[MCN] Warren Buffett's Berkshire Hathaway investment fund is ready for, virtually predicting, the next recession; I.e., the next bust

[Lance Olsen]

CNN’s reference to “terrifying” suggests that Buffett’s readiness for a next recession is what’s terrifying. His readiness isn’t what's really the scary thing here. He’s far from alone in looking head and sensing trouble for this ever-endangered beast we refer to as “the economy.”

The scary thing, and we’ve been through this before — so that it’s basically pretty predictable -- is what happens when another economic boom goes bust.

That said, CNN does an informative job in describing exactly how seriously Buffett has been getting ready

https://www.ccn.com/mungers-dire-warning-makes-berkshires-cash-pile-terrifying/ <https://www.ccn.com/mungers-dire-warning-makes-berkshires-cash-pile-terrifying/>


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“Booms have consequences.”

Grant, James. Money of the Mind : Borrowing and Lending in America from the Civil War to Michael Milken. Farrar Straus Giroux. 1992

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“It is no coincidence that the deepest and most protracted recessions in recent decades have taken hold in countries that experienced booms …” 

The Economist, July, 2001 

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