Warren Buffett On Exposing Business Frauds And Deception
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- เผยแพร่เมื่อ 30 ก.ย. 2024
- Warren Buffett is well-known as an investor with a great deal of integrity, and in this video, he explains how he has been able to determine with a great deal of accuracy whether certain businesses are engaging in fraudulent conduct.
Anyone else get the two old guys in the balcony on the muppets vibe with these two? Great clips.
YES!!! I knew they reminded me of someone!!
Lol oh yeah huh?
Yes, always
The muppets were based on these two, so that makes sense.
Statler and Waldorf.
I like Warren but its fascinating to hear him talk about insurance companies denying legit claims, when the insurance companies he owns do exactly that all the time
How do you know that, who told you that?
@@vaughnkavon3993that's the point of insurance. They wouldn't make the maximum amount of money they could, and they sure as hell wouldn't hire lawyers and specialists in the field to deny somebody who clearly has a problem. And if they don't make the maximum amount of money the board fires ceos and executives
Lol FACTS
That's how he knows
He is an investor, not the director or ceo of every company he owns stakes of
When there were vast numbers of people talking about Enron as a "can't miss," I read the annual report. I came away with no understanding of how they 'made money.' I thought it was me just not understanding their idea, but now we know.
Indeed they did not😊
My father worked in the same industry at the same time and Enron was one of the companies he had to do business with. He told me, "Everyone knew what they were up to, especially the regulators. It wasn't a secret."
Read the Smartest Guys in the Room. It turned out the reporter was the dumbest one who's questions caused the fraud to collapse.
George Bush was very much involved in it
@@Rogger23-ly4rz so what?
Never trust a sales man dressed in an expensive suit driving a flash car because you'll end up paying for them.
"Never trust a man who wears a fake spray tan. If he'll lie to you about something as stupidly obvious as a spray tan, he'll lie to you about anything."
My Dad, a member of "The Lost Generation."
Who is now an avid tRUMP-licker.
My boss came thrashing into his office and I knew something was wrong. When I asked, he asked me a question. "What's wrong with my driving a Cadillac?". His customer disparaged him and thought the quote was too high, claiming he was financing the fancy car by raising prices. Not true, but I understood the guy's point. After that, my boss made a habit of driving the service van to appointments. That worked well.
@@microdesigns2000 Slightly related, but it's always funny hearing an apocryphal story. A young salesmen blows off a guy in a fishing shirt and jeans driving an dirty pickup truck. Thinking he's just some looser who can never afford the expensive cars. Turns out that guy own the multi-million dollar farm!
@The Richest Man In Babylon Same or maybe slight difference. Maybe the word trust is too harsh and the comment should read 'be wary'. but the point is the same which is that his customers finance his lavish living.
@The Richest Man In Babylon What's going over heads is your ability to correctly read comments. Learn to do that before you deem yourself qualified to criticize anybody.
Some guys would rather get ripped off by a guy that looks the part and makes them feel successful than actually be successful with someone who doesn’t look the part and have the right vibe.
who had the right vibe, pray tell?
Why would anyone rather get ripped off than be successful?
My company will die on the sword of having Sr mgmt with the right look vs getting anything accomplished. We'll be gone in 3 yrs. This is a culture change the last 8 yrs or so
@@JC-dy7tf I hope you are looking to bail rather than go down with the ship.
"Easy money" "Like taking candy from a baby"
lack of work ethic means trouble down the line.
Anyone who doesn't mind fleecing his customers is someone who doesn't mind fleecing you either.
This is so true.
1. Use your contacts to get investors...
2. Start a campaign that your company will change the world.
3. Bring celebrity investors
4. Go to TedX or Joe Rogan podcast to talk BS.
5. Start pumping money to your salary and compensations.
6. Buy insane work spaces with company's money.
7. Get a jet and go to parties every week with company's money.
8. The company will tank and you blame the economy or government regulations.
9. Cash your golden parachute.
Sounds great to me, lol 😂
You’ve explained the business model for most “entrepreneurs” out to make their millions on the backs of others.
