- Description
On the 20th Anniversary of the Program, Charlie sits down with Warren Buffett, Investor, Philanthropist and friend of the program
- Keywords:
- debt
- Economics
- economy
- Obama
- Berkshire Hathaway
- philanthropy
- Greece
- buffett
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vongleichent 02/20/2012 11:00 AM Report
What a success story. Why can't we have a lot more of Buffets in the world?
anne4444 12/29/2011 01:18 PM Report
Sounds odd, think different, but true:
The total vibration level of all human souls on earth will affect the humanity of our universe. It is the time for all individual on earth to take his/her responsibility and liberate his/her own soul towards higher frequency vibration of love and compassion.
Please do not trap your soul into low frequency vibration of money, justice, power, fame fear and any other things.
Please help yourself with liberation towards higher frequency of love and compassion, you will help us all. At end, we are all together as one earth with one vibration. The total vibration level of all souls on earth needs to match the new level vibration of earth in order for us to move forward.
It is the time for government to provide basic needs of individual to avoid the trap of soul.
It is the time for any intelligent men/women to find some ways or means to help lift human soul.
It is the time for us to watch movies, which make our heart melt with love. (any movies promote fear shall be banned).
It is the time for us to listen music which shakes our souls to higher vibration.
It is the time for us to make love with our loved one with great orgasm.
It is the time for us to do something to help all being on earth with great passion and deep love towards others.
It is the time for us to respect/honor all lives on earth through love and compassion.
It is the time for us to do anything without excuse to liberate our souls toward love and compassion.
WE CAN DO IT, WE MUST DO IT AND WE WILL DO IT. Our souls will vibrate very high. They will nurture our mother earth and whole universe instead of distressing them.
Christopher 10/05/2011 05:09 AM Report
20 years!!!! Charlie u r awesome :D
SharkswithfrikingLazers 10/04/2011 02:08 AM Report
At the peak, the aggregate value of U.S. residential real estate was about $22 trillion.
Yes Warren, we have had a body blow.
So after you received that tie from the President did you explain your idea of bringing in enough immigrants to get rid of the oversupply of houses while at the same time increasing the base paying into Social Security?
SharkswithfrikingLazers 10/04/2011 01:58 AM Report
"Wall Street does not feel loved."
Yeah, they're breaking my heart too Warren.
Yep, a little pitchfork would do nicely about now.
SharkswithfrikingLazers 10/04/2011 01:53 AM Report
Was Warren pumping his stock on the show?
So if I buy now I will make lots of money because Warren's target is $130K for a stock that just closed at $105.8K?
Is Warren giving out gifts to those with money or just feeling guilty about only paying 17% in income taxes?
Quick Charlie, you know what to do--sell everything a buy BRK-A. Happy 20 years indeed!
exeterline1860 10/03/2011 06:49 PM Report
By the way, that was great set for your China forum a couple of days ago. It was very dignified and in keeping with the normal spirit of your show. Your stage design team should be complimented.
exeterline1860 10/03/2011 06:42 PM Report
Congratulations on 20 great years, Charlie. This is a great opportunity for me to realize that I’ve been watching you for the last 10 years, since about 9-11, and I’m now a whole decade older. You’ve been most helpful in keeping me informed about what’s been going on in these tumultuous years. Thanks for everything.
I always enjoy Warren Buffet. I have a question, though. Is Warren Buffet into residential solar panels and residential wind turbines? The problem I see with them is that they are cost-prohibitive for most Americans. If Buffet got into the industry and helped to expand it in such way that it’s more accessible to a larger sector of the population, it would be a great step forward for America’s war for energy independence. Right now, the conversion is going too slow when you consider the speed needed to make a useful difference. Initially, there might be a loss of money for him, but eventually it will turn around and make money. Who is better to take on this risk than Warren Buffet? He has the wealth and likes to pioneer charitable causes. He props up too-big-to-fail companies, which helps keep our economy stable. I guess this helps him justify paying fewer taxes than he felt he should have. Wouldn’t his entry into the America’s green energy industry in a big way, with this goal in mind, be a great legacy?
I believe that, if we give American’s a chance to reduce their home energy costs at a reasonable price, we would keep more money in this country instead of sending it to the Middle East, which would then be channeled back into our economy. We would also employ many Americans in the process and help our environment. For me, this would be one big sign that America is on a course toward future stability.
Thanks, again.
