At Berkshire Hathawayâs annual shareholder meeting in May 2021, Warren Buffett expounded a prescient message, one that could spell doom and gloom for both Tesla and Apple in 2023. This was his lesson to investors⦠At Berkshire Hathawayâs annual shareholder meeting in May 2021, Warren Buffett expounded a prescient message, one that could spell doom and gloom for both Tesla and Apple in 2023. This was his lesson to investors⦠[Wealth Daily] Alexander Boulden / Jan 04, 2023 Tesla and Apple: Doomed in 2023? "The world can change in very, very dramatic ways." â Warren Buffett --------------------------------------------------------------- Warren Buffettâs Berkshire Hathaway held its annual shareholder meeting in May 2021. As he always does, the âOracle of Omahaâ offered up some sage investing wisdom that we should be mindful of as we invest in the new year. At the meeting, he looked at the largest 20 companies by market cap on the New York Stock Exchange in 1989 and pointed out something odd, almost disturbing... It was that none of the top 20 companies in 1989 were the top 20 companies at the time of the meeting. Here were the top six companies in 1989: - Industrial Bank of Japan
- Sumitomo Bank
- Fuji Bank
- Dai-Ichi Kangyo Bank
- Exxon Corp.
- General Electric At the time, Japan had a booming stock market, which is why so many of the top stocks were from Japanese banks and companies. Just over 30 years later, the stock market looks unrecognizable. Here are the top six at the time of the shareholder meeting in 2021: - Apple
- Saudi Aramco
- Microsoft
- Amazon
- Google
- Facebook Buffett expounded a prescient message after his presentation, one that could spell doom and gloom for both Tesla and Apple in 2023. This was his lesson to investors... [QUIZ] 46 BILLION Barrels of Oil?! A massive $5.9 trillion oil boom is about to take place. Three tiny companies just acquired the rights to mine an untapped patch holding 46 billion barrels of oil in a mystery location... And it even has the potential to reach $9 trillion in value if prices reach $200 per barrel! So which country do you think will lead this upcoming oil surge? - Venezuela
- Saudi Arabia
- Canada
- Russia Think you know the answer? [See if youâre right!]( Companies Change Itâs exceptionally difficult, if not futile, to cherry-pick stocks. At the end of the day, the top companies will change over time. It doesnât mean that these companies are bad investments, especially when factoring in dividends, but Buffett believes investors should diversify their holdings. As the Oracle said, âOne thing it shows, incidentally, is itâs a great argument for index funds. The main thing to do is be aboard the ship.â We donât know what factors might affect a stockâs near-term price action. All we can do is be in the markets in the first place and catch the tide as it lifts all boats. Industries Change The second key takeaway is that the dominant industries change. Itâs just human nature, as fads come and go, especially in the tech industry. But why are the top companies so dramatically different in Buffettâs example? Well, as Buffett put it himself, âThe world can change in very, very dramatic ways.â This is probably the most important takeaway from the entire shareholder meeting. Just think about how much has changed since May 2021... The world has in fact changed in dramatic ways, and in ways that none of us could have predicted. And itâs these changes that directly affect the market caps of the top companies on the market. And while we canât predict which companies will rise and fall, we can look at the trends and themes to make the best educated guess. The New Emperor of Energy Storage Youâre looking at the future of a $3.3 trillion industry. Thanks to this groundbreaking innovation, clean energy can be fed to the power grid 24/7... Regardless of whether the sun is shining or the wind is blowing. I call it the "Newton Battery," and it crushes every other battery on the market. The Swiss and the Saudis are already using it. And grids across the globe will be using this battery before we know it. Itâs all possible thanks to one tiny companyâs patented tech. The best part is that 99% of investors have no idea that it just went public... [Get in on the ground floor now, before it's too late.]( The World Changes Not only do the top companies and sectors change, but the countries producing the top companies change as well, albeit not as dramatically. According to Squord, a company that specializes in African capital markets, this is an argument for investing globally. After the shareholder meeting, Squord posted, âThe top 20 list will continue to have companies from all over the world. There may always be a dominant country and legacy attendees, but there will always be new entrants. That is why being globally diversified (as an investor and as a company) is not a bad idea. With globalization, the companyâs country of origin may even be an outdated concept.â The writer finishes by saying they are still bullish on Africa. And they may be on to something here, but not in the way you might think. As of this writing, the top five companies by market cap in the stock market today include Apple, Microsoft, Google, Amazon, and Berkshire Hathaway. As the world starts to shift, will these companies remain at the top? Tesla and Apple Are Struggling While itâs true companies like Apple and Tesla have helped society, theyâve also exploited the lives of millions. And as the world digests the harm these companies have done, we might see a major shift in the technologies we use in the near future. Electronics manufacturers, specifically those using batteries â which is basically every major manufacturer, including Tesla, Apple, and Samsung, to name just a fraction â are in serious trouble. Siddharth Kara, a Harvard professor and expert on modern-day slavery, human trafficking, and child labor, is releasing a book this month called Cobalt Red: How the Blood of the Congo Powers Our Lives. Two weeks ago, he spoke with Joe Rogan about the horrors of cobalt mining in the Congo. New Robot Has Tech Execs Scrambling You might not believe this is even real, but I assure you this video has been left unedited. Nearly every tech company in the world is scrambling to get its hands on this tech. And investors are set to profit handsomely. Get the details on [our Top 3 Stocks Picks here.]( Cobalt is an essential rare earth metal found in any electronic device that has a rechargeable battery. I suggest watching or listening to the whole episode if you have time. It shows the exploitation and criminality at the bottom of our electronics supply chain. The fallout from this will be massive. The market won't be kind to companies like this. Teslaâs down 10% to start the year. Apple's down 15%. Bloomberg posted this week that Elon Musk has become the fist person ever to lose $200 billion. Things arenât looking good for Big Tech. Maybe itâs why Musk sold billions of dollarsâ worth of Tesla stock this year. In December, he sold nearly 22 million shares, worth $3.6 billion. Thatâs a gigantic sell! In all my time covering insider trading, Iâm not sure if Iâve ever seen such a massive dumping of shares. Itâs unprecedented, and itâs drawing a lot of attention. Now, while itâs true half of Teslaâs new batteries are cobalt-free, it feels like itâs too little too late. Itâs probably why former Tesla employees are fed up with Elon Musk and starting their own company. In fact, [this new EV company is trading for less than $4](, giving investors a shot at huge potential gains. This could be bigger than Tesla. To get the new year started off right, weâve put together a presentation on the whole story. [Check it out here](. Stay free, Alexander Boulden
Editor, Wealth Daily [[follow basic]Check us out on YouTube!]( After Alexanderâs passion for economics and investing drew him to one of the largest financial publishers in the world, where he rubbed elbows with former Chicago Board Options Exchange floor traders, Wall Street hedge fund managers, and International Monetary Fund analysts, he decided to take up the pen and guide others through this new age of investing. Want to hear more from Alexander? [Sign up to receive emails directly from him]( ranging from market commentaries to opportunities that he has his eye on. [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}.
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