Are entrepreneurs bad this month?
Sounds like WeWork.
Elon is that you?
We have a family company, and have been offered deals which turned out to be fraudulent over the years. We always said no. We didn’t do this because we have magic powers that allow us to judge character. It always came down to having confidence in ourselves and our ability to understand things. We know how we make money, and are confident that we can understand how you make money. But if we don’t know how you make money, or can’t understand how you make money, then we don’t want anything to do with you. So far we have never missed that once in a lifetime deal, but have avoided being involved in several large scale scams.
I love the story about Charlie kindly offering to inflate his claim to $120k from $12k so the insurer couldn't just dismiss him. Absolutely brilliant.
Wouldn't he be committing obvious fraud. He admits it in the letter.
@@adicamdzic8470 I'd doubt that, because Munger could rightfully claim loss of productivity and other second order effects from the initial theft which would add up pretty fast. Thoughtful observation though!
Mmmmh gotcha
@@adicamdzic8470 You can always sue for more than owe if someone refuse to pay due to punitive damages in this case the Insurance company is committing fraud by not honoring his claim.
@@walden6272 thank you
If ur greedy, u can be scammed. As simple as that.
Or desperate. That’s where conversions r easiest cause they’re vulnerable
Very true ... Greedy folks get got by Greedy folks
you don't think that warren buffett is greedy?
@@rlkinnardWarren is greedy but he is not desperate. If you want to make money, are you greedy?
I once saw a secretly filmed movie clip from an event arranged by some hyped startup company, and at one time there was a fairly young woman (not Elizabeth Holmes, this was in the 90s) who stood on stage yelling like some cheerleader, getting people worked up like a preacher at an extatic evangelical church meeting. I remember thinking "does anybody really buy into this sh-t" but the thing is that they do, and had I been in that room maybe I would have been drawn into that extatic feel as well. It's very human and very disturbing.
I still can't believe Elizabeth Holmes actually got Warren to invest in her.
Sounds like an MLM , pyramid schemes
and Fascism
Hey , it's been working for churches so why not?
@@catherinesanchez1185The true church; given to us by Christ; in no way shape or form does this. All human beings are called to worship in reverence. If we fail to worship the only One worthy; then we will worship ourselves and others. Scam culture. Hoe culture. And many others
Too Good to be True == RUN ! Nothing's easy in life; people who peddle schemes that bypass that fundamental fact appeal to our need to get to the finish line unscathed by disappointment.
Proverbs in the bible: Make Wealth Slowly". If a person in a hurry to become wealthy quickly, often falls for the schemes.
“If it seems too good to be true, it probably is.”
@@robertewalt7789first rule of investing, also a fool and his money are soon parted.
I get this same gut feeling when I watch “promotional” videos by a startup company who are claiming they will revolutionize the building industry with their folding mini homes.
I seen something similar, but the one I came across they build these lovely folding homes, could ship the equivalent of quad 16 foot mobile home in a single trailer, but never bothered to make the thing meet the basic standard building code.
One day one of them will get it right though.
I'm currently revolutionizing the transportation business with custom buggies -- horse not included. Now's you time to make your money work for you.
And a few container homes startups
Just Like learning about women in your life
I think these 2 men are saying that if the other party wants to do something with the accounting that you don’t feel comfortable with, run! In other words, if the other party wants you to trust them too soon in the relationship as demonstrated by asking you to do something not ethical with accounting, with the numbers, run!
Warren & Charlie are a great comedy duo.
It looks like stand up comedy for investment 😂
What are the names of the two elderly gentlemen from the Muppets?
@@0MoTheGStatler and Waldorf. exactly, lol
I was saved from Bitcoin collapse thanks to these two -
90% of humans are pretty much hot garbage. If you assume you're NOT likely to meet the relatively good 10%, then it's a lot easier to hang onto your money, sanity, and most importantly... your TIME.
