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Holly LaFon
Holly LaFon
Articles (9200)  | Author's Website |

Buffett Discusses 2008 Financial Crisis With Andrew Sorkin

Buffett explains the cause and fallout of the market collapse for CNBC special

September 12, 2018 | About:
Warren Buffett (Trades, Portfolio), chairman and CEO of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), joined CNBC's Andrew Sorkin to talk about the 2008 financial crisis.

The interview was part of CNBC's original special "Crisis on Wall Street: The Week That Shook the World," which premiers Wednesday at 10 p.m. ET.

CNBC released an extended cut of the interview Monday. In the 18-minute exchange, Buffett recalled his feelings leading up to the market collapse and the struggling CEOs who came knocking on his door, including Dick Fuld of Lehman Brothers. After reviewing its 10-K, Buffett turned him down. Buffett also delves into the psychology of crises, who was to blame, and what risk he sees for the future.

"Well there'll be [another crisis], sometime," Buffett said. "But no, I don't worry about them in the least. Because I conduct myself so that if ther'es another crisis, I'll still be around. Berkshire will be in good shape."

Watch the video below:




About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

Visit Holly LaFon's Website


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