Added: 4 years ago
From: leizhg
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  • If I had a lot more money I'll probably eat more fast food, get more books and see the world a lot more than I could now.

  • Slot machines TELL you how to win: "Play 20 credits", "Max Bet", etc. Just follow instructions.  ;])

  • his voice reminds me of heath as the joker.

  • lol, 09:52! Very true. :)

  • why smart people do stupid things :D

  • why smart people do stupid things

  • no question warren is the best in all aspects of investing.Although he is a good friend of Ben but i think that their strategy differ from one another.or i would say their investment approach.no matter how you are looking at it his potfolio speaks for itself.

  • no question warren is the best in all aspects of investing.Although his is a good friend of Ben but i think that their strategy differ from one another.or i would say their investment approach.no matter how you are looking at it his potfolio speaks for itself.

  • LEARN THE INSIDER SECRETS OF THE SUPER WEALTHY !!

    30billionaireschangingtheworld dot kom

  • 6:52 He doesn't use Beta in his calculations?? What then is he using? Some say its margin of safety, but that does not say anything about the risk of a company...

  • @jamestakeshi Beta is a technical indicator that's more associated with market timing than fundamental analysis. Remember, Buffett looks at buying stock as buying ownership in the company, meaning that he looks at the company's ability to generate returns regardless of market movements.

  • @marcweisi You are exactly telling me the opposite Sir...

  • @jamestakeshi I don't exactly know what you mean. It's possible I'm wrong (I'm only a student passionate about finance, not a professional) but margin of safety refers to the upside between the fair market value (current stock price) and the target price (Buffett arrives at this by looking at the book value of the company, its assets, etc). So, really the risk is accounted for in the target price. Does that make sense?

  • @marcweisi You're description of Beta is totally wrong.

  • @jamestakeshi Look, beta is a measure of a particular security's return versus that of the overall market--but you know this already. Thus, the reality is that beta is back-looking. And as you know, the past is not necessarily a good indicator of the future. While it can be useful, a stock's risk shouldn't, in my opinion, be reduced to only a single number. Read Graham & Dodd's "Security Analysis" or Graham's "Intelligent Investor." Buffett's analysis is based off of these books.

  • "If you hand me a gun with a thousand chambers -- with a million chambers -- and there's a bullet in one chamber and you said 'put it up your temple, how much do you want to be paid to pull it once?' I'm not gonna pull it."

    I love this quote. Sums up what not to do perfectly.

  • brilliant

  • warren doesnt even do it for the money, he donated 32 billion dollars to charity while most big businesses are hoarding trillions of dollars which is a main factor in preventing hopes of a proper economic recovery

  • Buffett - the man, the myth, the legend!

    Check out Roundupthebulls -com for free stock market alerts. They have been really helpful with market updates, news, and big picks. Check them out, its free!

  • @ProLifeHelp fuck off you cunt.

  • This guys is an extremely patient man. Thats why he succeeded in investing. Most people that try to make money try to do in a short period because they are inpatient.

  • "to make money they didnt have and didnt need, they risked what they did have and did need." sorry i had to write this out to understand it.

  • yo this mother fucker is funny! hahahaa

  • some1 help me..but i can't see how this guy, for all his charm, is anything but a huge example of rampant self-centered greedy individualism (sure he's giving away so much now hes getting older - but its not how you DIE, its how you LIVE that matters more..)

    A financial black hole which sucks more & more into itself, always protecting its own position ... & since money is ultimately just a way to quantify relationships the result is a serious and far-reaching distortion of relationships.

  • @mattinuk

    That is not at all how the economy works, and how investing works. Investors like Buffett are not "black holes". And the amount of wealth in the economy is not fixed.

  • @digitalcrypt Thx for comment. "That is not at all how the economy works" - can you substantiate this pls? "The amount of wealth in the economy is not fixed" - I didn't say this.