Just standing up for the 90% here. I don’t think they’re bad. I just think they don’t tend to be very smart. Or they don’t tend to be smart in as many areas as the 10%. Also, if you think about it, if 90% of the people in the world were trying to scam everybody else, nothing would ever get done.
Most people are incapable of accepting their own flaws and getting better so they try to blame others
Trust is like virginity, once its lost, it can never be restored
unless you become a 'born again' type loser
Au contraire, one can become a reclassified virgin after a year of abstinence.
@@g0679 no, I think they get classified as "horny masturbator"
@@g0679 on what planet does that make sense to you ? Once you've had it the first time , that's that.. smh
@@gumshoe7237Probably a delusional woman who was careless with her most precious possession. Truly sad!
It’s amazing how lucid they both are at that age.
As opposed to our President and Vice President? I don't know what her excuse is!
Keep watching, eddie. You may learn something. Putin and your Mr. Trump are the outliers; not our current leaders.
I work with accountants and attorneys, they stay working into old age and stay pretty Sharp since they're using their faculties instead of decaying in front of the TV
The adrenochrome helps 🙂
@@eddiemunster8634 a lifetime of lying causes the mind to rot quickly.
Insurance is a complex business. Each year you take in the premiums, people make claims and you pay out claims. Looks easy, but the payout of claims is often several years into the future, and the claims may also be made in the future. So you need to be able to predict how many claims will actually be made, how successful they will be and the size of each payout. Underestimate the future payouts and your insurance company looks like it is doing brilliantly. Of course only until someone notices that your estimates are wrong. Then it goes bad fast.
Always have to watch the carpet baggers that will sell their bill of goods to the board. They'll force out key people that built the company, eliminate R&D other than on paper, reduce maintenance below minimums, accept a lower quality of goods and service, add quantity sales incentives to reduce inventory, and layer in short term performance bonuses to pocket as much cash as possible. In about two years the company is faltering, customers are pissed, market share has been lost, no next product was developed to stay viable, and the carpet baggers are moving to their next company. Why just look at the way they turned their last three companies around and how poorly they did without their firm management hand.
So yes, look at their management. Look where they have been and did they leave wreckage, destroying promising company after company in their wake. Odd thing is that college business classes teach them how to do it and, in fairly unethical "ethics" classes, how not to go to jail while doing it. Basically how to be a toxic corporate leach for fun and profit. A how to "get rich" rather than how to grow a healthy and profitable company. More: How to fake it until you can cash out.
Exactly How Carl Icahn got rich
New York City, U.S. In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the Forbes 400 and has a net worth of approximately $17 billion to $24 billion.
*Just remember this one thing* -------------- 'If it's too good to be true ----------------- *it's too good to be true'*
These two are the only investors that give good advices while others are trying to scam you into buying their pumped up stocks or cryptos so they can get rich off of you.
The best deal would be to buy stocks at $0.00 because it's the market value.
8 I😊@@robertagren9360
They give good advice because they got more money than they could possibly spend ages ago and have been just doing it for fun for the past 60 years.
And they're not trying to sell people on anything. They'll put out a book or something, but they say if you want to invest with us, buy Berkshire stock. Then if you're the average investor, they tell you to put your money into the S&P.
I worked for a very big successful company that decided to go public, prior to going public they temporarily changed their very successful way of managing the company to soften up the numbers. Suddenly it was a night n day comparison until they eventually had their IPO. Awhile after the stock was issued, they went back to their efficient ways of managing . The term “integrity” was a convenient term for the management and was so important to continue one’s employment there, which it should be. Many times a family man or woman was terminated under the broad brush of “lack of integrity”. Even the biggest “honest” companies in the world will “confuse” the public.
What is your point?
Money can make even good people do bad things.
