Buffett is the kind of folk that sits in the corner while everybody dances and gets drunk laughing at him until the music stops, the lights go on and he is the only one whose watch and wallet hasn't been stolen.
Charlie always likes to look like he did all this homework by having stacks of papers all around that he never uses. His questions come off of just one page.
"terrific economy?" naw, the #1 debtor nation in the world is not "terrific." 5:58 "no one saw the tsunami coming." NOT TRUE. Some people did, but NOT HIM. He needs to speak for himself.
10:59 Determination, act swiftly 12:00 Right ppl with more tools, Treasury borrow can unlimited amounts unlimited terms buying assets at 20cents on a dollar 17:01 De-leverage caused wide spread crisis 17:22 Derivatives, AIG, easy to report profits on paper, financial weapon of mass destruction 20:41 the 3 “I”s: innovator, imitator, idiot 21:19 Housing, easy to buy, believe in appreciation 23:18 Confidence is the key
Everyone during 2008 crisis was in panic thinking the world is finish shorting their positions trying to cut their stakes in various companies. Meanwhile Buffet was preparing to pour his money into the market after the storm settles because in his mind stocks at 60% discount now and the US is too big to fail, if things got worst the treasury is going to print billions and billions and recirculate this cash to other securities.
2:05 The reason we haven't used our cash is that we didn't see things that were that attractive 2:15 There are times when cash buys more than at other times 2:25 You wanna be greedy when others are fearful and fearful when others are greedy
23:00 Confidence in markets/institutions is a lot like oxygen, when you have it you don’t think about it, indispensable, when it’s gone for 5 mins that’s all you could think about. Confidence will always come back.
Warren is such a brilliant orator and explainer of concepts with a clear mindset. I especially loved his Cinderella comment where everyone wants to leave "2 mins to midnight" but there are no clocks on the wall
I know this was uploaded in Nov 2020, but the fact that this only has roughly 13k views is actually sad ESPECIALLY given the current times we are in! T H I S I S A B S O L U T E G O L D !
Does Ge has strong supplies to mass demand. Does Ge has strong market cap. Does Ge make profits and revue in come. Does Ge has big debts like Trump. Does Ge cash spending more to run the operation than income it receive. Does Ge able to keep up innovation and expansion because the market cap increase. Does other industries same with Ge are they new and better. Does Ge issue strong dividends for market holders and as well how frequently.
The supplies and the resources all of this can not mis plan or neglect or error. The demand also from plan. The inflation must control. And must watch contributors intention good no harm or bad make harm to the masses population that damage the common wealth.
Buffett is absolutely correct. 2008 was the fault of everyone who took part in the real estate market. The buyers and the lenders were both at fault as well as any government involvement in the market. "Fault" is a strong word though. Bubbles are normally not the result of malicious intent. They arise because humans aren't great at knowing the value of things precisely. When you see the price of something, you don't know if it's a fair price just that it's the going rate for it. You have an idea of what you THINK is a good price, but the problem is we aren't perfect at pricing things. So slowly over time the price can creep upwards. And as prices creep upwards people SEE prices creeping up and eventually they will buy because "If I don't buy now I'll have to pay more later" and "If I buy now I can sell in 2 years and make money. The price will just keep going up" and what happens is eventually people start saying "500k for a house is too much. I'll never pay that off" and now people are stuck with their houses unable to sell them so they start lowering the asking price. As prices all around you start to fall you panic because now you're upside down on your loan and you get out. The banks are holding all the houses and no one is paying the mortgages and everything implodes. You shouldn't have bought the house based on the idea that the house was always going to go up in value The banks shouldn't have loaned to people unlikely to pay back
"we have a wonderful economic formula in this country"......We do? The formula is "print more money." It's easy to be prosperous with a govt blank check. The chickens are coming home to roost.
So nice to see this interview still online and well received. In particular 37:00 ff - as a matter of choice and US preference alone the US (and the Western world with her) today is in the position, she is. Blaming it on any 'outside' seems to be stupid, selfish, ridiculous, somehow fashistic and irresponsable - but method of first choice for crooks and loosers. Nobody had been able to force the US in wrong decisions - but to the opposite: rational behavior of the others like Russia or China by contrast helped the US to be better off today, as the US would be off today, with a less rational response from the outside, competing countries to US doing, than we have seen (thank god, it was so up today)
Buffett is the kind of folk that sits in the corner while everybody dances and gets drunk laughing at him until the music stops, the lights go on and he is the only one whose watch and wallet hasn't been stolen.
Gay
He was at the party early before the sun went down and drank everyone else's drinks as they passed out.
Ty
Master and Legend, Sigma male and leader.
GODSON❤TRUST😊
Warren Buffet has best Talking Style ...
Elon Musk has the Worst
Agree. Warren has the best style and he thinks that crypto is shit
Buffett is exactly the guy you need in a crisis situation.
Calm, level headed, common sense, plain speaking.
good at calling out wall street BS and human vice, fear and greed,
He honestly seems a bit nervous here, he usually speaks a lot slower than this.
Charlie always likes to look like he did all this homework by having stacks of papers all around that he never uses. His questions come off of just one page.
"terrific economy?" naw, the #1 debtor nation in the world is not "terrific." 5:58 "no one saw the tsunami coming." NOT TRUE. Some people did, but NOT HIM. He needs to speak for himself.
Warren Buffett is The God Father of investment and Money.Master in Monetary Policy.🕉️🕉️🌹🌹♥️🗽
I love Warren Buffett! He’s a genius
You can be too
@@EC-ol8nz well thank you man, that means a lot!
