Warren Buffett on CNBC

Generali

TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 7
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 6
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 5
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 4
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 3
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 2
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 1

It's pretty long.

I summarised it here if you'd rather not get the full version:

http://anothereconomicblog.blogspot.com/

1984ReturnsForReal_2

Not a lot then

bubblesmoney

Generali wrote: »

TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 7
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 6
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 5
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 4
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 3
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 2
TRANSCRIPT & VIDEO: Ask Warren Buffett on CNBC's Squawk Box - Part 1

It's pretty long.

I summarised it here if you'd rather not get the full version:

http://anothereconomicblog.blogspot.com/

looks like you started a blog after all. havent seen it mentioned on MSE yet, but looks like it has been mentioned as can be seen from some comments on the blog by others. probably i missed that post of yours here on MSE. dont forget to give the link on your MSE profile if you are interested in getting your stalkers / regular readers to visit your blog!

good luck. :beer:

Generali

bubblesmoney wrote: »

looks like you started a blog after all. havent seen it mentioned on MSE yet, but looks like it has been mentioned as can be seen from some comments on the blog by others. probably i missed that post of yours here on MSE. dont forget to give the link on your MSE profile if you are interested in getting your stalkers / regular readers to visit your blog!

good luck. :beer:

Thanks bubblesmoney. It was you that suggested it wasn't it? I'm sure it was.

I get to moderate it so I can exercise my petit Hitler-ite tendances.

GDB2222

Banking has never been better in one sense. I mean, the banks are getting their money very cheaply, deposits are coming in, spreads have never been wider, all the new business they're doing is terrific. They will earn their way out of it, in most cases...

I agree - great time to set up a *new* bank, without any of the crap of the old business floating around. Expect Buffett to do that really soon.

Generali

GDB2222 wrote: »

I agree - great time to set up a *new* bank, without any of the crap of the old business floating around. Expect Buffett to do that really soon.

Well he owns so much of Amex that they have agreed to change their corporate structure so he can buy more without applying for a banking licence. That makes me think he won't be setting up a bank.

Having said that, he likes to keep his investments as quiet as he can until he's forced to release them as news he's buying pushes prices up quickly.

bubblesmoney

Generali wrote: »

Well he owns so much of Amex that they have agreed to change their corporate structure so he can buy more without applying for a banking licence. That makes me think he won't be setting up a bank.

Having said that, he likes to keep his investments as quiet as he can until he's forced to release them as news he's buying pushes prices up quickly.

is amex the company that owns american express?
then he might be in bigger trouble than what berkshire is already seen in derivatives courtesy of their credit cards division. but then TALF might come to his rescue where his berkshire can buy the risks assets with 15 times leveraging by just putting in 5% but even if he gets returns of 10% the 1st year then he is in 5% PROFIT and even if everything goes pear shaped later he just faces nonrecourse losses of 5% while the usa tax payer gets the rest 95% losses. win win situation for any person hedging their bets on TALF. only person to lose will be the tax payer if i understood TALF private-public partnership right

Generali

bubblesmoney wrote: »

is amex the company that owns american express?

Sorry, I slipped into jargon. Amex is short for American Express. I thought it was common knowledge. Clearly not.

bubblesmoney wrote: »

then he might be in bigger trouble than what berkshire is already seen in derivatives courtesy of their credit cards division. but then TALF might come to his rescue where his berkshire can buy the risks assets with 15 times leveraging by just putting in 5% but even if he gets returns of 10% the 1st year then he is in 5% PROFIT and even if everything goes pear shaped later he just faces nonrecourse losses of 5% while the usa tax payer gets the rest 95% losses. win win situation for any person hedging their bets on TALF. only person to lose will be the tax payer if i understood TALF private-public partnership right

10% of market Cap of American express is US$1,240,030,000.

Market cap of Berkshire Hathaway (BRK) is approximately US$225,000,000,000

Even a total loss of American Express would imply a reduction in share price for BRK of something over 0.5%. As BRK are only equity holders, they wouldn't be responsible for any losses beyond the reduction to 0 of the value of their equity stake ie they couldn't be pursued for their debts.

You should read the BRK report for 2008. Some of the deals he's entered into this year are amazing. Really. E.g. the price he's charged for insuring investors against losses in bond markets. I recommend you take a look if you get a chance.

purch

I get to moderate it so I can exercise my petit Hitler-ite tendances.

As it's a blog on the Internet, can I cut n paste anything I agree with and quote it on this forum as CAST IRON 100% FACT ?????

Generali

purch wrote: »

As it's a blog on the Internet, can I cut n paste anything I agree with and quote it on this forum as CAST IRON 100% FACT ?????

Yes you can; every single piece of supposition on there is definitely, probably mostly true.

sabretoothtigger

The russian lady he referenced in the video

http://www.buffettsecrets.com/rose-blumkin-nebraska-furniture-mart.htm


I noticed he is also talking about population growth as creating natural demand in housing