@@Thoth19it means they made it so that returns investments from outside will be lower than actual. If a company is doing great, then if I buy their stocks I expect to also get proportional returns. But why would you give higher returns if you can get the same amount of money for lower returns? They just did the opposite of padding their numbers to look like they are good investment but in this case they are already a good investment so people will want to buy their stocks not knowing that had the real numbers been use the same price they pay for the stocks will yield higher returns. But to the one who does not know, they are not getting hurt as long as their stocks are in the positive and who the company probably rationalized their action and the execs were able to sleep really well knowing they'll wake up to a nice vacation.
In my opinion, all business people or those looking to get into business should watch all the videos of Buffett and Munger. Quite educational.
Anyone that uses the term “game changer” might not be a fraud, but they certainly are either deluded or knowingly selling BS. “Game Changer” is a verbal tell…..walk away every time.
Old Statler and Waldorf at it again 😁
Uhmm? A rather discombobulated bit of babbling! Best of luck!
I once went to this _startup_ meet where founders came up with proposition of future projected revenues at upwards of 1$ Trillion dollars ! People want to use superlatives to emblsh themseleves.
People will try to tell you who they are,
'believe them.
I liked the "it's like taking candy from a baby" example. Dude, if you think taking candy from a baby is a good thing, you're probably not the kind of person I want to trust in business.
@@cisium1184 Well, babies shouldn't be eating candy anyways. They will choke and it's not healthy. ;)
Avoiding frauds is the elephant in the room when it comes to investing. I've beaten the my local total return index by an average of 7.7%p.a. over the past eighteen years.
I'd estimate that I'd have added at least 4-5%p.a. to that by simply avoiding situations where crooks take your money! It's happened sooooo many times, I'm convinced that at least 30-40% of apparent bargains on the stock market are actually just instances where the market has cottoned onto the fact that there is something shady going on.
Exactly. When I was less experienced I lost so much on those bargain shares that my return was around 0% for first 10 years.
@@tongobong1 you are in good shape, most trader loose in their first years
@@sarnosidiq6212 yes I know.
Slight tangent: Ever wonder why Mazda never did come out with its expected green diesel? I’m convinced they knew VW was faking the results because they (Mazda) couldn’t replicate the emissions results no matter how hard they tried. They knew it was fishy.
ONE THING TO LOOK OUT FOR in these "Solar Pannel" salesmen is what they DON'T tell you. What they tell you isn't necessarily false, but what they don't tell you can bite you big time. I've run into this TWICE. I caught them both times, but it done seem to be pretty standard practice.
What don't they tell you?
@@gasphynx Because the impression that they give by what they tell you is different than how much it will actually cost, how much of your expense you will be able to regain, and how it will work. For instance, a big portion of your electric bill is fixed "fees" that you will not recover.
"You don't know what you don't know."
Well he cut Wells Fargo loose.
me too...
A lady I respect used to work as a teller at Wells Fargo. She started getting nervous about her job when the tellers were directed to run sales pitches at every customer that came through their lines. Her supervisor started giving her verbal warnings about it, and ultimately she found other work. Too bad for them, too. Even in a medium sized town like this one, just about everywhere she goes someone recognizes her from her old job and stops to chat. When businesses get too pushy and stop focusing on good customer service they always lose the people who make their customers feel well taken care of. Then they start losing customers. Of course, as far as I understand, with Wells Fargo, that's just the tip of the iceberg.
Wells Fargo was ethically challenged to put it politely
Does this mean my MAGA relative got taken by investing in Trump's social media company? 🧐🥺
10:54 Also never trust a company whose employees aren’t smart enough to doublecheck who they’re sending an email too. Sheesh.
The time to already be worrying
is when they say there's nothing to worry about
The puppets on the balcony of the muppet show really made something of themselves.
I didn’t see it until you said it but now I can’t unsee it
Buffett wants to teach us but feels forced to answer these questions in purposefully vague ways. If he sees something, he should be able to say something without fearing consequences. We have some flaws in our system, which he believes prevent him from exposing fraud.
