{"id":3266,"date":"2022-06-23T14:39:12","date_gmt":"2022-06-23T14:39:12","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/"},"modified":"2025-03-13T02:44:15","modified_gmt":"2025-03-13T02:44:15","slug":"berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/","title":{"rendered":"Berkshire Hathaway CEO Gino Blefari’s advice for coping with a downward-moving market"},"content":{"rendered":"\n

Berkshire Hathaway Inc. <\/strong>Chairman and CEO Warren Buffett once said: \u201cOnly when the tide goes out do you discover who\u2019s been swimming naked.\u201d Today\u2019s housing market is about to become a living, breathing example of that \u2014 our tide is going out and we\u2019re going to find out exactly who looks ready to swim.<\/p>\n\n\n\n

In a\u00a0Harvard Business Review\u00a0<\/strong>article<\/a> by contributor Kelsey Miller, the author cites research that found 53% of leaders become \u201cmore closed-minded and controlling\u201d during high-pressure situations, and 43% of leaders become \u201cangry and heated.”<\/p>\n\n\n\n

Reacting to a challenging situation with anger or indignation will never solve the problem. Instead, the more complex the conflict, the more necessary it is to face the situation with calm, rational and intentional thinking. <\/p>\n\n\n\n

And while there may be negative connotations to a softening market, it\u2019s not a bad thing. It simply means those who are ready, focused, committed and willing to do whatever it takes (the hard and not the easy) will prevail. Those who don\u2019t, won\u2019t. <\/p>\n\n\n\n

If you\u2019re wondering what that commitment, focus and determination looks like in tangible terms, here are a few ways to prepare for a downturn in the marketplace:<\/p>\n\n\n\n

Have a plan.\u00a0<\/h4>\n\n\n\n

Having a great plan is the backbone of resiliency and effectiveness for any leader navigating through more challenging times. <\/p>\n\n\n\n

Remember, the playbook you used in easier circumstances may not apply in a downward-turning market. McKinsey & Company<\/strong> analyzed the performance of about 1,000 large, publicly traded companies through the 2008 financial crisis and found there was a small group of companies that outperformed similar companies in their industry. <\/p>\n\n\n\n

By 2009, those companies\u2019 earnings went up about 10%, while the other companies saw earnings fall by almost 15%. The difference, McKinsey found, was that the more resilient companies had effective operational action plans in place, then executed with excellence on those plans.<\/p>\n\n\n\n

Educate your team. <\/h4>\n\n\n\n

When you educate your team, you develop future leaders from within your organization who can help strengthen the company and provide guidance to their departments. More education leads to higher efficiency in all levels of the organization. Studies continually show when managers are better educated, their teams are more engaged; and highly engaged teams positively correlate to increased motivation and productivity.<\/p>\n\n\n\n

Grow and hone your skills.\u00a0<\/h4>\n\n\n\n

As we say, arrogance is the precursor to disaster. Once you think you know it all, your slide to mediocrity has already begun. In a downward-moving market, there is simply no room for mediocrity. Anything short of excellence won\u2019t cut it. Become a perpetual student of your industry and expand your skill set. Read more. Listen to more podcasts. Attend more conferences, whether virtual or in-person. Enhancing your skills will help unlock any challenges presented by a more difficult market. <\/p>\n\n\n\n

And the skills you grow shouldn\u2019t just be task-oriented; you should also hone your skill set to expand your emotional intelligence. This will allow you to create deeper connections with your team, express ideas clearly and display rational thinking, especially under pressure.<\/p>\n\n\n\n

Develop good habits.\u00a0<\/h4>\n\n\n\n

Having good habits<\/a> is the best way to execute on what you know. By creating great daily habits, you can ensure you\u2019re capturing your share (or more than your share) of the market. Remember habits guru and \u201cAtomic Habits\u201d author James Clear\u2019s tip<\/a> for developing habits:\u00a0stack them.\u00a0If you already have an existing habit that is positive, stack another one on top. You\u2019re more likely to stick to a habit if it\u2019s attached to one already existing in your routine. <\/p>\n\n\n\n

For instance, if your habit is to go for a run every morning, you can stack that habit with drinking 16 oz. of water after your run is completed. Habits shouldn\u2019t just be developed for your morning routine, though a solid morning routine\u00a0will\u00a0set you up for success throughout the day. <\/p>\n\n\n\n

