Munger, ECB, Jamie Dimon Predicts Stock Market Crash - Huawei Warns Survival Is All That Matters

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munger predict stock market crash - charlie munger predicts stock market crash & alibaba. why charlie munger is predicting a stock market crash. here's a great reminder from charlie munger if we experience a stock market crash in 2022:. charlie munger warns about possible economic collapse like the 1970's and a stock market crash which could happen with it. let's dig deeper into his stock market predictions for the next decade (2021-2031)... burry has been warning recently that a massive stock market crash is imminent.Show more

In an interview with the WSJ's Jason Zweig, best known for calling gold - whose price is now just shy of all time highs - a "pet rock" in 2015, Buffett's right hand man, Charlie Munger explained that Berkshire's patriotic buying would be far more muted this time... if at all:

"I would say basically we’re like the captain of a ship when the worst typhoon that’s ever happened comes. We just want to get through the typhoon, and we’d rather come out of it with a whole lot of liquidity. We’re not playing, ‘Oh goody, goody, everything’s going to hell, let’s plunge 100% of the reserves [into buying businesses].’"

He added, “Warren wants to keep Berkshire safe for people who have 90% of their net worth invested in it. We’re always going to be on the safe side. That doesn’t mean we couldn’t do something pretty aggressive or seize some opportunity. But basically we will be fairly conservative. And we’ll emerge on the other side very strong.”

Something else odd: unlike 2008 when every CEO was begging Buffett for a bailout, this time executives have learned that they can just go to the Fed. Asked if "hordes of corporate executives" are calling Berkshire begging for capital, Munger said “No, they aren’t. The typical reaction is that people are frozen. Take the airlines. They don’t know what the hell’s doing. They’re all negotiating with the government, but they’re not calling Warren. They’re frozen. They’ve never seen anything like it. Their playbook does not have this as a possibility."

He repeated for emphasis, "Everybody’s just frozen. And the phone is not ringing off the hook. Everybody’s just frozen in the position they’re in."

As Zweig correctly (this time) notes, "with Berkshire’s vast holdings in railroads, real estate, utilities, insurance and other industries, Mr. Buffett and Mr. Munger may have more and better data on U.S. economic activity than anyone else, with the possible exception of the Federal Reserve. But Mr. Munger wouldn’t even hazard a guess as to how long the downturn might last or how bad it could get."

“Nobody in America’s ever seen anything else like this,” said Munger. “This thing is different. Everybody talks as if they know what’s going to happen, and nobody knows what’s going to happen.”

Which is an interesting - if hypocritical - observation since if "nobody knows what's going to happen" how is everyone also saying it won't be a depression, Munger included?

"Of course we’re having a recession,” said Mr. Munger. “The only question is how big it’s going to be and how long it’s going to last. I think we do know that this will pass. But how much damage, and how much recession, and how long it will last, nobody knows."

He added, “I don’t think we’ll have a long-lasting Great Depression. I think

"I don’t think we know exactly what the macroeconomic consequences are going to be,” said Mr. Munger. “I do think, sooner or later, we’ll have an economy back, which will be a moderate economy. It’s quite possible that never again—not again in a long time—will we have a level of employment again like we just lost. We may never get that back for all practical purposes. I don’t know."

Munger may not know, but Buffett does and explains why this time he will not only not be buying, but in fact shuttering: