Warren Buffett MBA Talk - Part 7

[slobo7]

What a great man.

[singworshiplove]

I've got a qn. In Graham's book, I think he mentioned that it is important that a company pays dividend regularly. Why ain't W.B. doing it? (curious)

[rebeccatolstoy]

loooooove this!!! call it as he sees it....fabulous!!!

[ChinoXS]

The day Buffett goes.. it will truly be a sad day.

[views500]

In high cost areas like Manhattan, 1000k will make you happier than 500k. Buffett's wealth has given him access to politicians, celebrities, and the opportunity to shine publicly. This is not a criticism of Buffett, I am a Buffett fan. But, Buffett enjoys all these things very much. He enjoys trips with Gates, meeting Obama, and being the hero in modern finance. These things augment his happiness for sure and he would NOT have these opportunities if he were not a billionaire.

[BiggerThinking1]

NEWSFLASH - richest man in world picks nose! (3:41)

[TheLakeview4]

@leizhg, For those of us who believe in commerce and hadn't a chance at the Ivy League. thanks for posting this stuff.

[theartofluv]

He is a very wise man. I wish I can think like him.

[geneflash]

this man is pure old school in terms of finances, like my father!

[The1Smart2Guy]

Damn you Stumble!!! this is the 4th time i stumbled this vid in 2 days!!

[av4eternity]

Great Video

[Itchinoze]

I don't get why researchpapers' and 1stPlaceDirector's comments are bad.

They have their reasons. Before clicking "poor comment" people should think what they are doing and why they are doing it.

[bigricko66]

...wow...guilty of envy here! he's so brave, so balanced, and so "out of the box" especially when it comes to vetting the macro economic factors. Letting go of economist's insight for me, and probably many of us, is like fixing your eye with a pitchfork.....I would give up everything I own to work for Warren Buffet for a year!

[geneflash]

@bigricko66 you will be stupid to work for him, you just have to understand the simplicity and an analog person in a digital world. I f you look at his company and his history he never invested in blue chip companies with high stakes...

[betteryoubetter]

@geneflash yeah so what? You make no point here. He just bought BNSF, and what a huge stake that was. Look at his earnings history. Some pundits here say "its so easy, I knew that..I'd say oh yeah? show me the money! Buffett and Munger are a special breed! who's duplicated? Many may have immitated but to this result? I think not! Also: Public open "shame on you" to all your corp accountants! You became enablers when you were supposed to referee! And you HR specialists! Get in the game! HR is BS!

[tehrev99]

because smaller percents don't mean less money. If the company was worth $1000 and returned 30% the gain would be $300. If the company was worth 100,000 and returned 15% the gain would be $15000. Just because you can't sustain the same percentage return doesn't mean it is a smaller over all return.

[G00g284]

@tehrev99 nice man =), i knew that but nice :P

[xbadmintoner]

greater amount of cash has allowed and will allow him to arrange deals that are not accessible to smaller investors.

[dopexile]

Standard of living is not equal to net worth. Scientific studied have proven that money only increases happiness at lower levels. Meaning if you went from making 20k to 500k a year you would be happier because you wouldn't be struggling to eat. But if you went from 500k to 1000k your happiness wouldn't change. If Warren only had 1% of his money he wouldn't be living any differently and it wouldn't change things.

[cardinalfire999]

@dopexile Secret to Happiness = Choices, it's all internal, nothing external can increase happiness, hence why the amount of money somebody has doesn't mean they are happier.

[hellomate639]

@cardinalfire999

Well, its easier to be happy when you have a lot of money. I think after you hit financial security (which varies from person to person based on what they can live with), happiness comes down to the quality your relationships and commitment to your passions.

I mean, you can still be happy with your passions and relationships, but if you lack the money, then you'll have that source of stress when paying the bills and what not.

[masterxyzxyz]

I agree with finalfantasyhk. I think it is important, we

do, what we enjoy most, but I money is an extremly important issue. You hear the phrase, that money doesn't make you happy. Well, ... , I can imagine being happy and unhappy and I'd be a lot happier with money.

[finalfantasyhk]

I'm not taking any sides or saying that we should not be "selfish", but Reneen1: "That's not the right mentality to have. Look at him, he is being generous."... yes he is, but he is so rich already, if I were even half as rich as him I wouldn't mind telling everyone in the world any "secrets" or whateva...

[priyankdhabu]

do wat u love n love wat u do cheers!!!!!!!!!!

[prnceyumyum]

my thoughts percisely, that is why 1% of us are multimillionaires, only 1% of youtube watches success.

[ophionwk]

That´s exactly what i was thinking right know ...

Good for us i guess !

[catalinf1]

It makes me sad to see that when a new video made by some music star is seen by millions in the first few weeks, and at the time I'm whriting these there are only 1619 views. People care much more about what Paris Hilton is doing that what Warren Buffet is saying. And if you think about it you would realise that he is 100 times smarter, 1000 times richer, and a million times funnyer then her. Don't you think so?

[sumitbn]

@Catalinf1

Well I would say if lesser people listen to what he is saying more chances i have to get richer because fewer people would know the secrets.

[catalinf1]

I couldn't agree more.

[Renegen1]

That's not the right mentality to have. Look at him, he is being generous. Graham was generous, he gave his theories to everyone willing to listen! Didn't Buffet say in the earlier parts to take the good behaviors? Yet you're taking the behavior of selfishness. The fact is, we can both you and I profit, this isn't a zero sum game. Not only that, if you were lucky enough you might of understood from these videos that he never did it for the money. You do it for the money, you've already lost.

[Toughguy8586]

Rite..... being generous is the key......

This man donated $33 billion to bill and melinda gates foundation wen he was just worth $44 billion.....thts approx 75% of his wealth.......

nd now he is worth 52 billion nd bill gates is worth 56 billion....... wat would b total if WARREN wouldnt hv donated????????

d whole point is genorisity do pay back.....

RENEGEN1 ur absulutly rite

the win win strategy is best strategy in buisness.......

[theJade]

From my understanding, Buffett didn't give a one time donation of $33 billion. He's donating, over a period of time, shares of BRK which ultimately will have a combined value of 30+ billion. Which is to say, he didn't work from "ground 25%" up to 52 billion.

[studleymascot]

it doesn't start until after warren dies. and is spread out over the class B shares within the company.