Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Warren Buffet Would Be Surprised If Stock Prices Fell 50 Percent

NEW YORK (UPI) — Warren Buffet said Friday that he would be “surprised a lot” if stock prices globally fell by 50 percent, but said another financial crisis was possible.

The Oracle of Omaha, as Buffet is popularly called, said he did not expect stocks to fall from their current levels and that there would be another financial crisis “someday” but he didn’t think it would happen anytime soon. Buffet was making an appearance on CNBC’s “Squawk Box” when he made the comments.

“Humans will behave in crazy ways, both on the upside and the downside in the next 50 years. It’s very unlikely they do it in the next few years because after something like 2008, once they get out of the emergency room, they’re a little more careful for awhile,” said Buffet.

Buffet said that after reading a preliminary draft of former Treasury Secretary Tim Geithner’s memoir, he feels his calling the 2008 financial crisis an “economic Pearl Harbor” was an understatement.

Speaking of the economic recovery, following the country’s plunge into a recession, Buffet said that he believes “this country will come through anything.” He said that since its founding, Berkshire Hathaway stock had dropped 50 percent four times but has always rebounded.

Buffet has been outspoken critic of the Bitcoin cryptocurrency and continued to ask people to stay away from it, calling it a “mirage” without any intrinsic value.

Buffet also had some advice for General Motors, the company currently embroiled in allegations that suggest it did not recall vehicles despite knowing they had faulty ignition switches.

“Get it right, get it fast, get it out, get it over, but get it right first,” he said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Warren Buffet Would Be Surprised If Stock Prices Fell 50 Percent”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.