Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway and is one of the most successful investors in the world. He has a net worth of over $103 billion as of August 2022, making him the world's seventh-wealthiest person. (137.4 billion in March of 202)
Most people already know who this man is, but his advice here is potentially broad-based in its application.
Buffett says, “You never know who is swimming naked until the tide goes out,” for his purpose, the tide would probably be a person’s accurate financial profile left on its own when the market drops.
For the employed, it could be their skills and knowledge while still used, and the tide would go out when the job ends.
It could determine whether you have what you claim based on your current standing. Consider yourself the focus and priority instead of thinking about financial stress. Could you tell me if you are bluffing your existing or potential employer? Do you have the needed skills and training you need?