  • @mattinuk

    You comment about him being a black hole that sucks money into itself could only be true and relevant if the amount of wealth in the economy was fixed. Meaning, if Buffett acquires $1billion, then that is $1billion that is not available for others. And that is not how the economy works. I can substantiate that by just pointing out the changing value of the GDP, of the markets, of individual company's stock values, etc.

  • @mattinuk

    For example...I hear some people say "I bought $10,000 worth of stock, and it went down in value, and I sold it for $9,000. I lost $1000!!! Where did that $1000 go? Who got it?!?"

    The answer is: No one got it. It didn't "go" anywhere. It just disappeared.

    That is one example of how and why the values of economies change. Someone getting richer through stock values does not itself take money away from others. (Fraud/manipulation/etc. could, but that is entirely different.)

  • hes virgo im leo ...

  • great guy, that's real 'alpha"

    not such an idiot like many others

  • Warren Buffett donates money to organizations that support the killing of millions of unborn & innocent babies - abortion mills.

    For photos of the babies, please see type"abortionNo" into your search engine & go to the first website that appears. Check under subheading, "abortion video" under heading ProLife Resources.

    Or, type abort73 into search engine.

    Website reveals the sheer brutality of abortion & the violence abortion imposes on the voiceless unborn children

  • thanks for posting this. when and where was this?

  • Respect.

  • 04:31, truly a lifeadvice! Don't risk what you need and have, to get something you don't need.

  • LEGEND!

  • He said that he never or doesn't like to borrow money , so he wont risk the lenders money. Well, at one of the his biography videos here on youtube, his neighbour back then said that Warren borrowed 10,000 from him because he thought he could make some money. also Warren said that he likes his job because he makes money out of getting free money and hold on it... Am Confused now... somebody explain his concept please.. isn't all what he does requires risk, of his own /oithers money...

  • @peaceforall78 i just read his biography. Back in the days he used to have a partnership where a large group of people gave him money to manage for them. This is not borrowing, he got a fee and a percentage of the profit so his part of the pie grew larger over the years. Somewhere in the 70's he wanted to "retire" and ended the partnership and offered the partners the choice to keep the stocks themselves or sell them to him. Many stayed with the Berkishire stock and turned billionaire with him.

  • This guy is Great...

  • bldjr, that not only possible in the U.S. Anyone can become a Warren Buffett anywhere.

  • @smoothopia yea, but it's easier in the US, much more resources here.

  • ye i love this man, he's nothing like any other millionaire/billionaire.

    he lives in a average house normal car and is just normal...?

    I love this man =)

  • I love this guy, he is so real, and humble

  • Who were these 16 guys he is talking about ended up loosing all their money?

  • Thank you for posting the videos!

  • "There was a great book... no, it was a lousy book written once with a great title." So many nuggets of profound and simple wisdom.

  • Are you a white buffet? If you are, seems like you'd be giving this talk, not the man behind the podium.  Well, obviously you're not. Based on your idiotic remarks, hmm makes since actually....

  • 0:12

  • sysopkc is an absolute idiot. he didn't even know the Fed is not part of the government. the Fed is an independent (financially) quasi-government agency who's funding is strictly coming from banks that own them. stupid people never know how stupid they are and feel compelled to make a fool of themselves in public. pathetic.

  • 03:40 300-400 yrs old experience?

    Can someone explain this to me?

  • cooolway

    he is referring to the combined experience between all 16 individuals. so say one person has been in the business for 30 years, another person for 26 years, another person for 15 years, and so on...so that the combined total of experience is 350-400 years of experience

  • Thank you for explaining, msiligup.

  • it support his example of saying the people at LTCM had extensive experience in the securities business ....it's just an exaggerated example to say those people made big mistakes when they had experience and knowledge of derivatives, equities and debt securities

  • 16 people have aggregate of about 400 years experience, i.e. on average 25 years each, hope dat helps.

  • What Mr. Buffet meant by 400 years experience is that if 16 guys have 25 years of experience on average it would amount to 400 years. 16 times 25 equals 400.

  • @cooolway the 16 people together have about 400 years of experience.

