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October 02, 2008
Warrent Buffett on Charlie Rose
Warren Buffett was on Charlie Rose for the whole hour last night (and broadcast at 9pm rather than the usual 11pm at least on WGBH) and is really worth watching. I think he avoided saying a large number of negative things about Wall Street thinking this is just not the time for that but trust that what he did say was honest. His comments on Paulson made me more confident in this package being effectively administered and his comparisons ('economic Pearl Harbor' and 'patient with a heart attack') were new to me and seemed quite effective metaphors. Anyway, I recommend watching the whole thing.
It is also really worth reading this excerpt on derivatives from the 2002 Berkshire annual report. This is the report from which the phrase 'financial weapons of mass destruction' comes from but it is really worth reading the whole thing (only 2 pages).
Posted by aarondf at October 2, 2008 01:37 PM
Comments
I haven't watched this yet, but it's unfortunate that he took a big position in Goldman Sachs. It makes it hard to view him as objective (since he now benefits so significantly from the bailout).
Posted by: David desJardins ![[TypeKey Profile Page]](http://scv.bu.edu/~aarondf/hearth/nav-commenters.gif)
at October 5, 2008 03:47 AM
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