CarolJ 10/03/2011 04:10 PM Report
Happy 20 years with your program and many more excellent conversations, except for one person! I have been viewing your show for 4 years. I watch even win the suybject matter does not interest me and after I watch I am usually glad I did. Try and behave yourself inre: your health.
Many more years to you.
anne4444 10/03/2011 03:13 PM Report
Wow… 20 years already? No wonder I saw only gray hair.
Thank you, Charlie. I did learn a lot from your interviews.
anne4444 10/03/2011 03:09 PM Report
Wow… 20 years already? No wonder I saw only gray hair.
Thank you, Charlie. I do learnt a lot from your interviews.
MarieIsenburg 10/03/2011 01:30 PM Report
Dear Mr. Rose,
I have great respect for your work. Thank you for the unparalleled access you provide. Congratulations for the past 20 years. May you enjoy many more.
Sincerely,
Marie Isenburg
doodee 10/03/2011 08:32 AM Report
... basicly, he just raises the Value of almost Everything he touches; Most people in his industry does just the opposite and they Still make/Take Way More Money than they really Earn; i.e. they pocket more money than the Value they add). And they use a percentage of that extra money to pay off the politicians through their Lobbyists and Political Action Committees, to KEEP the 'system' Rigged and KEEP their 'market' shortcomings Subsidized. That's predominantly why there is Really NO DIFFERENCE between the political parties; it's a scam profession and is by definition a, 'Plutocracy'; and the beginning of the end of middle class and Rome.
doodee 10/03/2011 08:17 AM Report
Clearly, one of the Cornerstones to Warren Buffett's $uccess is his Integrity and Honesty; Especially working within such a Slimey (people-wise, the lowest common denominator) Industry.
SharkswithfrikingLazers 10/03/2011 03:46 AM Report
Happy Anniversary Charlie!
Yes Warren Buffet is a good choice since Thomas Friedman was just on and headed toward triple digits.
The "battered, twisted ruined tin pot steamboat" continues on . . .
Christopher 10/03/2011 03:38 AM Report
I Love Warren Buffett, just a lucid observer of US and world. I like the way he differs from prominent observers especially at 6min30sec when he goes against some big guns!
Peteryzhang 10/02/2011 11:05 PM Report
Yeah, George Soros, should we listen those gurus, they are not like Warren Buffet, they are pure speculators, market rise, they make money, market fall, they make money, it is not about the economy that they care much about,though they literally said so, it is about the fluctuation, which they are seeking. So, better listen to people with real businesses, than those 'Soros' type guys!
I like Warren because he's got the real wit of businesses as well as life itself.
Peteryzhang 10/02/2011 11:05 PM Report
Yeah, George Soros, should we listen those gurus, they are not like Warren Buffet, they are pure speculators, market rise, they make money, market fall, they make money, it is not about the economy that they care much about,though they literally said so, it is about the fluctuation, which they are seeking. So, better listen to people with real businesses, than those 'Soros' type guys!
I like Warren because he's got the real wit of businesses as well as life itself.
Peteryzhang 10/02/2011 11:05 PM Report
Yeah, George Soros, should we listen those gurus, they are not like Warren Buffet, they are pure speculators, market rise, they make money, market fall, they make money, it is not about the economy that they care much about,though they literally said so, it is about the fluctuation, which they are seeking. So, better listen to people with real businesses, than those 'Soros' type guys!
I like Warren because he's got the real wit of businesses as well as life itself.
ShalomFreedman 10/02/2011 03:23 PM Report
It is encouraging to listen to Warren Buffett. He knows his stuff and is , contrary to so many others, optimistic about the American economic future. Since he runs such a vast business empire and knows what is going on in the individual businesses his optimism seems based strongly on reality. He also a historical perspective, the experience of many ups and downs and a long- term faith in the American future. He also speaks honestly about the sacrifices Americans are going to have to make in the future. And his recommendation for increasing taxes on the super- rich seems both fair and wise. His idea for a minimum tax -rate of somewhere around thirty percent for the two hundred thousand largest earners is one element of this. Buffett speaks about a lack of demand in the economy. He also advocates continued support of the President but does not really explain why most business people do not share his view on this question.
REMant 10/02/2011 10:56 AM Report
Helping the stockholders, yes, but it also indicates a paucity of investment opportunities.
It is quite possible to be not only in a recession, but also a depression with the figures we have, because they aren't, if figured correctly, much different than those which obtained in the '30s. We have unemployment in the same range and just the other day it was reported the 30% decline in housing prices from the peak of the mkt exceeded the same figure in the Depression, which also featured a real estate bubble.
