I enjoyed reading the article and watching the video of an exclusive interview done by Charlie Rose with Warren Buffet. I’m sure that there are a lot of interests to know how Warren Buffet thinks about the financial situation we’re currently in and how’s his outlook on the world economy. You might just be able to gain some new knowledge by reading and watching this interview.
There were several quotes which I thought were worth noting down such as:
When people talk about cash being king, it’s not king if it just sits there and never does anything.
There are times when cash buys more than other times, and this is one of the other times
Those are simply another way of putting one of Warren’s famous quote into context:
Be fearful when other are greedy and be greedy when others are fearful
It was also quite interesting to see that Warren is positive with the US government’s bailout plan, while another billionaire investor Geoge Soros criticized the move.
The text version of this interview can be found on cnbc.
Since you’re here, I suggest you might also love to read about Charlie Munger’s World Wisdom.