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Warren Buffett On The 2008 Crisis

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What a good interviewer
Comment from : @etiennelabeille

3:58 "How can a short seller hurt you?" I've never understood that claim either 😅
Comment from : @TommyCarstensen

The government baliled them out and we still lost our homes grrrrrrr
Comment from : @doc2590

When CNBC was relevant
Comment from : @gussybush6944

1930 😅
Comment from : @valdetemuftari8730

😂
Comment from : @valdetemuftari8730

Loving the tie 🙂 Choo-choo goes the economic metaphor
Comment from : @jcortese3300

The lessen is that the people creating risk need to be the ones at risk They have to hold the loans The rating agencies have to have skin in the game
Comment from : @dikdoc0079

“Thought the price could keep going up” literally the mentality for the past 4 going on 5 years Wonder how buffet would describe these past few years in a future interview whether there is a recession or not and if all the big bets on the tech giants/mag 7 pay off or not
Comment from : @carlosgamez6230

What led to the 2008 financial crisis in a word, GREED!
Comment from : @DavidKeithWilliams-hg5nm

2008 was bad, imagine how 2025 will be
Comment from : @maqboolfida786

>First, stop calling these firms investment banks They are not banks Banks as such are highly regulated; these investment firms are like casino firms Now, early in the last century investment firms worked with the money of the partners so, naturally, they watched that money very carefully In the decade leading to the financial crisis of 2008 the CEOs of these firms were no longer working with private capital as was once the case but rather it was public or institutional money on the line such as pension funds br>They took enormous risks Their investment firms were very highly leveraged and as Allan Greenspan remarked before a committee of congress, "Investment arranged in private between professionals need not be regulated" Well, he was wrong, very wrong Look at the cost to the American economy and, ultimately, the American taxpayer Here is a sample of the degree to which this was pushed br>It took the USA from its inception in 1776 to the year 2000 to reach $50 Trillion of debt, and this was in an economy with a GDP in the year 2000 of $120 Trillion, but only from the year 2000 to the year 2023 to reach $310 Trillion of debt and this was in an economy with a GDP of $250 Trillion All that debt just made a bad situation much worse In 1971 President Nixon severed the link between gold and the dollar This allowed the successive governments to spend enormous amounts of money in deficit spending budgets for all those years since 1971, except for the Clinton years but President Clinton was able to show surpluses only by raiding the social services budgets leaving these empty, or unfunded liabilities Cute smokescreen! br>This actually is the basis of inflation Inflation is not the increases in prices for goods and services but rather the reaction to these increases What really has been happening is the devaluation of the dollar We are buying everything with devalued dollars A dollar in 2023 is worth about $003 compared with a dollar in 1971, yes, three cents That is why houses for example are typically thirty times more expensive in 2023 compared with houses in 1971, roughly Salaries have not kept up this pace, so everyone is hurting, and no President can correct that It will take the next two generations to balance this brThank you for reading Please comment br br br brReply
Comment from : @dracorpgroup

homes that touches everybody
Comment from : @mallowbar743

that’s an excellent question 😊
Comment from : @MichaelEngeldinger

ASA is my choice for our world bank CEO, he manages finances at PNC bank , he’s a good Jewish friend of mine , as well as Jerry liebowitz and ron Lieberman, mr buff-it, neither are rich in money, their just friends that keep ya happy and laughing and you can always trust them 😊
Comment from : @MichaelEngeldinger

Mr buff-it do you know who’s best with financial matters ? Al Duncan is my choice to handle my companies money ,
Comment from : @MichaelEngeldinger

interesting how at 14:17 he excuses liar loans brbrIf there were no liar loans, the crash would have either not have happened, or if it did, it would have been less severe
Comment from : @alexandercalder2143

08 was a “hickup”? You gotta be kidding Warren; why didn’t reporter ask more about that?
Comment from : @p38cobra

“In 1929 if you remember…”😂❤
Comment from : @thinde88

When wall street comes to you for financing, you know you're the boss of all bosses
Comment from : @ImtiazAhmed-ug7bf

More and more people might face a tough time in retirement Low-paying jobs, inflation, and high rents make it hard to save Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire
Comment from : @DonaldMark-ne7se

Buffett and Musk should go into Vaudeville as the mumblefuk twins br**
Comment from : @escapefelicity2913

