the American economy is suffering from inflation which has driven up prices from groceries to gas although there aren't many people can do to prevent inflation at the register Berkshire Hathaway CEOs and renowned investor Warren Buffett thinks there are steps people may take to guard against its impacts hello everyone and welcome back to our channel in today's video we'll look at Warren Buffett's advice on how to invest during High inflation so make sure to stay until the end of the video to learn it all number one investors have no power over inflation Buffett warned investors on April 30 that inflation swindles practically everyone the cost of products and services is increasing so what one can buy with one dollar now is less than one could a year or two ago families in the United States are currently coping with Rising costs for food gas and housing to mention a few on top of Decades of income stagnation additionally wall Market fluctuations in major world events are beyond the power of a single investor consumers should concentrate on their own personal controllable as Buffett would say investing over the long term is often the greatest method to combat inflation so in most cases that means sticking with your current investing approach number two invest in solid businesses with modest Financial requirements Buffett has long supportive holding companies that provide significant Returns on the cash put in the company businesses with modest Capital requirements that can keep their profits should perform better during inflationary periods than those that must invest more money at ever higher prices merely to hold on to their position Buffett recently compared facing inflation's difficulties to racing up a down escalator Buffett stated to the financial crisis inquiry Commission in 2010 that accompanies pricing power was the single most critical factor in appraising a corporation you have the ability to raise prices without risking losing customers to arrival and your firm is doing quite well a company has a significant Advantage during periods of high inflation if it can raise prices because it can balance its own Rising costs number three index funds can offer straightforward efficient diversification Buffett is a huge supporter of index funds which are investment packages that replicate a specific market index such as the S and P 500 in May 2022 Buffett stated in my opinion for the majority of individuals the smartest thing to do is to own the S and P 500 Index Fund low-cost index funds enable you to purchase a diversified portion of a market or industry and often have lower costs than actively managed funds in real words it disperses the risk associated with your Investments which is crucial in times of turbulence the active management of a financial portfolio by purchasing individual stocks or stock picking may be costly time consuming and dangerous additionally according to financial counselor Kevin cheeks of San Francisco most professional money managers cannot regularly outperform the market 70 to 80 percent of fund managers will underperform a stock market despite having a few strong years the evidence shows that nearly 80 percent of actively managed funds according to S and P Dow Jones indices underperform the S and P composite 152021 according to cheeks investing more money in something that could not do well in the long run won't contribute as much to your portfolio on April 30th when questioned about stock selection Buffett responded Charlie Munger Vice chairman of Berkshire Hathaway and I haven't the foggiest clue what the stock market was going to do when it starts on Monday never have we I don't think one of us has ever suggested or been considering that we should purchase or sell based on what the market is likely to do he said or for that matter what the future holds for the economy we are unsure select an index such as the S and P 500 down Jones Industrial Average NASDAQ composite or Wilshire 5000 and a fund that tracks that index to get started with index funds the expense ratio or annual charge expressed as a percentage of your investment is a popular Criterion by which investors choose index funds when you're ready to buy you can do it using a brokerage account or an IRA two types of investing accounts access to index funds may also be provided by employer-sponsor retirement plans like 40p1 case number four invest in your own development to Excel and what you do Buffett advised shareholders in 2004 that one of the best ways to keep your purchasing power over time is to invest in your own Talent the top doctor or attorney in a city or town benefits from an education that was paid for with old dollars but they're able to charge their clients with today's money without having to retrain consider adding a new skill to your resume by enrolling in a local institution or using internet resources even while earning higher degrees can be pricey they can expand your knowledge base and make you an invaluable employee in the long run your ability to command your fair share of revenues over time will increase as you become more valuable to your firm and its clients number five value investing can be a wise course of action in 1974 Buffett advised Forbes Magazine buying to a firm because you want to own it not because you want the stock to increase one method for deciding where and when to invest is to evaluate a company's value value investing is purchasing high quality equities ideally at a discount and keeping them for an extended period of time there is also investing in line with your principles which is taking your social religious moral or environmental beliefs into account while making Investments Buffett has achieved moderate success for himself by utilizing both tactics for instance Buffett said that Berkshire Hathaway had bought 15 million shares of the gang business Activision Blizzard at this year's annual conference the purchase is one of the most recent instances of Buffett's method which involves purchasing undervalued shares at a favorable price rather than equities with significant growth potential regarding the values of Berkshire Hathaway Buffett has prioritized four key sectors energy Applebee NSF Railway and insurance Buffett calls the railroads the number one artery of American Business and a vital asset for America as well as for Berkshire in his 2021 letter to shareholders the foundation of Buffett's investment is his belief in the benefits railroads bring to society and in their positive environmental effects America's carbon emissions would soar if the numerous important goods be NSF transports were instead transported by truck he wrote choosing Investments based on your values can be crucial even if you only have 100 or 1 000 to invest cheeks guide clients through a variety of value-based investment decisions let's concentrate on what you need to do let's then consider how we may accomplish that through a certain lens such as being impactful or charitable he says number six stay away from conventional Bonds in his 2020 letter to Berkshire shareholders Buffett stated that bonds are not the place to be these days Bond investors could suffer severely in an inflationary climate because interest rates are still relatively low Buffett has noted that buying a 10-year bond with a yield of two percent is comparable to paying 50 times earnings for a company with the important exception being that the Bond's earnings cannot increase whether they are Pension funds Insurance firms or retirees fixed income investors around the world face a grim future he added number seven limit your desires Charlie Munger a business Associated buffetts and vice chairman of Berkshire Hathaway offers his own suggestions for how to deal with periods of excessive inflation Munger once said a Berkshire stockholders one of the great defenses to being worried about inflation is not having a lot of stupid Desires in your life in other words you have a significant defense against the vicissitudes of life if you haven't created a lot of Falls want to drown and consumer things consider using a budgeting tool to track your expenses to assist with this you'll have a better understanding of how you now spend your money and you might be able to spot dangerous spending spurts before they develop into a habit Buffett has avoided gold a commodity frequently seen as a fantastic inflation hedge gold supporters are particularly concerned about how inflation would affect paper money and Buffett shares this worry but if you own one ounce of gold all the time you will still own one ounce at the end of it he said in 2011 instead he favors owning valuable assets that produce dividends income and food for their owners such as stocks real estate or Farms cryptocurrencies have recently been touted as the digital equivalent of gold but Buffett is also very dubious of them it's still difficult to predict whether the current inflation rise will persist or if it will begin to decline if you're worried about growing inflation you might need Warren Buffett's advice and invest in productive assets like high quality companies with modest Capital requirements rather than low yielding bonds whose payouts don't align with inflation with that we've come to an end let us know your thoughts in the comment section below don't forget to give this video a thumbs up if you enjoyed it and subscribe to the channel if you haven't already see you next time
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