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  • I like how Warren Buffett tells people not to use credit cards yet he owns a credit card company (American Express) :) Truely a man with high integrity. Sound advice here

  • buy brick and mortar assets = get wealthy. seems easy enough.

  • @TSARMOTAF is if you have money but if you dont then you have to borrow it

  • easy for him to say dont have debt

    i dont but many do and cant move forward without it

    still think he's a poor soul

    never had the vision to do anything  with his monetary wealth and in his fear gave it away

    hes just a anal plodder

  • @marionetemanJ so what hope he sorts a few of these religions out and stop warring over it; live love peace and happiness to all

  • @Ozlakota look at yourself in the mirror. if you have debt, get rid of it by going bankrupt. then work to get your credit rating back in order, then go to the bank and buy a brick and mortar buisness. oh wait, you will never do that.

  • All good advice, but he forgot one key to his success: Buy a Democrat and get them to pass legislation that helps you out. For example, His Bank of America stock gained over $154,000,000 when Obama signed the $25 Billion bank shakedown bill the other day. That's just one example, and if you care to dig deeper you'll no doubt find many more.

  • @kchest4063 Everyone holds Buffett as some great white knight, I beg to differ.

  • @kchest4063 Buffett made loads of money when Bush was President. Take your Fox fed talking points somewhere else.

  • at the moment this isnt a good advise tho.

    mid to long-term the us-dollar will become worthless and all decent savers will get ripped off.

    take a long term credit now and speculate with it!

  • He always talks about making great money over long periods of time. How do you make good money over mid-ranges of time?

  • @person1500 you dont thats the point.

  • Warren is about to realize what happens when you buy loyally every month of everyyear of yor life and then you are so unlucky to retire in a period of great upheavel. It's all a crap shoot.The 80-100 year cycle is about to come down on his head when great fortunes and wealth shift to another group virtually overnight.

  • Watch around 1:30 when he's saying "How could someone lose money during that time". Look at how the woman responds:)

  • Wise man

  • Finally someone with common sense and not some babbling stupid fucking idiot talking, for a change.

  • DEBT IS THE WORST FORM OF POVERTY...............

  • @suzannesadiiqa preach it sista!

  • Buffett's best tip is owe over a billion in back taxes and not pay them...then say that he should be paying more taxes...HE IS A FUCKIN$ DOUCH.

  • Basically, no dancing.. got you.

  • it turns out that Buffett’s own company, Berkshire Hathaway, has had every opportunity to pay more taxes over the last decade. Instead, it’s been mired in a protracted legal battle with the Internal Revenue Service over a bill that one analyst estimates may total $1 billion. Yes, that’s right: while Warren Buffett complains that the rich aren’t paying their fair share his own company has been fighting tooth and nail to avoid paying a larger share.

  • @PrismaMD

    And you better suggestion is?

  • buffett is a great investor, but he is scumbag for telling other rich people to give more money to the IRS. what other people do with their personal property is NONE OF HIS BUSINESS. if buffett wants to pay more taxes, he is free to send extra money to the IRS, but he doesn't because he is a fucking hypocrite.

  • @tiehut He is asking taxes for the rich to be increased, that includes him, so he is not a hypocrite. Rich people hire accountants and use other tactics to avoid paying their share of taxes, in short most rich people are legal criminals. You sound guilty as hell in this respect.

  • @mikeyo1234 you are a fucking idiot. buffett owes BACK TAXES. google it if you don't believe. buffett is a hypocrite, and you are a naive sucker

  • Don't buy Mutual Funds buy ETF index funds. Put in sell orders so your hedged if the market dips. Then buy them back at the low point. Don't get into day trading. Just manage your investments when there's opportunity.

  • @happyuk06 On your 1st point: Knowing when the rebound will occur is impossible, and can only be intuitively or logically estimated. I recommend you look at the history of the NASDAQ and the underlying reasons for price increases to assert whether that trend is likely to continue at a rate greater than the most obvious opportunity cost.

    On your 2nd point: You're forgetting the opportunity cost of inflation, long-term investment consumption.

  • @PrismaMD

    Why is he a cheapskate?  Because he's not giving his money to you?

    He's leaving his entire fortune to good causes. Some cheapskate.

  • Warren Buffet looks like hes only a few inches away from the grave agewise.But then again the man has so much money he could probly pay to come back from the dead.

  • hey Buffett, why don't you tell ppl the real key to wealth....laundering billions in mexican drug cartel money through your bank...then when you get caught, you pay a $140MM fine (an actual incident, look it up) after making billions....piece of trash. Drugs...its the American way. Only difference is that when these scum get caught, those bought off whores in congress give them a slap on the wrist but if the police catch you with ONE BAG of marijuana or coke, you'll be in jail.

  • @feseveri1911 what is your source?

  • Don't agree with buying index funds. It floated around the same value for 30 years of the 20th century. That's loosing money on savings after inflation. It took off during the capitalist measures of Reagan's administration, deregulating banks, increasing volume traded. In 1965 it was at 969. In 1980 it was at 1000, in 2000 it was at 10,000. I like his ideas of staying out of debt. In a stagnant housing market over the next 10 years, rent may not be an inflation protected form of income.

