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Become a member of this channel and get benefits: / @byby-v6n Recently, Buffett, in a rare "last letter"-level letter to shareholders, severely criticized the government's massive debt and currency flooding, warning that if "fiscal stupidity" continues to prevail, paper money may eventually become a pile of worthless paper. Why did this stock god, who has always been cautious and optimistic, speak out so strongly? This video takes you through Buffett's words and analyzes his deep concerns about inflation, US dollar credit and stock market bubble. By looking back at historical tragedies such as the 1929 stock market crash, the 2000 Internet bubble, and the 2008 financial crisis, we can see the typical signs of the "eve of the collapse" - over-enthusiastic speculation, crazy money printing leading to inflated assets, and investors being paralyzed by the myth that "this time is different." Although Buffett reiterated that he would "hold good companies for the long term", he actually held an unprecedented amount of cash, indicating that he was unwilling to rush into the market at a bubble valuation. Looking to the future, if the market really falls into a major adjustment or even collapses, Buffett, who has always been good at buying at the bottom against the trend, may replicate the successful model in previous crises. For ordinary investors, how can they learn from the warnings conveyed by this suicide letter? How to deal with possible stock market shocks or higher inflation? This film will provide historical reviews and strategic advice to help you view market risks rationally and maintain calm and judgment in the storm.