In response to the bank’s failure in early March, U.S. officials made the controversial decision to protect all existing account holders including those who held deposits exceeding the $250,000 limit imposed by the Federal Deposit Insurance Corporation.

“I can’t imagine anybody saying I’d like to be the one [on] television tomorrow and explain [to] the American public why we’re keeping only $250,000 insured and we’re going to start a run on every bank in the country and disrupt the world’s financial system,” Buffett revealed during Berkshire Hathaway’s annual meeting on Saturday.

Following the start of the banking crisis, Buffett decided to pull back his banking investments. He criticized the banking sector for not sufficiently punishing the culprits of misdeeds.

Berkshire Hathaway’s banking portfolio suffered in the first quarter as a result of the financial sector’s instability, with its Bank of America stake declining by $4.7 million during the first three months of the year.

The post “Catastrophic” to Let SVB Depositors Lose Money, Buffett States appeared first on theprimarymarket.com.

Perhaps the biggest thing to take note of is the fact that although he could spend roughly endless amounts of cash, he’s famous for adopting a budget mindset and promoting the same to his fans.

Indeed, he told college students in a speech that “the biggest mistake is not learning the habit of saving properly.” He places a strong emphasis on the idea of habit and how hard it can be to break out of a bad one once you’re in a routine.

“Most behavior is habitual,” said the 91-year-old businessman. He also added another small dose of wisdom, saying that “they say that the chains of habit are too light to be felt until they are too heavy to be broken.”

Buffett’s words ring true on so many levels. Habits have a tendency of creeping up on us without us even realizing them. In that sense, they seem very light and benign at first. However, it’s only when we start to realize how they’ve affected us, for better or worse, that we realize how hard they are to shake.

The trick, according to Buffett, is to train ourselves to have productive habits instead of bad ones.

The post Warren Buffett Advises Not to Make This Money Mistake appeared first on theprimarymarket.com.

In response to the bank’s failure in early March, U.S. officials made the controversial decision to protect all existing account holders including those who held deposits exceeding the $250,000 limit imposed by the Federal Deposit Insurance Corporation.

“I can’t imagine anybody saying I’d like to be the one [on] television tomorrow and explain [to] the American public why we’re keeping only $250,000 insured and we’re going to start a run on every bank in the country and disrupt the world’s financial system,” Buffett revealed during Berkshire Hathaway’s annual meeting on Saturday.

Following the start of the banking crisis, Buffett decided to pull back his banking investments. He criticized the banking sector for not sufficiently punishing the culprits of misdeeds.

Berkshire Hathaway’s banking portfolio suffered in the first quarter as a result of the financial sector’s instability, with its Bank of America stake declining by $4.7 million during the first three months of the year.

The post “Catastrophic” to Let SVB Depositors Lose Money, Buffett States appeared first on theprimarymarket.com.

Perhaps the biggest thing to take note of is the fact that although he could spend roughly endless amounts of cash, he’s famous for adopting a budget mindset and promoting the same to his fans.

Indeed, he told college students in a speech that “the biggest mistake is not learning the habit of saving properly.” He places a strong emphasis on the idea of habit and how hard it can be to break out of a bad one once you’re in a routine.

“Most behavior is habitual,” said the 91-year-old businessman. He also added another small dose of wisdom, saying that “they say that the chains of habit are too light to be felt until they are too heavy to be broken.”

Buffett’s words ring true on so many levels. Habits have a tendency of creeping up on us without us even realizing them. In that sense, they seem very light and benign at first. However, it’s only when we start to realize how they’ve affected us, for better or worse, that we realize how hard they are to shake.

The trick, according to Buffett, is to train ourselves to have productive habits instead of bad ones.

The post Warren Buffett Advises Not to Make This Money Mistake appeared first on theprimarymarket.com.