Your daily habits should focus on sticking to the Wildly Important Goals <\/a>you have for your business. Remember Clear\u2019s message: \u201cYou do not rise to the level of your goals. You fall to the level of your systems.\u201d<\/p>\n\n\n\n

Lean on your support system and mentors.\u00a0<\/h4>\n\n\n\n

The strongest leaders know they cannot lead alone. John F. Kennedy relied on his brother, Robert Kennedy, for advice and guidance. Steve Jobs had a Silicon Valley mentor in Bill Campbell. Walgreens<\/strong> CEO Roz Brewer \u2014 the highest paid female CEO, according to a 2021 report \u2014 said this to the\u00a0Atlanta Business Chronicle<\/strong>\u00a0about how a board of directors at a college should function to help leadership, and the sentiment is universally applicable: \u201cThey need a confidant, they need guidance and help and support to pull off a pretty big job.\u201d<\/p>\n\n\n\n

Be like Bill\u00a0Campbell.\u00a0One of Steve Jobs\u2019 most trusted advisors, Bill Campbell, was known around Silicon Valley circles as \u201cthe coach.\u201d He coached CEOs like Larry Page, Sergey Brin, Sundar Pichai and Jobs, and was the head coach of Columbia\u2019s<\/strong> football team from 1974 – 1979. At one point in his renowned career, Campbell was brought on to help senior leadership at struggling tech company, Go<\/strong>. <\/p>\n\n\n\n

When Go CFO Randy Komisar was asked by\u00a0Harvard Business Review\u00a0author Robert I. Sutton what made Campbell so special, able to guide the leaders during a particularly hard time yet still allow everyone to feel invested in the success of the organization, Komisar said: “Campbell\u2019s door was always open for one-on-one meetings with every team member of the company, regardless of their title; he singled out people during company presentations to compliment them on a job well done; he knew how much his attention meant to the team and held people accountable based on this idea \u2014 if someone met their commitments, they received more attention from Campbell; and he was highly visible at all levels of the organization.Resist being casual about\u00a0anything.\u00a0Casualness creates casualties.” <\/p>\n\n\n\n

Even the smallest task should not be taken with a casual attitude. As Yoda said: \u201cDo or do not. There is no try.\u201d As Ralph Waldo Emerson once said, \u201cDo the thing, have the power.\u201d<\/p>\n\n\n\n

So, what\u2019s the message? A downward-turning market is not a hindrance but a welcomed challenge, and \u201cchallenge\u201d is defined in the Oxford Dictionary as \u201da call to take part in a contest or competition.\u201d Leaders, this is your call to take part, this is your chance to show the world what you\u2019ve got. When you do, you\u2019ll lead \u2014 and succeed \u2014 through\u00a0anything.<\/p>\n","protected":false},"excerpt":{"rendered":"