  • @ludwigchopin hey mate please could you elaborate? What's wrong with mutual funds, this is pretty important beca\use just 1 week ago I invested 80% of my savngs into one!! Oh shit, what do you suggest, actively managed mutual funds? What is better than an index fund ? Mutual funds? something else? Please help man, I need someone smart!

  • @ludwigchopin

    You omit two important facts about index funds

    1 When stock markets plummet during the intervening periods, as they inevitably do, then providing you drip-feeding a fixed amount every month/quarter, then you are effectively purchasing a spread of shares in top-notch companies at bargain bin prices.

    2 Dividends earned on shares making up the index fund being re-invested - these can range between 2-4% per annum, pretty much the same as savings accounts these days.

  • Mr. buffett if your against debt then why do you invest your money in banks? Because banks know how to scam people into debt!!!

  • @MrDirtyUncle I don't know why he said that, but what I can tell you is that it's for your benefit. He isn't against debt, he is against personal debt. Investing in banks can be a wise decision because they make money on debt.

  • @Exodent Oh MY gosh are your serious! I did not know that. And I thought banks gave away money for free.

  • My dad has never had a credit card the last loan he had was in 1965 he owes no one anything and he is very happy and debt free.

  • fuck buffet... bogle is a much better advisor

  • hhhh he always give the farm example: with corn and beans in interviews

  • He gives very good and simple advise. If these practices were stressed more in life, the overall financial situation of our country would be much better.

  • No, he is simply saying look at what you are actually investing in instead of listening to or worrying about what everyone is saying about the investment. Buy something you know, and hold on to it, instead of buying and selling based on advise and trying to time it.

  • I think Buffett is a nice person. But he is far far far away from reality.

  • @ChannelMCK Elaborate, what piece of advice did you feel wasn't realistic?

  • @kevinseveneleven

    For example to avoid debt, buy funds if you have savings. He's talking to those who can effort this, but how many people are able to make money with money? Most people of this world need money to survive, not to enrich. So of course his advices are realistic, for those who can use them ;) And this is what I was trying to say - he is a nice person, wants to be taxed - mostly because he's is very intelligent - but those are not the solutions the financial world needs.

  • @ChannelMCK Well, then what you're actually getting at is practicality, because on the global level yeah most people can't come up with enough cash to invest and make a difference in their lives. What he's saying is aimed at people living in 1st world conditions, everyone else needs a different set of personal goals and advice.

  • Well, he speaks very well but the video is too short.

    Thanks for uploading

  • sharp cookie

  • too many people dancing in and out

  • I have that exact same blue shirt Warren is wearing here.

    See, I always thought we had something in common.

  • @cheeriosinabowl

    it surely aint his bank account

  • @Capeau

    .... well,  none of us come close to Warren's level of wealth, do we?

  • @cheeriosinabowl

    you never know... bur in my case certainly not! lol

  • @cheeriosinabowl correction, you may think none of us come close to warren buffets level of wealth.

  • @cheeriosinabowl I can't even afford the shirt lol

  • @cheeriosinabowl What shirt is that, how much does it cost and where did you buy it please?

  • @zurriagazo71

    .... it is a very comfortable shirt, which I bought a Sears many months ago. Cost about $30.00, it irons very well, and it can be worn casually or with a suit and tie. It also can be worn all year round, cool in summer and warm in winter. It has nice buttons too. Tx for asking.

  • @cheeriosinabowl I cant believe you copied these words just from Buffet from his interview..He says these words when asked about his house. It keeps me cool in summer and warm in winter...and also the flavour of your words are Mr Buffets.. I cant stand copy cats.

  • @onlysush11

    ... copycats? LOL

    If you have nothing intelligent to write, go and play with your toys. Get lost!

  • @cheeriosinabowl ...As if you wrote something intelligent. u Intellectual Geek..Sorry mate ur already lost in your mind..before u tell me off..! I like this silly argument between continents. People who are CopyCats and people who are advised to play with their Toys..! ahhaah..How silly Geek.

  • @cheeriosinabowl bouth of you are old farts haha

  • @DayTraderBiH

    ... nope, not an old fart yet. Warren is, not me.  haha....

  • @cheeriosinabowl shame on you... your are antiamerican

  • @mikemer79

    ... shame on you for a dumb comment.

  • @cheeriosinabowl lucky you

  • This man is very practical and brilliant. He advises getting debt free first because nobody, even him makes 18% on there money. He is also very patient considering the part when he says 20 to 30 years down the road. That is older then the majority of YouTube viewers.

  • @Score1ForTheRepublic

    Spot on. What makes me laugh is when you see TV pundits panicing over stock market fluctuations and you realize they are talking about time scales not of decades but months or even weeks!

  • @Score1ForTheRepublic he makes a bit more than 18%! :))

  • Is anyone else observing Warren Buffet never answers a question straightforward? Something not right in this picture.

  • hes telling you what to do then telling you 'not to listen to advisors like me' wtf

  • @anonymousQ45 So if you're not listening to advisors like him, and he is advising that you not listen to advisors like him, does that mean that you should listen to his advice?

  • @anonymousQ45 Yeah, once you start investing, just stick to the plan. Don't listen to anyone else, even him. He's giving you money management advice, not investment advice.

  • Put their ass in order? lol

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