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Warren Buffett: Private Equity Firms Are Typically Very Dishonest

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Enjoyed this Don't put lies in quotes Don't act like the people he is criticizing
Comment from : @itsjkforreal

Waldorf and Statler in reality🤩
Comment from : @GBPaddling

two cunning old souls descibing what they did their whole life- lying
Comment from : @raghavendra1988

What Warren didn’t say but implied was private equity trusts ARE pyramid schemes! Remember, they don’t disclose their financials they don’t have to They’re privately owned equity Trusts they don’t even pay income taxes on the same percentage as people who work! they pay less Labor is so devalued Production has no value in today’s world How insane is that?
Comment from : @Puzekat2

Buffet has a lot of investment in what is called investment equities what the heck is that?
Comment from : @Puzekat2

These two geriatrics remind me of Statler and Waldorf from the muppets I’m just waiting for them to tell us how much they hate the show being played
Comment from : @hennessyblues4576

absolutly true!
Comment from : @ragnar999tobi

Def fraud
Comment from : @idgaf-000

Just like home ownership should have been LEGALLY confined to people needing a home to live in and small scale home improvement/flipper types instead of wall st money gangsters, likewise private equity should be regulated out of existence
Comment from : @IanPunter

<<<
Comment from : @Peterl4290

Diddn't Mr Krabbs sellout the Krusty Krab lol😂
Comment from : @rudiandboh

I love listening to those two
Comment from : @marlenetunbridgewells2597

PE firms are the perfect representation of the true American culture…GREEDY for money, ruthless, selfish, hubristic, shamelessly inhuman
Comment from : @macallanvintage

The silly American Capitalist system intentionally allows such gangs to be formed…to make huge money for the 1 at the top
Comment from : @macallanvintage

Wooooooo black rock !
Comment from : @nellietolb420

He is the biggest fraud!
Comment from : @JMobius

Private equity is Mafia or worse
Comment from : @ICHWARSNICHT58

Private Equity is nicknamed Vulture Capital for a reason They ruin everything they touch Unlike the Midas touch they turn all gold into dirt
Comment from : @dino2400

Let's be honest, modern libertarian Capitalism just doesn't work It never has and it never will because the incentive to miss-manage and ignore long-term REAL value is too big
Comment from : @AnaInTh3Sky

you dont really think he drinks that stuff
Comment from : @ianrotundo8545

Buffet and Munger: Private equity funds are dishonestbrAlso Buffett and Munger: Leaders lf Berkshire Hathaway and invests $5 billion in Goldman Sachs brbrSave us your crocodile tears fellas
Comment from : @matthewbittenbender9191

Buffet was of those guys buying all the houses, just like private equity
Comment from : @jimle2078

PE firms are the devil!
Comment from : @jwhojme

These two fossils would know how to scam and steal better than almost anyone
Comment from : @armageddonready4071

I lived in a apartment complex owned by brookfield That place was a dump and very expensive, employees miserable They were just squeezing money out of it with no maintenance and minimal upkeep Lasted 2 months before I moved
Comment from : @owen7412

morbidly wealthygross
Comment from : @PjDrennan-qc1fh

Warren buffet invests in communism wealth destroys morals Take that you billionaire pinko
Comment from : @wiseguy4944

Worked under a private company taken over by PE firm This happened under two separate companies I worked at and they both followed similar trends I was senior leadership under the privately owned company and was transitioned out, along with my colleagues, due to my traditional views and interpretations of the companies success Under both situations, the PE company focused on inorganic M&E growth and cutting costs in the form of both labor and a streamlined supply chain This primarily resulted in a poorer product being offered, turnover of legacy staff, and a general brain drain Ultimately, the PE firm sold the acquisition company (now structured completely differently) which actually sold LESS product than it did before, but was valued higher because of the accounting tricks (like focus on EBITDA) PE firms are known to utilize Fundamentals only changed for the negative, and the company was a shell of its formal self, but the PE investors and C-Suite walked away with millions more in their pockets They're like Viking pillager and they think of themselves as geniuses
Comment from : @CyclElectric

PE is the scourge of the USA, Veterinarian offices, hospitals, and many other businesses will be killed under P E
Comment from : @2cartalkers

Just a J-scam
Comment from : @hansjuker8296

How can you possibly be a believer in the capitalist system, and a great investor, and yet support left-wingism? When all and sundry line up to sing this man's praises, just think about that question! Personally I'm no admirer Far from it
Comment from : @timeresrch

Sharks But these are all the same people with the same history One gets a job at Goldman, the other at Bridgewater or Blackstone or Blackrock Game is the same, get the gold
Comment from : @CJ_102

private equity bought up all the veterinary clinics in my area service is terrible, prices astronomical we have adopted fewer pets as a result, which is sad because we always have a couple shelter cats and dogs down to one cat and one dog now I’d love to rescue more to give them a nice safe home but the vet is too damn expensive
Comment from : @monikakress3867

Investigate, confiscate, and persecute These rodents need to be wiped out
Comment from : @MountainMusicRadio

How old?
Comment from : @GuiNut-nm9di

I worked for a company that was spun off to a PE firm in 2014 I was out of there instantly They have proceeded to completely wreck the company
Comment from : @shooter7a

