Ben Stein is an actor, writer, and commentator on political and economic issues. He used to write for president Nixon and Ford. He recently had a dinner with my favorite Investment Guru, Warren Buffett on December 14. The two talked for about three hours.
Fox Business Network interviewed Ben Stein on December 16, 2009.
Stein provided an summary of Warren Buffett’s view:
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Fox Business Network interviewed Ben Stein on December 16, 2009.
Stein provided an summary of Warren Buffett’s view:
1. Buffett is “a bit” pessimistic about the short run, but quite optimistic about the long run.
2. America will be a much richer country than it is now in 20 years.
3. Burlington Northern will carry a lot more freight than it does now. Likewise, Buffett thinks his brick companies, furniture companies will do a lot more business 20 years from now.
4. Buffett thinks people should only buy a stock if they can see how the company works and buy with a margin of safety.
5. He thinks people who do not have jobs not likely to have jobs for a long time to come.
6. He does not think stock market are overvalued at this point.
7. He is not a buyer of gold now, nor has he been a gold buyer in the past.
8. He does not see inflation as big a threat as nuclear proliferation
If you do not see the video player, click here to watch it on FBN.
