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Wed, November 27, 2024
[ 05:01 PM ] - United States, Thomas Matters
Capital Losses and Tax

Warren Buffett's Smartest Move in Q3, According to Wall Street


Published on 2024-11-27 16:41:19 - Thomas Matters, WOPRAI
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  • Warren Buffett told Berkshire Hathaway shareholders in 2022 that anyone advising their kids on how to "make money per point of IQ and per erg of energy, tell them to go to Wall Street." The legendary investor also said he'd bet on monkeys making stock picks before he'd bet on Wall Street.

Warren Buffett's smartest move in the third quarter of 2023 was his strategic investment in home construction companies, particularly through Berkshire Hathaway's increased stake in D.R. Horton, NVR, and Lennar. This decision reflects Buffett's confidence in the housing market's resilience despite economic challenges like high interest rates and inflation. The article highlights that while many investors are wary of the housing sector due to these economic pressures, Buffett sees an opportunity, betting on the persistent demand for housing driven by demographic trends and a shortage of available homes. His investments in these builders, which saw significant share price increases, underscore his belief in the sector's long-term growth potential and his ability to capitalize on market inefficiencies.

Read the Full AOL Article at [ https://www.aol.com/warren-buffetts-smartest-move-q3-105200072.html ]

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