10:59 Determination, act swiftly
12:00 Right ppl with more tools, Treasury borrow can unlimited amounts unlimited terms buying assets at 20cents on a dollar
17:01 De-leverage caused wide spread crisis
17:22 Derivatives, AIG, easy to report profits on paper, financial weapon of mass destruction
20:41 the 3 “I”s: innovator, imitator, idiot
21:19 Housing, easy to buy, believe in appreciation
23:18 Confidence is the key
Everyone during 2008 crisis was in panic thinking the world is finish shorting their positions trying to cut their stakes in various companies. Meanwhile Buffet was preparing to pour his money into the market after the storm settles because in his mind stocks at 60% discount now and the US is too big to fail, if things got worst the treasury is going to print billions and billions and recirculate this cash to other securities.
27:38 China investment BYD
28:15 Understandable, fundamentals, management, price
33:40 Human animal won’t change, love leverage
40:00 Future inflation likely @2022
2:05 The reason we haven't used our cash is that we didn't see things that were that attractive
2:15 There are times when cash buys more than at other times
2:25 You wanna be greedy when others are fearful and fearful when others are greedy
I found the rest of my stuff. What does it look like.
If you want to understand 2008 bubble listen to this man.
If this guy didn't interrup his guests all the time, these would go much better. I mean, he keeps interrupting Warren Buffett, Peter Lynch, etc. Jeez.
White Carol Harris Barbara Johnson Jennifer
23:00
Confidence in markets/institutions is a lot like oxygen, when you have it you don’t think about it, indispensable, when it’s gone for 5 mins that’s all you could think about.
Confidence will always come back.
Also, if deprived for too long the patient becomes brain dead.
Hello good evening both of you especially sir Warren Buffett and Charlie munger keepsafe GOD bless Us we love you all 👍😘😍
I admire Warren for not letting Charlie talk over him constantly
Warren is such a brilliant orator and explainer of concepts with a clear mindset. I especially loved his Cinderella comment where everyone wants to leave "2 mins to midnight" but there are no clocks on the wall
When Buffett said everything turns to pumpkins and mice at midnight, I knew this was not his first rodeo.
Thank you.
I know this was uploaded in Nov 2020, but the fact that this only has roughly 13k views is actually sad ESPECIALLY given the current times we are in! T H I S I S A B S O L U T E G O L D !
Byd
Does Ge has strong supplies to mass demand. Does Ge has strong market cap. Does Ge make profits and revue in come. Does Ge has big debts like Trump. Does Ge cash spending more to run the operation than income it receive. Does Ge able to keep up innovation and expansion because the market cap increase. Does other industries same with Ge are they new and better. Does Ge issue strong dividends for market holders and as well how frequently.
The supplies and the resources all of this can not mis plan or neglect or error. The demand also from plan. The inflation must control. And must watch contributors intention good no harm or bad make harm to the masses population that damage the common wealth.
legendary
Buffett is absolutely correct. 2008 was the fault of everyone who took part in the real estate market. The buyers and the lenders were both at fault as well as any government involvement in the market. "Fault" is a strong word though. Bubbles are normally not the result of malicious intent. They arise because humans aren't great at knowing the value of things precisely.
When you see the price of something, you don't know if it's a fair price just that it's the going rate for it. You have an idea of what you THINK is a good price, but the problem is we aren't perfect at pricing things. So slowly over time the price can creep upwards. And as prices creep upwards people SEE prices creeping up and eventually they will buy because "If I don't buy now I'll have to pay more later" and "If I buy now I can sell in 2 years and make money. The price will just keep going up" and what happens is eventually people start saying "500k for a house is too much. I'll never pay that off" and now people are stuck with their houses unable to sell them so they start lowering the asking price. As prices all around you start to fall you panic because now you're upside down on your loan and you get out. The banks are holding all the houses and no one is paying the mortgages and everything implodes.
You shouldn't have bought the house based on the idea that the house was always going to go up in value
The banks shouldn't have loaned to people unlikely to pay back
God damn 2008 = 2022. Same bullshit.
Not really
Buffet is a facade. Great investor though
How so
wut?
He has no reason to be a facade. He has earned the ability and flexibility to choose to be who he is.
Buffet reminds me my professor of university. Very pragmatic with humor. The man you wants to work with.
😉 warren Buffet drinks coffe
He tried to rob me for everything.
Yes you are a Great Global Genius
Beyond brilliant
Patrick Star.
Warren should’ve bought Tesla instead of BYD
Byd sold more cars than Tesla … he’s a genius
@@tupublishofficial1198 BYD doesn’t sell all EVs and they don’t make money. Try again.
@@HansSchick sure bud ☠️♿️🤡
"we have a wonderful economic formula in this country"......We do? The formula is "print more money." It's easy to be prosperous with a govt blank check. The chickens are coming home to roost.
38:20
So nice to see this interview still online and well received. In particular 37:00 ff - as a matter of choice and US preference alone the US (and the Western world with her) today is in the position, she is.
Blaming it on any 'outside' seems to be stupid, selfish, ridiculous, somehow fashistic and irresponsable - but method of first choice for crooks and loosers.
Nobody had been able to force the US in wrong decisions - but to the opposite: rational behavior of the others like Russia or China by contrast helped the US to be better off today, as the US would be off today, with a less rational response from the outside, competing countries to US doing, than we have seen (thank god, it was so up today)
It is good history! Use it to learn👍
You can say he was almost fully invested at that time 😅❤️