Wow, I agree with Buffett on something! PE is a cancer!
Comment from : @yrp237

Stop waffling man
Comment from : @Ztandard32

Xyz
Comment from : @waynec369

yup They are great at becoming the biggest shareholder of companies with good products and great employees They steal money from the companies, pass it on to the investors for great short term gains as the employees get pink slips Look at what they are doing to John Deere
Comment from : @tg_ny

Private Equity will kill the American economy
Comment from : @StudioVoodooMusic

Buffet is selling while the bubble gets bigger in stocks, bitcoin, and other hype
Comment from : @billfletcher5495

It's not a total fraud It is a business It is very successful in extracting many tens of millions of dollars from mature companies with rich cash flows while driving them into bankruptcy It is not a fraud It is a predatory and destructive business model I was front line on dozens of transactions based on hundreds of millions of LP equity and many billions of leverage buying dozens of companies and watching them be butchered
Comment from : @harrisonjay-l5v

Private Equity ruined the world economy That, and zero interest rates
Comment from : @aaadj7out

Most capitalists are liars That's why most of them wear suits all the time
Comment from : @SeymourButts-k2j

So they are
Comment from : @davidsaluk9726

Two of the most evil men on the planet plotting how to crush some poor people
Comment from : @chrismacinnes3770

The other problem with private equity is that many of the high quoted returns are based on paper gains, increases in valuations by business appraisers who may be incentivised to provide the higher valuations
Comment from : @jamesmack3266

Dave Ramsey is a conman
Comment from : @patellismitchell4921

There is no equity before honor and respect equity is aligned to an honorable energy field which is found within the honoring of the soil When land is stolen the energy field is dishonorable, so private equity isn't even accurate that is a very distorted situation to experience
Comment from : @TStrength

They both overcame greed and became multi billionaires
Comment from : @abhiisfab

warren buffett is one of them
Comment from : @centralprocessingunit7431

If u choose no numbers your math will be right❤❤🎉🎉
Comment from : @shankarbalakrishnan2360

When the pandemic struck, Buffet was also selling It was a terrific time to buy equities overall and a great entry point for those in my generation, who were in their 30s and 40s Do you believe this would be a good time to sell some stocks as well? I'm wondering what the best ways are to rebalance my $2 million holdings
Comment from : @kortyEdna825

Good video!
Comment from : @PHa-l6v

That must be why the coming administration is going to privatize social security?
Comment from : @calr4459

He's almost as inarticulate as Elon
Comment from : @shadeburst

in law, amongst real law character and juridical character the second one is more valid and trust worthy, it has a reason and the reason is individual over system and administrations
Comment from : @sharifshah5151

Tell me about it
Comment from : @ReginaldThomas-c9b

The only difference between the Mafia and Private Equity is that the mafia ate at better restaurants
Comment from : @mdarrenu

Britain's new "socialist" prime minister wants to sell the country to private equity
Comment from : @BasilBeaton

He is actually being very honest They are a complete scam indeed
Comment from : @AnsubChaudry-pt5tm

Warren has to beat around the bush just avoid saying “Jewery”
Comment from : @alexanderr3098

Well said
Comment from : @cwaddle

Simply put private equity fans are parasites
Comment from : @genesmith4019

Gambling with pension funds should be illegal This who do rely on people's ignorance and insecurities
Comment from : @dimitri1946

Warren Buffet is a national treasure
Comment from : @mynameisnotimportant2854

“Their returns are not calculated in a manor that I would regard as honest” - Warren Buffet
Comment from : @LaCat77

If Trump took control of the Fed, would he have it buy private equity shares in firms he wants to prop up?
Comment from : @RWROW

He is right that private equity destorys democracy
Comment from : @kragsurtur

Private Equity today means zero accountabilitythey will take risks that they are not responsible for, and can lie to their investors when they mess up They are a risk to the entire society as people are only slowly starting to realize now that Red Lobster and TGIFridays are shutting down
Comment from : @dyrthos2955

Monsanto is killing it They're open and honest too They want to feed the world and no one starve
Comment from : @dafen1641

They are screwing America! It should be illegal They are burning out talent and inventors
Comment from : @kknight8112

So out of touch bert and ernie
Comment from : @kodiakgriz2296

This is the top of the investment cycle The tide will go out Who is swimming naked? Debt loses Cash rules Remember Lehman Brothers?
Comment from : @Mrrossj01

KKR purchased the company that I worked for They had a meeting and pr missed great things Nothing great happened They put pressure on managers until the good ones quit They consistently found ways to reduce the quality of the services we deliver They cut the employee perks They destroyed the best company in our category Every competent employee including me quit KKR is a collection of parasites that build/creat nothing and pillage good companies
Comment from : @MarcRocket

Private equity will be the downfall of the dollar!
Comment from : @DistractedDaisy

Right Because the less the pension allocate their money to the PE managers, the bigger the pot they have for Warren Buffett
Comment from : @hcmcjb

Is that See’s Peanut Brittle on the table? Love that stuff!!
Comment from : @Kamoi_Yokosuka_love

Honesty doesn't matter Look who we just elected king
Comment from : @Greg-t6e

Fund Fees are a scam especially at 1 percent or higher They get their money regardless of how the funds performed No real incentive to be active in the fund’s overall activity and performance
Comment from : @vmax4575

Been there, done that with a PE Nothing matters but $$$ Employees laid off to improve bottom line while performance goes down the toilet 🚽
Comment from : @KenArthur-j6b