Warren Buffett has earned the reputation of being one of the best investors of the 20th century . For many, the one in the highest position in the ranking. What the Oracle of Omaha says goes a long way, and every advice he gives is quickly applied and replicated. Surely many people have put into practice what he calls the 20-Slot Rule , which could be translated as 'rule of 20 spaces' . Berkshire Hathaway Vice Chairman Charlie Munger , in a 1994 commencement speech at the University of Southern California, explained this rule, which he says Buffett often explains to young students when he gives talks at business schools . What is Warren Buffett's '20-space rule'? Warren Buffett's '20-space rule' is actually something very basic, in fact, both he and Munger consider it a no-brainer that all investors should take into account. It consists of having a ticket (like those used in bingo) with 20 spaces, which are the 20 investments you can make throughout your life. Each time you make one, you cross out a number or punch holes in the card.
In this way, Buffett points out, you will have to think very carefully about each of your financial decisions and focus on what you really think, so you will do much better. Warren Buffett's secret portfolio valued at almost $6 billion and his top 10 holdings The Oracle of Omaha himself, as recalled in this CNBC article , commented in a conference at the University Norway WhatsApp number of Florida in 1998 that even if you have 20 investment opportunities throughout your life, only 3, 5 or 7 can make you rich. What you can't do, he emphasized, "is try to get rich by trying a new idea every day . " Buffett, against cryptocurrencies As said at the beginning, every investment advice from Warren Buffett is immediately put into practice . Every opinion of the veteran investor is taken into account and can change perspectives and opinions. Surely many people who had decided to invest in cryptocurrencies have started to think about it after hearing him say that " bitcoin is like a gambling token, it has no intrinsic value.
That does not prevent, he continued, "people from wanting to play roulette, betting against all odds and the winners being able to transfer their enthusiasm to the rest of the people." What Warren Buffett would do if he were 30 years old and had a million dollars: "I would invest it all in an index fund, forget about it and go back to work" Bitcoin's longevity , he argued, reflects speculation, a strong gambling instinct among humans and more people wanting to buy and then exit. "There has simply been an explosion of gambling. Millions of people discovered they could have a roulette wheel at home," Buffett said. A recession should not be completely ruled out; After all, the Federal Reserve believes that increasing unemployment is a way to control inflation. But the most worrying time to fear a recession was last year, when housing investment was plummeting, global growth was faltering and energy prices were soaring. Today, most of the headwinds are subsiding: The drop in mortgage rates at the beginning of the year has already boosted activity in the real estate market.