Mr Buffett always reminds me of playing 500 Rummy with my brother when I was a kid. He was pessimistic and I, optimistic. He followed a gin rummy strategy, looking to stick me with a lot of cards in my hand, but drawing (to mix metaphors) into an inside straight, while I always went for more points, and usually came out ahead. Buffett intends to buy and hold, let inflation push the price up, and keep from paying transaction taxes. To make this work he buys cos with his "moat." In addition, it appears he horizontally and vertically integrates his cos, to keep it all in the family. I'd call him a mercantilist. But just how wealthy he really is depends in the end entirely on his income, not his ownership.
Inflation is, in fact, much greater than it seems he believes, because it has traditionally been figured in terms that ignore asset prices. It has for quite a long time been actually around 10% per year. The issue in assessing inflation is how to deal with productivity improvement. But it shouldn't figure in price, only in value. As Friedman remarked, inflation is always a monetary issue, and this goes also to the difference between monetarist and Keynesian ideas. As I've said repeatedly, when the stock mkt rises, some are relatively wealthier, but all of us are worse off, because with increases in productivity, prices should go down, not up, saying that in the long run we are all dead is no reason for running a pyramid scheme.
As he said, taxing the rich doesn't amount to a lot, and you also have to consider they own shares in corporations taxed at 35% in addition to the 15% capital gains tax, tho, of course, as stockholders, they have benefited from asset inflation more than wage earners or the public generally.
The pile of cash cos are sitting on is relatively worthless as it stands, as he intimated also, which brings me back to why he's buying back stock. But decreasing debt in this situation will probably be a help even with such low interest rates, and help stem inflation at some point. Fact is, the govt should not be printing money either.
Merkel wants to lend Greece money, but not print it or strengthen the EU's control over banking, which changes to the bailout fund would amount to, tho Sarkozy, whose banks are in deeper doo-doo, is pushing for something bigger. This situation is not however simply the Europeans' fault. In a financial crisis, govt debt, being somewhat more protected from the slings and arrows of outrageous fortune, is always the last to go, but go it will. It is still debt, no better or worse than any other. Nor can it really be salvaged by issuing more or refinancing at lower rates, which is the same thing. And either way will hurt the simple savers who invested in it. The counterargument is the same as saying Lehman was too big to fail, and it was not, nor AIG. That is a Keynesian myth, confusing prices with value, as mentioned above. At the moment I'd be thinking as Mr Buffett about investing in industry rather than govt no matter what they do with the money.
Not to quibble, but a flat tax rate is progressive by any reasonable definition. It's just not as progressive as we have now, nor certainly what we had several decades ago. A POLL tax, which levies the same amount on all individuals, is not progressive. If you killed inflation with a 100% fractional reserve, then it might be fair to go back to a poll tax at some point since incomes would surely flatten and the tax could be seen, as it used to be long ago, as an incentive to work to pay it.
hari 10/02/2011 10:46 AM Report
Since I grew up as an undergraduate in the Bay Area - end of Eisenhower and JFK's defeat of Nixon - you've for some good reason brought some hope for decent conversation between civilizations. While rest of American media are caught up in socalled instant gratification and whatnot.
So, congratulations on first two decades.
Now, you need to focus on how the emerging economic/politcal geopolitics will impact US domestic and external relations. Because I suspect that without proper and also an objective perspective of our times, it is not going to be easy to let mainland China, in particular, and India and Brazil emerge as the next power blocks on the global platform - ie. thereby defining the decline and fall of American exceptionalism and its current gingoistic politics of self-destruction.
blank 10/02/2011 08:03 AM Report
http://www.bbc.co.uk/news/world-europe-15134136
http://www.bbc.co.uk/news/world-europe-15137948
http://www.bbc.co.uk/news/health-14948261
http://www.nytimes.com/2011/09/24/sports/24iht-athlete24.html
tojoeapen 10/02/2011 05:26 AM Report
Congrats Charlie on the 20th anniversary! Looking forward to more thoughtful and informative interviews, especially from a global angle. Your interviews have played an important role in improving my understanding of the world from multiple perspectives. Thank you!
LarryStewart 10/01/2011 03:53 PM Report
I was disappointed with the Warren Buffett interview because he rejected more stimulus out of hand and didn't address spending for infrastructure. I feel that spending on infrastructure can be more effective in stimulating the economy because it increases demand and it is the role of government to provide and maintain infrastructure.
Dasein 10/01/2011 03:34 PM Report
What would Nietzsche say?