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Warren Buffett CNBC Interview 2011

Warren Buffett recently did a 3-hr long interview on CNBC Squawk Box. The complete transcript of the interview, as well as the actual video footage, can be found below:

CNBC Warren Buffett Transcript, March 2, 2011

Part 1: Most Berkshire Businesses ‘Inching Along’

Part 2 : The ‘Zebra’ That Got Away

Part 3: ‘Elephant Gun’ Targets & Riding the Railroad

Part 4: Blame Bankers, Bankers, Bankers?

Part 5: Cars and Bricks

Part 6: China and America’s Diminishing Dominance

Part 7: What Should Happen to CEOs of Failed Companies

Warren Buffet was recently interviewed on CNBC about his thoughts on Goldman Sachs and the state of the U.S. economic recovery.

You can watch the full interview in two parts below. If you prefer reading, the transcript can be found here.

A couple of days ago, Warren Buffett and Bill Gates were at the Columbia Business School to answer questions from their students.

It was a lively session hosted by Becky Quick of CNBC.

The full transcripts of the session can be read here:

Warren Buffett and Bill Gates Columbia Business School Full Transcript

Excerpts and Images From the Event

Warren Buffett had a quick interview with CNBC Becky Quick on Monday following Berkshire’s AGM over the weekend.

Some points from the interview include:

  • Warren Buffett is optimistic about the U.S. economy over the long term, but has no idea how it will be in the short term. It will ultimately turn; he just don’t know when.
  • The time to buy stocks is when business sentiment is bad and nobody is buying.
  • The more cheap things become, the more he will buy. He likes to buy when things are cheap. While it is not the most attractive time now (it was in 1974 and 1975), it is among the more attractive now.
  • He reads 5 newspapers a day but the future of newspapers companies is very bleak.
  • The U.S. will need more tax revenue. Countries which has a huge debt always end up inflating their way out of it.

Complete transcripts of the interview can be downloaded here.

You can watch the clips below:

Part 1

Part 2

Warren Buffett was recently interviewed by Charlie Rose on the current financial crisis. In this interview, Warren Buffett shares his views on:

  • The bailout by the US government
  • His recent purchases in GE and Goldman Sachs
  • The recession that we are currently in and how long it will last
  • The innovators, the imitators, and the idiots
  • The loss of confidence in the credit market and it’s consequences

You want to be greedy when others are fearful.  You want to be fearful when others are greedy.

You can watch the video of the interview below.

The complete text transcript is also available at the CNBC website.

Warren Buffett Interview at Omaha

Last week, Warren Buffett had an interview at Omaha with (who else) Becky Quick of CNBC. For the transcript and video, you can visit the following pages:

Warren Buffett Interview Complete Transcripts and Video

Quick Summary of Warren Buffett Interview

There was one portion which made a great impression on me:

BUFFETT: I mean, if you’ve got a great deal in this country, you don’t have to go to Beijing, you know, or the Middle East to find somebody with money to fund it. It’s like when oil prospectors would come up here from Texas and they’d say, `We got a wonderful deal for you in Texas,’ I always thought, there are all these oil men in Texas, you know, why didn’t they call on them?

QUICK: So you think the sovereign wealth funds are getting the raw end of the deal when they buy into some of the financials?

BUFFETT: I think that they are buying what is being sold to them, and in securities you should not buy what’s being sold to you. You should buy what comes from your own analysis and looks the cheapest. The idea that somebody is going to come and call on you and say, you know, `Buy $2 billion worth–this is the best thing to buy in the world,’ it isn’t the best thing to buy in the world.

The best thing to buy in the world is something that you’ve dug out and that people aren’t talking about and that, you know, you find yourself. Securities that are being sold to you have a special push in it. Usually, there’s extra commissions in them or all kinds of things. So I don’t–I don’t want to get ideas from other people, basically. I want to get ideas from a bunch of facts that I uncover someplace.

Moral of this story: Always do your own homework when it comes to investing!

Snippets of a Warren Buffett interview with the financial post.

Warren Buffett Speaks in Lausanne

A few days ago, 90 MBA students were at IMD Business School in Lausanne for an interview session by MBA Programme Director Benoît Leleux with his two guests Warren Buffett and Israeli family business ISCAR Chairman Eitan Wertheimer.

You can also watch the 42-minute video of the entire session here:

Warren Buffet in IMD Business School

It’s available online until 19th Jun 2008.

I have also compiled and rephrased some of the questions posed to Warren Buffett and his replies below.

How do you manage all your companies?

I don’t. The key to management is about getting things done by other people. I can’t run those business as I don’t know a thing about them. I have managers I don’t see for three or four years. On the other hand, there’s one I talk to every day. We have no company meetings.

…Continue reading » Warren Buffett Speaks in Lausanne

In early April, Warren Buffett invited 150 students from the University of Pennsylvania’s Wharton School to his premise. Fortune Magazine was also invited to sit in with the chance for an interview. The following were covered in the session:

  • Why the efficient market theory is misguided.
  • Why it is very difficult to regulate people.
  • His thoughts about the election.
  • His first job.
  • How he gets his ideas.
  • His advice to you if you are not a professional investor.
  • The extreme leveraging in the current turmoil.
  • The impossibility of understanding CDOs.

I always say you should get greedy when others are fearful and fearful when others are greedy. But that’s too much to expect. Of course, you shouldn’t get greedy when others get greedy and fearful when others get fearful. At a minimum, try to stay away from that.

Click here to read the entire story.

More on Omaha Visit by NUS Students

With reference to my earlier post on the Warren Buffett by NUS students, I got lucky and managed to find a report of their visit. Here are some key extracts from the students about Warren Buffett:

…Continue reading » More on Omaha Visit by NUS Students

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