Doug Casey - The Coming Storm 2021

 

Doug Casey: Is Anywhere Safe From the Coming Storm?

Doug Casey’s Take, Released on 11/17/20

Between the Greater Depression and lock-down restrictions, many places will become more and more inhospitable. In today’s episode, Doug Casey goes country by country and explains where he thinks one might best ride out the storm.

Doug Casey is an American-born libertarian economist and advocate of the free market.

Warren Buffett has been a guiding light for investors for decades. Last week, I’d discussed some Buffett-inspired tips for Canadians to consider after the United States presidential election. Chatter over the election is giving way to the COVID-19 pandemic, as countries across the Western world are ramping up restrictions. The last time we entered a phase of lockdowns, the market suffered a sharp downturn. What can we glean from Warren Buffett’s latest moves in this uncertain environment? Let’s dive in.

Warren Buffett: What do his recent moves tell us?

In its third quarter results, Warren Buffett’s company Berkshire Hathaway divulged new investments in top vaccine makers. These included Merck & Co. and Pfizer. Last week, Pfizer made waves in the market after it announced that its vaccine candidate had achieved 90% effectiveness to date. Moderna, another company in the vaccine race, released data for a vaccine with almost 95% effectiveness in held trials. This is very encouraging, but we have a tough road ahead in the near term.

While Warren Buffett has added to his stake in the vaccine race, he has started to distance himself from top banks. Berkshire cut stakes in Wells Fargo and JPMorgan Chase in its most recent quarter.

How can Canadians emulate the Oracle of Omaha?

Canada does not boast a publicly listed healthcare company that is racing to produce what will almost certainly turn out to be the most lucrative vaccine in history. However, there are still exciting TSX stocks in the healthcare space that have surged during this crisis. Canadians looking to emulate Warren Buffett should consider these stocks today.