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Warren Buffett Recent Videos

November 22, 2008

Comments

kfh227
Kfh227 premium member - 7 years ago
So, Fox was allowed to tape the 2 hour Q&A session. We get that Dec 4 at 7 PM and 10 PM

I think the last clip was just a shorter version of the first clip. At 2 minutes, you might as well just watch it.

I agree with what he said about the automakers and their bail-out/bankruptcy situation. If they get a bail out, all the execs need to put % of their net worth into the companies. If the US tax payers are paying for this, those executives that think it will save the day should also have a personal stake in the outcome. They should do that with banks also.
buffetteer17
Buffetteer17 premium member - 7 years ago
Warren spoke of a "negative feedback loop." Of course, we engineer types know he meant "positive feedback loop." Negative feedback loops in general stabilize systems.

I expect if the error were pointed out to him, he would laugh and say, "Now you see why I don't invest in tech companies."
kfh227
Kfh227 premium member - 7 years ago
Ahhhh .... engineers take things to literally. I think his intent was perceived by the average viewer. It was obvious that he meant that people see the markets tanking and then sell, which causes others to sell. Its a vicious cycle. Never having gone through something like this (only read) it is amazing how crazy things can get when deleveraging has to occur over a short period of time when leveraging occurred over a long period of time. One of the potential positive outcomes could be the end of hedge funds. I wonder if those people that wait till the very end to cash out of hedge funds will get $0.

<== electrical engineer that has done 8 years of software engineering :-)

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