Note also that he has more data about fraud investigation than ordinary people because the banks and insurance companies he invests in routinely face thousands of fraudulent claims and loan applications every year. It's a shame he believes he cannot share these lessons.
...in the US you must be careful what you say and how you say it...even if it's the truth.
Buffett seems worried to broadcast to future fraudsters how he detects fraud for fear they will change their approach - and he said as much. But are you going to share your wisdom or not? You are not much good to anyone Warren, except your heirs, if you're afraid to teach.
That bit about having to pay executive bonuses in cash is real. Companies have been using that very "profitably" for years. It's not really that you are paying extra for wall street companies that do that at this point so much as that you can get companies that don't do that at a discount.
In the Real Estate World the fraudulent "fluff" is called "Pro-Forma" The agent claims the property income to be much higher than it really is. They want the buyer to pay based on these fabricated numbers.
Charlie Munger died 33 days short of his 100th birthday.
Damn !
Were you invited?
:
A whole lot of rambling and not much of anything useful here. I will say that If somebody trying to sell me something talked like Buffet, I would be showing him the door.
What about Warren's significant investments in carbon capture tech instead of the triple bottom line of nature-based strategies that enhance ground water supplies, decrease wild fires and preserve the biological diversity we will need to adapt to our changing climate? Data indicates nature-based solutions are more effective and less expensive than any carbon capture technology developed thus far. Therefore, not a good investment. The carbon clock is ticking Mr. Buffett. With great power comes great responsibility
Very true, too many way over promise and always seem to under perform. I have met a lot of bullshit artists that have business degrees and wear expensive suits. It basically comes down to what is your product or service, and is there a need or desire for it.
This applies to women too
What a non answer… warren just kept rambling on the same two sentences until he handed it off to his buddy who gives an obviously flippant answer.
It really helps to understand the mindsets and experiences of both Buffett and Munger when they relate actual experiences of their business dealings. The letter writing by Munger to stand up to a larger insurance company was quite impressive. Shows that Munger had a lot of confidence in his position and how to stand up to financially larger companies.
Useless. Buffet tells a couple of stories in a non-answer to the question.
It's not likely that the old boys here would have ever invested in anything blowhard Kevin O'Leary was touting! LOL.
Wells Fargo is a notable failure
Indeed. It got a bailout after hopping on the CountryWide Bank 2nd Mortgage media full-press blitz. After Taxpayers (that's; "not Warren Buffet") bailed out Wells Fargo Bank, Buffet used his 40% share in that Bank to start buying that Bank's foreclosed homes as a private citizen with a _different_ corporation. Berkshire Hathaway Real Estate is now, definitely in the green and even a landlord in some cases. Berkshire Hathaway Media Group (since renamed) forgot to report that.
_"Watch out for Frauds."_ Thanks, successful Warren Buffet.
*Where was **_Madoff's_** Fidelity Bond?*
*Where was **_Lehman Brothers'_** Fidelity Bond?*
*Where was **_Icahn Enterprise's_** Fidelity Bond?*
*Where was **_Salmon Brothers'_** Fidelity Bond?*
*Where was **_AIG's_** Fidelity Bond?*
*Where was **_Deutsche Bank's_** Fidelity Bond?*
*Where was **_Ivan Boesky's_** Fidelity Bond?*
*Where was **_Michale Milen's_** Fidelity Bond?*
*Where was **_Silicon Valley Bank's_** Fidelity Bond?*
*Where was **_Lincoln Savings and Loan's_** Fidelity Bond?*
*Where was **_Satyam's_** Fidelity Bond?*
*Where was **_SAC Capitol's_** Fidelity Bond?*
*Where was **_Wells Fargo's_** Fidelity Bond?*
*Where was **_Long-Term Capitol Management's_** Fidelity Bond?*
*Where was **_Bear Stearns'_** Fidelity Bond?*
*Where was **_Tiger Funds'_** Fidelity Bond?*
*Where was **_Marin Capitol's_** Fidelity Bond?*
*Where was **_Dewan Housing Finance's_** Fidelity Bond?*
*Where was **_Adani Group's_** Fidelity Bond?*
*Where was **_Archegos Capital Management's_** Fidelity Bond?*
*Where was **_Washington Mutual's_** Fidelity Bond?*
*Where was **_Merrill Lynch's_** Fidelity Bond?*
Golden Sachs and their affiliates always makes me suspicious.
