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Warren Buffett on Long Term Capital Management

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Uploaded by on May 26, 2008

Warren Buffett on Long Term Capital Management. making money when you are already rich - James Cox finance blog

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  • article on this video on james cox finance blog

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  • Super point of view.

  • You only have to get rich once. Tell that to Bernie Madoff!

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  • Which MBA school was this speech held at?

  • @luckydogvegas you're an idiot. The Fed didn't bail out LTCM, a consortium of the most powerful banks in the world did.

  • NOt bad people? Weren't they the first ones trying to exploit the deregulated derivative market? Over leveraged to the teeth? someone feel free to correct me if I'm off base!

  • Great  video

  • So when Bear Sterns came to the water fountain, it only got drips of water (huh something must be wrong with the piping

    - not enough flow), so Bear Sterns died of thirst. Wait - he is not dead yet - here comes the Vultures to harvest those organs. Sometimes the water fountain works, sometimes it doesn't. We can't let the whole world lose faith in our system of water fountains.

  • Remember Bear Sterns did not want to shell out

    a dime to bail out LTCM. Then JP Morgan eventually bought Bear Sterns for around 10 bucks a share (after pissing off investors with an offer of 2 bucks a share) and left guys like Joe Lewis from the Bahamas who paid $860.4 million for a 7 percent stake @ $107/share looking like 'inverse rocket scientist.'

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