    So say on average they have 25 years each, thats 16 x 25 = 400. As each person will have had complete different experiences during their working lives, he adds it all together.

  • Great video:) I five starred it and am your lifetime friend and subsciber.

    be happy NOW

  • this guy is brilliant.

  • ....obviously....he's the only person in like top 20 richest men in the world who succeeded mostly by investing.....

    if im wrong dont flame me cuz it is only from my futile research 0_o

  • comes down to ethics and that can lose money in the short run, but not in the long run and it lasts

  • I'll bet 6:00 is directed to a certain Bernard Madoff

  • This is a pretty descent blog on Mr.Buffett : Warren Buffett Report . Com

  • God Bless you Mr. Warren Buffet you made USA proud.

  • yes, for close to 20 years both A & B

  • So , buffet bailed longterm capital.....out...and then because of that the world was destroyed....they were smart and outwitted Buffet...he was too naive and bailed out people without integrety so now we all got fucked because of all the stupid things they did

  • When your net worth is 62 Billion (self made) I'm sure more people will respect your point of view. Say what you want, but he has made me a multi-millionaire. He is human and makes mistakes, but his batting average is pretty good !

  • What kind of an argument is that. Off course we all respect him. If Long term capital had failed, Lehman and Bearn Sterns would not have failed. Cause they would have been too scared to do the same things. I guess its not his fault though but I didnt know he was the one to bail them out, I thought it was the Fed.

  • you invested in Berkshare?

  • With all due respect, the reason America is failing is because of more and more people have defeatist / leftist or class envy attitudes like yours. This man came from humble roots not a background of privledge and dispite his enormous wealth lives a relatively modest life. Why try to punish success or achievement, he worked hard, made many sacrafices and took lots of risks along the way. That's the great thing about America ANYONE can become a Warren Buffet and benefit from his expertise.

  • great a about america, yeah any one can become a warren buffet huh? well yeah that is for as long as your government keep stealing from the rest of the world... think u forgot to mention that ha...

  • @bldjr7 Well the problem is that Warren Buffet actively supports a left wing anti-American agenda. Stop praising this Obama-supporting Un-American clown that is better at spinning his own image than telling the truth.

  • @bldjr7 Yeah...sort of...with all due respect, his father was a member of a famous Yale fraternity, a stockbroker, and a four-term congressman. He was fairly privileged. And surely not everyone in America can become a Warren Buffet - otherwise there would literally be no money to go around and no-one would actually do any of the work that the businesses owned by Berkshire Hathaway do.

  • @abyz1256

    There would be "no" money to go around?!? It is the exact opposite: there would be too much money to go around. That's where inflation comes in.

  • @bldjr7 Majority of wealth is inherited not earned. Social mobility in the western world is lower then that of china or india on average. The pay for the average worker over the last 30 years has stagnanted yet for the wealthy it has climbed quickly, neither does the supposed better leadership result in reduction of lifestyle costs (food,energy,etc...). This is the recipe for a broken society, the american dream need to be realized in reality rather then having it as an abstract concept.

  • @yuri3543 You're not going to become rich solely on being an employee. You're not going to be GIVEN the right path, you're going to have to find it for yourself. The "American dream" comes about through the opportunity's that you are given, some of which you can't take advantage of if you don't know about them. So you have to educate yourself to better take advantage of the opportunities that are out there. Thankfully we are in an age of easier access to information.

  • @termanogue well dear termanogue, I hope you're aware that you're only painting one half of the picture. Nowadays, the TWO ways to spend a rich life is either the side you're describing, pursued with morals or without them, OR the side of being born rich. Look at any statistic, there's one fact you can't deny. People born rich mostly end up rich. So please don't blame it all on the humble working class and calling them lazy and uninspired. Access to information does not mean access to money!

  • @rippendale I never blamed anything an the working class, all i said was the working class isn't built to become rich, regardless if you have a great job. Being rich means that even without a job your money will continue to work for you through investments. I'm not blaming one side or being far right of far left, I'm only talking about the theoretic opportunities that are presented in anyones life. Sure some rich people will inherit money (not the case with buffets children) I never argued that.