While there may be negative connotations to a softening market, it’s not a bad thing for brokerage leaders who are focused and committed.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[2727],"class_list":["post-3266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nBerkshire Hathaway CEO Gino Blefari's advice for coping with a downward-moving market - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"While there may be negative connotations to a softening market, it's not a bad thing for brokerage leaders who are focused and committed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Berkshire Hathaway CEO Gino Blefari's advice for coping with a downward-moving market\" \/>\n<meta property=\"og:description\" content=\"While there may be negative connotations to a softening market, it's not a bad thing for brokerage leaders who are focused and committed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gino Blefari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@traceyveltFL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gino Blefari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\"},\"author\":{\"name\":\"Tracey Velt\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d\"},\"headline\":\"Berkshire Hathaway CEO Gino Blefari’s advice for coping with a downward-moving market\",\"datePublished\":\"2022-06-23T14:39:12+00:00\",\"dateModified\":\"2025-03-13T02:44:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\"},\"wordCount\":1084,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\",\"name\":\"Berkshire Hathaway CEO Gino Blefari's advice for coping with a downward-moving market - RealTrends - Blog\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"datePublished\":\"2022-06-23T14:39:12+00:00\",\"dateModified\":\"2025-03-13T02:44:15+00:00\",\"description\":\"While there may be negative connotations to a softening market, it's not a bad thing for brokerage leaders who are focused and committed.\",\"breadcrumb\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"contentUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"width\":1200,\"height\":675,\"caption\":\"9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/preprod.realtrends.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Berkshire Hathaway CEO Gino Blefari’s advice for coping with a downward-moving market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#website\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/\",\"name\":\"RealTrends - Blog\",\"description\":\"Empowering Real Estate Decisions with Trusted Insights.\",\"publisher\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/preprod.realtrends.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\",\"name\":\"RealTrends - Blog\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png\",\"contentUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png\",\"width\":2321,\"height\":227,\"caption\":\"RealTrends - Blog\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d\",\"name\":\"Tracey Velt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/image\/9b3cf1be6b1fb876ab0bd60ce0a485d0\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g\",\"caption\":\"Tracey Velt\"},\"description\":\"Tracey Velt is the Senior Director of Data & Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine. She resides in Florida.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/traceyvelt\/\",\"https:\/\/x.com\/traceyveltFL\"],\"url\":\"https:\/\/preprod.realtrends.com\/blog\/author\/tvelt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Berkshire Hathaway CEO Gino Blefari's advice for coping with a downward-moving market - RealTrends - Blog","description":"While there may be negative connotations to a softening market, it's not a bad thing for brokerage leaders who are focused and committed.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/","og_locale":"en_US","og_type":"article","og_title":"Berkshire Hathaway CEO Gino Blefari's advice for coping with a downward-moving market","og_description":"While there may be negative connotations to a softening market, it's not a bad thing for brokerage leaders who are focused and committed.","og_url":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/","og_site_name":"RealTrends - Blog","og_image":[{"width":1200,"height":675,"url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","type":"image\/png"}],"author":"Gino Blefari","twitter_card":"summary_large_image","twitter_creator":"@traceyveltFL","twitter_misc":{"Written by":"Gino Blefari","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#article","isPartOf":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/"},"author":{"name":"Tracey Velt","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d"},"headline":"Berkshire Hathaway CEO Gino Blefari’s advice for coping with a downward-moving market","datePublished":"2022-06-23T14:39:12+00:00","dateModified":"2025-03-13T02:44:15+00:00","mainEntityOfPage":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/"},"wordCount":1084,"commentCount":0,"publisher":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#organization"},"image":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage"},"thumbnailUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","articleSection":["Archive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#respond"]}],"isAccessibleForFree":"False","hasPart":{"@type":"WebPageElement","isAccessibleForFree":"False","cssSelector":".wp-block-housingwire-piano-member"}},{"@type":"WebPage","@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/","url":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/","name":"Berkshire Hathaway CEO Gino Blefari's advice for coping with a downward-moving market - RealTrends - Blog","isPartOf":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage"},"image":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage"},"thumbnailUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","datePublished":"2022-06-23T14:39:12+00:00","dateModified":"2025-03-13T02:44:15+00:00","description":"While there may be negative connotations to a softening market, it's not a bad thing for brokerage leaders who are focused and committed.","breadcrumb":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#primaryimage","url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","contentUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","width":1200,"height":675,"caption":"9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d"},{"@type":"BreadcrumbList","@id":"https:\/\/preprod.realtrends.com\/blog\/2022\/06\/23\/berkshire-hathaway-ceo-gino-blefaris-advice-for-coping-with-a-downward-moving-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/preprod.realtrends.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Berkshire Hathaway CEO Gino Blefari’s advice for coping with a downward-moving market"}]},{"@type":"WebSite","@id":"https:\/\/preprod.realtrends.com\/blog\/#website","url":"https:\/\/preprod.realtrends.com\/blog\/","name":"RealTrends - Blog","description":"Empowering Real Estate Decisions with Trusted Insights.","publisher":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/preprod.realtrends.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/preprod.realtrends.com\/blog\/#organization","name":"RealTrends - Blog","url":"https:\/\/preprod.realtrends.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png","contentUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png","width":2321,"height":227,"caption":"RealTrends - Blog"},"image":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d","name":"Tracey Velt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/image\/9b3cf1be6b1fb876ab0bd60ce0a485d0","url":"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g","caption":"Tracey Velt"},"description":"Tracey Velt is the Senior Director of Data & Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine. She resides in Florida.","sameAs":["https:\/\/www.linkedin.com\/in\/traceyvelt\/","https:\/\/x.com\/traceyveltFL"],"url":"https:\/\/preprod.realtrends.com\/blog\/author\/tvelt\/"}]}},"jetpack_featured_media_url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/3266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/users\/15802"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/comments?post=3266"}],"version-history":[{"count":1,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/3266\/revisions"}],"predecessor-version":[{"id":7967,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/3266\/revisions\/7967"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/media\/4822"}],"wp:attachment":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/media?parent=3266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/categories?post=3266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/tags?post=3266"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/coauthors?post=3266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}