Evan Davis of BBC visited Omaha to interview none other than Warren Buffett. The interview includes questions on the current financial crisis, investment philosophy and his private jet.
Notes On Warren Buffett's Interview On BBC
Notes On Warren Buffett's Interview On BBC
- We will do foolish things again, even smart people will do foolish things
- Its infuriating for people to see their friends lose their jobs, lose their house, and see that no one is going to jail for it
- Gets good terms on investments because he had money when no one else had it.(Referring to terms on GE & GS investments)
- The liquidity of stock markets causes people to focus on price action
- Your doing the right thing, referring to investments, if you focus on the stream of income the asset will produce
- Warren Buffett believes in a progressive tax on income
- Considers himself lucky due to the fact he was born at the right place and at the right time