  • @yuri35435 Unfortunately the state has encouraged unnatural conditions that are keeping the workers from thriving. Few people know that GM's all time high stock price (in real dollars) was in 1955! That's just 15 years after union formation. When one factors in the fact WWII gave them a grace period, it's hard not to see how the union destroyed the company.

  • @yuri35435

    The average worker has a lifestyle much beyond what the average worker had 30 years ago.

    And the majority of millionaires in the US are self made.

  • @bldjr7 What Warren have done is so unique, He belongs to the 4% of the whole population that are earning 95% of all the money in the world.

    I value your argument about him, but frankly saying that anyone (the other 96% of the population) can become a Warren Buffett is quite narrow minded.

  • @018Marcus

    You are confusing "growth in net worth" with "being paid a salary". Huge difference.

    And since the amount of wealth is not fixed, and people can't earn less than $0, the stats of percentages of population/percentages of money are rather meaningless. There is nothing about Buffett being worth more now than 20 years ago that is related to whether or not a middle class person has more than 20 years ago. It is not a zero-sum game.

  • @digitalcrypt That was what I was trying to explain, thanks for clarifying my comment.

  • @bldjr7

    Not anyone, and not without a lot of luck. There are about 1200 billionaires in the world.

  • @bldjr7

    And as far as "leftists" go, Warren Buffett IS a "leftist." He's a democrat and has outwardly voiced support for Barack Obama saying that he's the kind of person we need right now. He also said that we need to spend money to make the economy bounce back, even if it temporarily puts us into debt.

    So, what do you have to say when one of the greatest capitalists of all time is a democratic supporter? At least let that give you food for thought: you don't have to take my word for it.

  • @bldjr7 Actually his father, Howard Buffet was a wealthy Republican Congressman. So he literally came from privilege.

  • @patfarlow even then he distributed paper and sold coke bottles as a teenager...........

  • You could say the same about the guy that split the atom.

  • What year was this?

  • Sounds like 1998. He said that he got a telephone call about LTCM "four weeks ago this Friday."

  • What an incredible human being. Mastering himself, his life and mastering the world at the same time. Absolutely fascinating to listen to. If I live to be half the man he has become, never mind the money, I will have succeeded.

  • Just like Ghandi, Jesus, and Martin Luther.

    Who needs great men when we have greedy men?

  • Buddy, you need to watch the video before posting your comment. Warren is talking about greedy people in 5:00 - 7:00 segment; here "greedy" stands for excessive leverage (i.e. too mush risk).

    Money management is a job like any other job, and, like in any other job, some people are smart and doing it well, others are not (and they will fail). Warren is of a former type... Just watch the video...

  • He is an interesting philosopher

  • Buffet's the best! Thanks for the upload!

  • He is leaving legend of this present world..There is a lot to learn from this Man.He goes for long term capitals, which is really goodHe is the one who believes in what he is.

  • Wow- i would love to keep watching things, but i cant understand SQUAT. once i get my better job, lol, im buying "investing for dummies." Helpful comments- i welcome.

  • He is hilarious...Hahaha!

  • This is the most likeable billionaire

  • @mendes9988

    Agreed.

  • @mendes9988 can you show me the stats and research on this who came second?

  • @mendes9988 you would've blown any billionaire.

  • He's great. And funny!

  • Wow, what a guy!

  • The thing I admire about Warren isn't his philosphies on investing because those will have to change with environment. What I admire is that the man has morals, beliefs and qualities that elude most of man kind. It is morals, beliefs and qualities of a man that determines the success of that same man. People think Warren is going to give them answers to their questions when the real answer lies within him. He has mastered himself and that translates to his success. Only the blind can't see that.

  • You said it perfectly. In the end moral fibre equates to success. Succes in all areas of life. Your Career, family , relationships and just life in general...

  • what companies and/or business does Buffet own?