No shit. Everyone in that organization is slimy.
Ask ole Warren why he can't keep employees on his railroad... they're quitting faster than than can hire them because he treats his workers like animals..
That's in the RR here too.🇨🇦
Only time l have heard Buffet slandered on Social Media. I assume you have proof of his despicable deeds beyond anecdotal bulls**t. Waiting patiently.
Bs
That's every business my friend
In the whole video, not a single tactic to vet fraud or deception in selecting people or businesses to deal with or trust. Just fond stories they enjoyed telling. The title of this video is fraudulent and deceptive. Ten minutes of my life I'll never get back.
The nuggets are in the comments. Never mind the old foggies.
It takes work to separate the wheat from the chaff.
If all frauds have the same pattern, then what pattern does success have?
winners win, that's the pattern. If you want to pick a winner, pick a winner! And, I do not mean simply pick the winner of the past. You need to pick the winner for the next period of time.
@@u.v.s.5583 you make no sense
@@justinwyatt8 Thank you! Seriously, success has no pattern, that's what makes succeeding on massive scale difficult.
@@u.v.s.5583 if there is a pattern to success, it would be incarnation. Making something real and embodied from a single idea.
I think they’ve talked about this. It’s about the people they’re investing in. Do they know the business and are they passionate about it? Or are they looking for a cash grab and to step away after a payday?
The businesses they invest in, they founders tend to reinvest the capital to scale the business. They know what they’re doing and stick around because they love the business.
I guessing these two would not invest money in some weird kid's offshore imaginary money exchange.
Buffet invests in insurance businesses, and knows a lot about it. Yes, there are frauds in employee dishonesty, loss reserves as he gave examples. As investors, using the board to control the management with governance and oversight is the key. You don't have to know the details, but you should use your power to control them. That is an art.
He says absolutely nothing.
Poorly edited clip. Redundant and lacking depth.
Old man Buffet takes an eon to get to the point.
Intuition is highest form of intelligence..
I learned nothing from that video
The pot calling the kettle black!
Absolutely
Buffet is no angel either !
Of course not 😂😂😂😂😂
Charlie has such great examples.. warren has a lot to say with not much detail.
Painful to listen to
Drivers Insurance; Banking; Automotive; Technology 😂 ALL OF THEM PRACTICE FRAUD ON SOME LEVEL 🤺🇺🇲 LEGALLY
Does anyone know where these talks are given? There are so many videos of him in a very similiar setting with his business partner.
Many year of Berkshire shareholder Annual Metting!
AGM
Berkshire Hathaway annual meeting in Omaha, Nebraska.
I wonder if Warren Buffet ever considers the possibility that he's been blessed? I have known smart, hard-working people, who are poor.
He uses the word "lucky" a lot.
@@soulwailer3394 Oh, I didn't notice that. I thought he used the word, "lucky" once.
I can honestly say I learned absolutely nothing from listening to these two just now.
He tells Charlie munger you tell them Charlie how we do it! That’s was suspicious in itself!
RIP Charlie 👑
Get a good reputed private detective and all of a sudden, you have a leg up:- if you want, get a second opinion, if the conclusions are similar, decide quickly to drop the investment or buy in.
"Behind every great fortune lies a great crime."
Nah. There is plenty of jealousy though.
The two old guys on the balcony on The Muppet Show 0.o
Statler and Waldorf.
They said nothing.
Maybe you heard nothing (there's a difference)
@@vaughngaminghd They talk a lot and go in circles.