Greed works - until it doesn't
Comment from : @Underhills

The market trend can turn around very quickly In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Comment from : @ChristopherAbelman

What's the point in maths stats and finance when world debt to gdp ration is growing at -500 debt 300t gdp 70 to 80 t❤❤🎉🎉 thk god we don't have vistors from other planet they come flash from the skies and go away😊
Comment from : @shankarbalakrishnan2360

—————————————brMake America Strong Again!br—————————————brMASA MASA, MUFASA MASA!br…brMASA MASA, MUFASA MASA!br…brMASA MASA, MUFASA MASA!br—————————————
Comment from : @robertorobles-od7tz

Always intersting
Comment from : @marcuskelly5768

When a bank approves a mortgage without ever checking the applicants income, with an adjustable interest rate, and without a down payment, what do you think is going to happen down the road?
Comment from : @NoamPitlick-bg8kw

It all comes down to Greed and there's a lot of blame to go around I the end it was a golden opportunity for the wealthy to gain wealth on the decline of property values The mortgage industry made massive amounts of commissions on property loans that were set up to fail to people who qualified for low adjustable mortgag rates As I stated there a lot of blame to go around, but I think Was the beginning
Comment from : @gilbertcox5075

I disagree that we need the Fed for the federal government to be there to bail out these too big to fail financial institution or any company like GM or Chrysler Now they've learned that they can behave irresponsibly and get away with it Has Berkshire Hathaway ever needed to be bailed out? Why don't these other guys just run their company like Berkshire?
Comment from : @user-ty2uz4gb7v

why is no one talking about the fact that this man said he read 300,000 pages?!?! 15:07
Comment from : @Peter-jc4by

You can make a book of fantastic quotes everytime he talks
Comment from : @coderider3022

I like how Warren Buffett is still defending these crooks by saying crap like Things Didn't Look Good when asked for actual details that affected my own gotdamn pocket for no reason
Comment from : @4partmedia

And houses in San Diego are now three times tje price they were in 2007 for example
Comment from : @andrewallen9993

Love Warren ao much
Comment from : @noahsmith1726

Would it be fair to call Mr Buffett an "oligarch"?
Comment from : @METALITHrevetments

Mr Buffett`s analysis is brilliant and timeless Here in 2024 people are going to gold and silver and it seems like they are ready to panic again Greed and bad government policy unfortunately is still with us
Comment from : @LawrenceLudy

Sorkin guy such a weasel it’s painful to warch
Comment from : @oldpretoriagmailcom

How come you are not metioning Madoff?
Comment from : @mjb2416

If you don’t see it yet you never will Any Deja Vu moments going off in your own head?
Comment from : @johnfkeating

Anyone have a link I can watch the full documentary? Pls help
Comment from : @ItsAleqo

The kids always call grandpa when they run into trouble lol
Comment from : @RichR65Ct

There is always a financial crisis never ending 🤦‍♂️
Comment from : @edwarddisotto1754

How does Canadians manage to rig it go up always ?
Comment from : @GunsAndRoses-p1g

9:55 priceless 🤣🤣🤣 “when Goldman Sachs needs money, you remember it”
Comment from : @junkmail75034

Why would Warren be worried Berkshire has 128billion in cash
Comment from : @psp785

what lead to the crises Buffet here talks all kinds of shannanigans, but does not mention the most obvious a lack of regulation lead to the crises, period!
Comment from : @aocdk840

imagine Goldman sachs ,AIG and Lehman Brothers calling u for a bailout that is my dear friends "THE WARREN BUFFET"
Comment from : @sureshnishtala2887

When his banks failed in 2008 the tax payer had to save this amazing investor whom also missed on apple Microsoft and Bitcoin
Comment from : @rubenortega6088

his comments on fear are insightful, affirmed again in people and government responses to covid
Comment from : @CJinsoo

“when goldman sachs needs money, you remember”
Comment from : @CJinsoo

Asset appreciation draws in people that don’t know anything about the asset…very profound
Comment from : @nishantchandra2876

Ghee’s they were gonna jack, Buffett
Comment from : @rondrake3720

300 000 pages to find the primary security and second
Comment from : @JiaruiChen_

Buffett shows here whose side he's on: the super-rich He wants the government to bail them out for their own greedy and stupidity but won't criticism them
Comment from : @chel3SEY