  • Berkshire Hathaway

  • JNJ

    GE

    PG

    KFT

    COP

    BNI

    Good companies

  • Thanks for sharing the video

  • thanks for posting the video.

  • There's nothing new or enlightened about hating people simply because they have succeeded at making money. In fact, its so not new that the Bible even talks about it - it's called envy.

  • Thanks you. I was writing a very similar comment on video 1, but my screen name had not yet been verified. It is not evil to make money...or to do it very good.

  • I agree at 100%!

  • @ProLifeHelp People are here to listen to wise words from a wise man. Whether he's right or wrong about a specific issue like abortion, doesn't make him wrong about his thoughts on compassionate capitalism. Please don't ruin the comment section on an unrelated topic because you don't like the person.

  • @QuasiJL Whoever ProLifeHelp is, they didn't say they "don't like the person". They said abortion is wrong and Buffet has something (big) to do with it. Personally, this kind of information seems very helpful when "listening to wise words from a wise man". It's not just a "specific issue" which we can brush aside as irrelevant, its part of the fabric of his world view. For me, taking Buffet seriously means also taking into account this sort of information. I see no reason to be selective.

  • @rockin982 Wow, that comment is terrible. My comment is way better. Why did you get all those thumbs up and not me!

  • @TheDeathofGrace

    Attention whore much?

  • A guy gives away the vast majority of his very considerable wealth

    that's admirable to me...

  • This man has helped more people in the past few years than you will probably ever help in 10 lifetimes. Man you sound really petty for makin a comment like that. That is not cool player, it is not cool

  • You don't deserve to be able to speak. Go to one of his shareholders meetings before you make such radical hypotheses.

  • you really are a fucking retard man... buffett is an amazing man, show some respect you nobody

  • He's giving over 30 billion dollars away to a charitable foundation.

    What do you have to offer the world?

    I can tell you have never met Warren Buffett or even listened to anything he has said. (or atleast understood it)

  • idiot. you are an idiot.

  • I wonder, if cigarette companies didn't have such legal problems, government restrictions and health risks implications, would buffett then be a major investor. it is a good business, simple product, addictive and habit forming, has no taste memory and people will smoke 1-2 pack a day. sounds like it has all the qualities of a winning product.

  • cigarette companies?

    you no nothing about Warren Buffett, obviously.

  • correction to my comment:

    ..."his guiding principles like DO NOT BE GREEDY....."

  • I admire Mr. Buffett very much for many reasons.

    Here, though, he did not answer the question asked -- and -- instead, used it (the question)

    as some kind of an opportunity to discuss his guiding principles, such as 'do be greedy' and, 'enjoy your life each day'.

    I wonder if the person asking the question, even, questions, were planted.

    The whole thing seemed a repeat of other days responses.

  • l wanna say amen to that. Thanx for posting the video.

  • "If you risk something that's important to you, for something that's unimportant to you it just doesn't make sense" W.B.

  • Guy's he is selling him self and his holdings. He is so full of it. I have respect for him but there are two layers.

  • lol... ur dumbass true and true... so how exactly should he not sell him self and his holdings and still be himself?... explain that dummie

  • LTCM used to be clients : they were arrogant fools.Nobel-Prize winners...!!! They did not understand the reality of dynamic hedging or liquidity. Hubris gone mad.

  • "To make money they didn't have and didn't need, they risked what they did have and did need".

    That's golden advice

  • hi sam, who said that?

  • Silly me, ... patience is a virtue, now I know..

  • my mentor.....

  • Scholes (Nobel Prize Winner) also got fined for illegal tax deductions afterwards.

  • Buffett is the coolest of all rich people I rekon.

  • thank you, thank you so very much, my estimated friend, for posting this video.

  • my hero

  • thanks.Claudio from Italy

  • i've read alot about buffet, but i never really understand how this guy thinks... he is truely inspirational, and he has that integrity he mentions... a TRUE LEADER

  • a great mentor to me...I've read the books.

  • Mmmmmmmoney. I need to go back to college. I can write, but already owe like $60,000