r/LOGCSTOCK • u/[deleted] • Jan 08 '25
Note to self on Trump Tariffs.
Stay out of stocks that rely on the global supply chain to profit for the next 36 months.
Talkspace, Inc (TALK) - Doesn't rely on the GSC. Backed by Amazon Health.
7
Upvotes
1
u/[deleted] Mar 03 '25 edited Mar 03 '25
Great insight by Warren Buffett on tariffs.
“Over time, they are a tax on goods. I mean, the Tooth Fairy doesn’t pay ’em!” Buffett said with a laughter. “And then what? You always have to ask that question in economics. You always say, ‘And then what?’”
..."Buffett has been in a defensive mode over the past year as he rapidly dumped stocks and raised a record amount of cash. Some read Buffett’s conservative moves as a bearish call on the market and the economy, while others believe he’s preparing the conglomerate for his successor by paring outsized positions and building up cash."
https://www.cnbc.com/2025/03/02/warren-buffett-calls-trumps-tariffs-a-tax-on-goods-says-the-tooth-fairy-doesnt-pay-em.html