Monday, October 06, 2008

Warren and Charlie mix it up


There's an excellent interview with Warren Buffet up on Charlie Rose's site.

This is the full interview (almost an hour) but worth it. He isn't called the Sage of Omaha for nothing.

1 comment:

Anonymous said...

Today, according to Forbes,

http://www.forbes.com/financialadvisernetwork/2008/10/18/buffett-berkshire-bestbuy-pf-ii-in_jr_1018guruscreen_inl.html

Warren says: "Be fearful when others are greedy, and be greedy when others are fearful."

Isn't that derivative thought? Isn't that a huge part of the philosophy behind derivitive markets, and the mess we are in?

He may be rich and might get richer, but is he really part a solution, or a clue as to the root problem?