Thanks very very much for posting this… there is a 3rd appearance on Adam Smith’s Moneyworld that came out in 1990 I believe. If anyone has this … would love to see it.
I am very grateful to Warren Buffett as I not only learnt investing philosophy from him but also very valuable life lessons. I totally agree with him that the markets are not efficient so long as people behave irrationally due to fear and greed. Warren and I will benefit from this irrationality.
This video appears to be circa May or June 1988. BRKA trading at $3,900. From 1987 annual letter (released in spring of 1988): "As they say in poker, 'If you've been in the game 30 minutes and you don't know who the patsy is, you're the patsy.'"
18:55 I just find this curious as this video was from the late 80’s. Both Microsoft and Apple which are currently the worlds 2 largest companies with over a 2 trillion market cap had just IPO’d earlier that decade. If he had put 100,000 into each of them at that time that’d be worth 130,000,000 today for a 65,000% return on investment, over 8 times the return from his investment in Coca Cola he made at this time. Granted no one knows 35 years later the companies sitting right in front of you today that will change the world forever, just interesting to think about.
I think you've made your own point--since we didn't know then and we still don't know, Buffett has had a probabilistic advantage by sticking to businesses with slower moving economics
Yeah I mean if he’d known he’d be rich, but he didn’t know and I don’t know if anyone really knew back then. In the stock market today there are probably tens of companies that grow and give really big gains to investors but no one really knows which ones
25:42 - the best thing those analysts taunting Buffett to keep his results consistently should´ve done that day, is close their funds and invest 100% of their money with him. Their money and their client´s money.
Given they state at the time Berkshire Hathaway was trading for 3,900 a share and it’s never split you can trace this right back to the summer of 1988, Buffett would have been 58 years old.
- Buffett believes in the importance of understanding a business before investing (6:59) - He warns against the potential dangers of stock index futures and the importance of being prepared for market volatility (13:00)
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These old videos are amazing. Thank you for uploading it.
“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” -WB
I thought I've seen everything Buffett but here we go
This is gold - thank you very much for posting
Loved this show when I was a kid.
Thanks very very much for posting this… there is a 3rd appearance on Adam Smith’s Moneyworld that came out in 1990 I believe. If anyone has this … would love to see it.
It's so amazing to here that last sentence in this video.
Fantastic! Thanks for uploading.
When Warren was 30 years old, Edward Thorp said that Warren would probably become the richest man in the world.
Source?
Trust me bro@@scarfacecapital.
Thank you for this video! I really enjoyed watching it. WB is a National treasure.
That was great! Thank you!
Thanks for sharing the video !
Great. Thanks.
Thank you for uploading this video! When was it originally aired?
I am very grateful to Warren Buffett as I not only learnt investing philosophy from him but also very valuable life lessons. I totally agree with him that the markets are not efficient so long as people behave irrationally due to fear and greed. Warren and I will benefit from this irrationality.
This video appears to be circa May or June 1988. BRKA trading at $3,900.
From 1987 annual letter (released in spring of 1988): "As they say in poker, 'If you've been in the game 30 minutes and you don't know who the
patsy is, you're the patsy.'"
Excellent!! 👌
If you hold the left arrow key for a few seconds, you can replicate the beginning of the VHS tape this was undoubtedly recorded on.
Amazing
great
That Solomon Brothers Stock seems like a real catch 😏
This Episode Aged really well..
thank you for the video
title says "Warren Buffett Second "Adam Smith's Money World" Interview"
where is the first one? anyone?
good
👌🙏
25:33👌👌
18:55 I just find this curious as this video was from the late 80’s. Both Microsoft and Apple which are currently the worlds 2 largest companies with over a 2 trillion market cap had just IPO’d earlier that decade. If he had put 100,000 into each of them at that time that’d be worth 130,000,000 today for a 65,000% return on investment, over 8 times the return from his investment in Coca Cola he made at this time. Granted no one knows 35 years later the companies sitting right in front of you today that will change the world forever, just interesting to think about.
I think you've made your own point--since we didn't know then and we still don't know, Buffett has had a probabilistic advantage by sticking to businesses with slower moving economics
Yeah I mean if he’d known he’d be rich, but he didn’t know and I don’t know if anyone really knew back then. In the stock market today there are probably tens of companies that grow and give really big gains to investors but no one really knows which ones
Tons of hindsight bias in your analysis. Plus Warren buffett doesn’t spray and pray his investments. And tech was outside his circle of competence.
I think Adam Smith wrote about Warren in one of his books, decades ago.
Supermoney, pub 1972, p177 (Of the Michael Joseph, hardback British edition).
25:42 - the best thing those analysts taunting Buffett to keep his results consistently should´ve done that day, is close their funds and invest 100% of their money with him. Their money and their client´s money.
привет с Алёнки ;)
How old was Warren when this interview was done
Given they state at the time Berkshire Hathaway was trading for 3,900 a share and it’s never split you can trace this right back to the summer of 1988, Buffett would have been 58 years old.
He is almost like the Ms B of investing!
5:10 then they aren’t so learned😂😂😂
10:00 welll 😅
Monstro.
- Buffett believes in the importance of understanding a business before investing (6:59)
- He warns against the potential dangers of stock index futures and the importance of being prepared for market volatility (13:00)