Too many people bought a house they couldn’t afford, and many didn’t have to put anything down, a receipt for disaster
Comment from : @kokolovitch56

I mean No New Innovative Companies to Establish create Livelihood to the World
Comment from : @phanikumar2995

Earlier there is positivity note on investors to grab the Stocks on Bear Mode or Market correctionNow NobrNew IPO issues to enter into Secondary MarketVacantVacantVacant
Comment from : @phanikumar2995

Dạ Rất Cảm Ơn Được Lắng Nghe Các Quý Vị 💚
Comment from : @gainguyen9358

Why does Buffet not talk about the role of the FED in all this mess? The OBVIOUS elephant in the room
Comment from : @geekonomist

In 2008, I was in senior year Thanks for fuming this up when I start my career I've got this chip on my shoulder
Comment from : @Philosophizer2

9
Comment from : @santhoshsrinivaskunukuntla1985

I did love to have short sellers in brekshire That confidence
Comment from : @purnendusharma1383

The problem is not short sellers, it's the naked short sellers that are dilluting the shares for profit
Comment from : @emilguldmann6816

Basically Buffet bet that ppl would still drink Coke, brush their teeth with Colgate and insure their cars giving him cash flow to weather the storm
Comment from : @oktfg

A man worth more than a small country makes me think he's a rather large cuntry
Comment from : @ChrisGWGreen

evil men
Comment from : @sam-fc9ky

It is illuminating that he speaks more of human nature than of high finance Enjoy your sh*tcoin
Comment from : @BenWatkinsGtr

this is a golden sentence: "how does a short seller hurt you?" (3:58) Thanks for uploading it!
Comment from : @cmlon

I just started hearing about Buffet, Personaly, why is this coming up lately? Sounds like security frauds So Sad Nothing against Buffet, again i never heard of him before
Comment from : @ronniedelahoussayechauvin6717

Andrew Ross Sorkin is so hot and handsome , he should be in movies apart from his journalistic adventures 😍
Comment from : @jeljojose

Me when someone asks me who's your favourite artist: 5:43
Comment from : @yourlocalgastationguy2316

He basically chuckles for 25 minutes
Comment from : @tphrgrcinri

Without any reference to cryptocurrency, he perfectly describes the dynamic of it at 1544
Comment from : @woods-garage

He never answers a question smart
Comment from : @bigmitch11225

My 2008 crisis is still going on, you can't beat a person who never quits Babe Ruth
Comment from : @markmurphy6191

We need to skin and eat the richthe wealthy people got bailed out and stolen everything
Comment from : @goparetraitors4156

CNBC staff looks at K10s, why didn't they see what Warren Buffett saw?
Comment from : @loreneaustin5304

2022 we really learned nothing from the crisis shocking
Comment from : @kenzong8427

Only Warren would call the global financial crisis a “hiccup” 😂😂
Comment from : @polarisjustdothework2258

Haunting predictions
Comment from : @mic4902

This guy invited not a thing Seems like a boring job
Comment from : @brandonbarr2784

Warren Buffett described the Great Depression before he was born, he was literally wired for capital allocation when he was conceived :P
Comment from : @taimalik1110

Hud was to blameand not a word on the deficit
Comment from : @afterthefox

Proves he didn't see it coming until it happened
Comment from : @michaelscott1778

Sam Harris looks exceedingly Jewish in this
Comment from : @rob-890

Im sorry but WB sounds way too apologetic for the crooks of Wall Street that caused that crisis in this interview
Comment from : @Gatasma

bwas this the donkey that invested in that dodgy blood testing start up that failed lol/b
Comment from : @astroboirap

Kind of a bad interviewer, I mean he has Warren Buffett sitting there and he’s asking these mundane broad questions 🤦‍♂️
Comment from : @trance5772

As much as I like Warren Buffett sometimes he appears to make sense "his way" but that's not necessarily sense although people take it that way because he has a nice way of putting his point across Bottom line is this: a growth stock tends to be in fledgling companies that are young with plenty of room for growth Value stocks tend to be mature companies that are mature and just basically like an old man just doing nothing but collecting a pension They churn out dividends every six months or so because they have a steady business Buffett's not wrong but my explanation is how most people see growth vs value stocks
Comment from : @amdistant5547

“I will tell you how to become rich Close the doors Be fearful when others are greedy Be greedy when others are fearful”
Comment from : @SharingInvestingWisdom