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Warren Buffett UNC Talk 1996 - Part 6

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Uploaded by on Jul 28, 2008

Warren Buffett giving a talk to University of North Carolina students in 1996.

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Education

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  • that was beautifully said. if you can't understand what somebody is telling you it's because they (don't want) you to understand it. i talked to a stock broker once for fun and he was trying to complicate the concept of diversification... and i was like dude, you obviously don't have my interests becasue i'm going to specialize and put all my eggs into 1 or 2 baskets that i've studied. it's amazing the only way to get rich is to respect literally every penny, and the penny will respect you.

  • Fannie Mae is a shell of its former self as well. He bought a ton of it back in 1989, but I'm sure he got out once the mortgage backed security became popular. That's a horrendous idea when you think of it in hindsight.

  • Haha, there is no more Wachovia.

  • Legend.

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