Buffett- Oracle CNBC interview

The Richest man on earth yesterday gave an interview with CNBC and this is the main pointer he had mention.

- First thing first is the recession in U.S. have started. people are losing money and selling houses and the currency going lower and oil price is going higher. (I think what he is trying to tell us is that there's not really a lot of spaces to take risk right now.) save money. (though bank interest rate gonna get lower) and bank on your own talent and skills (get a job that means), and you have not seen the bottom of construction related and other industry.

- then if you really want to invest, really have the money, can take low cost, index mutual fund (that's low cost, low risk)

- so which means no hedge funds. and from what i see he is not recommanding any fast rich scheme that's likely to take you no where at the moment

-though people are losing money but people buying houses now (those with extra money one of cors) are buying with half of what the price is last year. (you don't really need to wait til bottom to buy. just need to know you are not gonna earn a lot now.)

- which also means if you want to buy share. buy something that's gonna last, though not gonna win fast money but they are not gonna lose you money in a really long run. cos people still gonna eat chocolate, use gillett and eat bubble gum in the end. just buy some steady share. (but take it at your own risk. cos there are history of market crashes and none of those mention above are there to spare.)

- when asked by a viewer whether he should invest 100% of his interest in Berkshire, Buffett laugh and say he also invest 90% of his money in it only. so that's your answer, never one hundred percent in anything. (My bet buys gold haha)

-oh! one thing is that berkshire move some of his currency policy to Brazilian Real. because he says there's no reason to lose half of the currency value and keep staying in USD. but he is not moving all of it out of the currency.

- that's how you gonna invest. patience. no 100% on anything. and you dun need to predict to win. just need to earn higher than average of cost, interest and inflation to gain. gradually and steadily.