I gained nothing of value other than entertainment in the "exposing business frauds and deceptions" from all that was said.
Insurance is a scam, at least how it's setup. That's why these guys love that business.
Elizabeth Holmes really pulled one over on these guys.
still chasing the dollar at their end of life .
It’s the best game…ever
CEOs getting obscene severance pay after they have done irreparable damage is also not right .
This is so FAR away from what the ordinary citizen goes through. It's not even amusing.
We have two old guys who own half of the world, and go on a half-senile rant about business deals they can't even remember clearly...
"The Two Stooges..."😄
Gee, Buffets, thanks for the Captain Obvious lecture. How about explaining how you always sell the majority of your stocks in businesses the day before they tank?
Foxes telling you they're chickens.
This video could have been three minutes long.
Wealthy people obtain wisdom from books. They read many books to learn about history and human nature to predict the future. Don't listen to emotions, but learn to use logic.
Elon Musk destroyed the Green Party with the Tesla. The Duracell battery was "the last straw."
Never trust anyone who says “you can trust me”
This man caused the 2008 mortgage crisis and he’s telling us about others like he’s an innocent guy. Shameful
Shame there is not more exposure of the damage done to the global economies by the manner in which the 2008 debacle was managed. Over valued economies allowed to continue on by suckering the worlds taxpayers into paying for the banking shareholders maintenance of their overvalued assets, via the bailout, and so we continue on just printing money to the extent that taxpayers are willing to go to and not having the necessary correction which will force itself upon the worlds economies eventually unless addressed sooner.
Hahaha, a fraudster telling people how to spot frauds is so rich.
And seriously people, if you don't think he is a fraudster. ALL of his donations just serve to keep him and the people he cares about rich and help them get richer. It's a thing.
One way of determining if someone is right, is if the premise of the argument leads logically to he conclusion. Even before going into the details this video states that according to Buffet there is a common thread to all frauds, but in reality he presents several disparate narratives
@davidfleischer 4407 I thought Buffet was actually saying that there’s a common set of cues he looks for and notices with fraudulent pitch men, versus just a single cue. Also, he obviously can’t state them publicly because it would tip off future fraudsters he may have pitching investment ideas to him. Remember, good fraudster watches and studies their target victim so they would be watching these videos too. So I believe Buffet’s main point is that in addition to there being a set of cues to look for, you MUST take time to learn them from experience and once learned, they’re reliable for helping to judge people’s character.
@@diddy103177 as explained in the other reply, the video from Buffet starts with a title that does not reflect the content of the video. The title says that all fraudsters behave the same way, but your observation is also that fraudsters are adaptable. So in the end the way Mr. Buffet is presented in this video is the fraud
Sounds a lot like Politics ….. except, there, other folk’s money is involved.
Warren could not explain it….
If it applies to businesses, then it
should work on govs. too.
Why does he protect the names of fraudsters?
Have you seen what these serial criminal business people do?
The ones that get away with it time and time again will sue you for defamation in a place that doesn't have an anti SLAPP law, aiming to cost you as much money as possible. All sorts of other bullying tactics that are available to the rich that are not available to the general populace. Not that any of these people would want to go toe to toe with Buffet either, lol.
Good example of this is Logan Paul vs Coffeezilla.
Having less then Buffet means he gets all the golddiggers?
Probably not true yet sure some trends somewhere.😂✌️😎
Right now all frauds are winning a d they will when im done they wouldn't know they did anything. Didn't it was easy to get life im unlucky❤❤
His whole carrier is a fraud and deception. If this guy has never worked a day in his life, he must have profited off the work of others.
I know frauds but haven't seen fraud cube fraud raised to the power of 3❤❤🎉🎉
All you need to know about Buffet is that the majority of his fortune is going to the Gates foundation.
Hey guys, what about the old folks getting bullied into buying Kirby vacuum cleaners?
Too good to be true is for the few that need the many to manage risk.