He is the hero of simplicity and common sense. And creating a massive wealth…only to give it away among the underprivileged people makes him one of the greatest knights in history… Berkshire is forever !!!
Berkshire will likely dissolve once he and Munger are gone. There's nothing really tying all the holdings together beyond Buffet and Munger. Just look at how most of the massive conglomerates from the 20th century are either greatly diminished or are breaking up/divesting non-core businesses.
Great video! Taking early inspiration from Warren Buffett on the significance of solid asset diversification and risk management-it cannot be emphasised enough. I've been working on growing my $300K portfolio for some time now and would greatly appreciate any additional suggestions
The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
I am not American but I have huge respect for this honest man, who also is much more optimistic than so many highly negative Americans back in 2011 (now it's even worse). He shows with very good arguments that America still has a lot of resources if only they would activate them, and that things are not as black as some economic forces in America want them to be (because they make money on catastrophic news). And I really want to see the celebrity in Germany, my own country, who would have the honesty, the smart and the gall to tell the government, please, I am a super-rich, I think you should tax much more the people like me and my friends, the top 3% of the population, and leave alone the mass of 99.7%. I had to sell our family property because the German government taxes to death the middle class, inheritance tax, property tax, income tax, and luxury tax accumulated-and that was the beginning of the end not only of Germany but in my view also of the Euro-Zone. America is still a lot smarter than those mechanistic decision makers in the EU! My mother paid 51% tax every year to the German government for 35 years for our little family business with four shops and two apartments rented out! And nobody in America seems to know that and complain that they pay about 20% of taxes in California and even less in Nevada. I can't understand that. America is a very liberal economy. Germany is a killer economy for the middle class and supports only the multinationals and conglomerates. Germany is the black ghost behind the total failure of the Euro Zone which is one of the most infamous collective betrayals in human financial and political history!
08CARIB Exactly what I say. Capital gains is only 15 percent . needs to be 30. Income is higher which is worked for. Capital gains is basically gambling
Some people are missing his point. He's not saying target just the rich 1%. He is asking that the rich should get taxed proportionally to their income, by making revenue via capital gains and dividends the same as revenue via salary / earnings be taxed and that the high earners should get taxed higher as their net income far exceeds their needs compared to a middle class who gets sandwiched on both ends.
@Rattapax It took me awhile to find the correct interview, but you where right on. Cuvato did seem a little belittled by Ace's response and I especially loved it when Ace said "What are they (the super rich) going to do, leave the country". I like it and agree that the issue is to get congress to do something/anything to end this madness. Also, not able to even conceive how a very rich person thinks I have a feeling they've got the answers but just don't have time for ignorance. But.....
Legendary saw US’s fiscal dilemma and suggested higher tax rate for super-rich more than 10 years ago to congress. Today in 2022, congressmen are still debating and inequality is tearing US apart, to an extent that is nearly impossible to repair.
Charlie Rose ..... Would very much like to see you pick up this conversation with Mr. Buffett for his views now compared to those at the time of this interview. My associates (2) and I have been trying to get funding for a very major Ag Project for past 2 years with little success (and it is not because the Project is not worthy of funding; with the new Technologies and complete self-sustainability of it, not to mention expansive Humanitarian aspects of it the Project is more common sense than anything); so how do unknown entrepreneur's that have invested everything they have to this get some face time with people that are wise enough to listen, evaluate, consider and make decisions because most Investor types, VC's and Angels either are not smart enough to evaluate the whole of a Project or know enough to see overall valuation??? Of the 6 major components of this Ag Project everyone is a profit center and each will support itself or another component depending on the commodity markets at any time.
This is one man who wants real equally , and cuts thru all the bulshit. He has made me smarter in my mind and made me realize i can believe it something and stand by it.
Mr. Buffet appears to be a man that understands that, that some of something is better than all of nothing. Which literally means that our country can hardly continue to absorb the effect of our present system of taxation. Which actually allows the rich to pay less tax than the middle class. The real problem with this kind of system is that does not take into account the fact, that almost 90 percent of the wealth is owned by 1 percent of the wealth. So no matter how much you tax that 1 percent, it want create enough money to pay the country's bills to maintain the amenities to which we've become accustomed. So in actuality something has to change.
He has been lucky most of his life. Why he is such a hero is because he admits he is a really lucky guy. He is humble enough to speak the truth. how many people whether rich or poor actually do that?
@Uhmu45 Are you sure? Where? Could you please provide me with the link. I checked iTunes and found nothing about the show, just a couple items under audiobooks. If there is a Free podcast for the show, please let me know where I can find it. :-)
I agree that this guy is one of a kind. A humanitarian to the nth degree. If you read his autobiography you will learn that he is honest, has integrity and most of all has a human heart. Not like most of those Wall Street cold hearted bastards out there.
dividend is disbursed after corporate tax deduction. therefore, there is double tax on dividend (corporate + personal income tax) and not only personal income tax - what buffet is saying is wrong as dividend is disbursed to shareholders (who already have paid corporate tax on profit before getting dividend)
I love that everyone goes to see Warren in Omaha and not vice versa. What a badass. I'd love to listen in on all the calls he gets for interviews: "Go where? No no, fuck you, you come to me."
Also, with investments, unless you buy the IPO you're not actually giving your money to the corporation. You are simply buying shares/rights of that business from a private person selling it. So the vast majority of "stock buying" isn't giving any money to corporations, it is merely trading among individuals, to affect of the business at hand.
Outstanding video. Complete. I understood it but I have never be able to put the tax problem in the correct words or scenario for anyone else to understand. HO-RAW! Simplify, etc. Thanks Mr. Warren, is any other billionaire listening?
This is one man who wants real equally , and cuts thru all the bulshit. He has made me smarter in my mind and made me realize i can believe it something and stand by it. And to answer everybody question about president, he wouldn't run because he's not built on lies, and deceiving people, he is a monument we all can look up to.
Was that a mistake ? Or a long waited change from the 3-4 minutes clips of the show we used to see in Charlie's RU-vid channel! I hope the next shows would be uploaded here in their full version as well. Finally, for God's sake! when are you going to make a podcast for the show?
read all his books in high school however for a guy who has never tried drugs he certainly gets his highs from talking about money! 30:00-37:00 certainly sums it up when he breaks into these narcisitic laughs about numbers. love warren and love what he stands for. always been a great hero of mine.
Try to view people like this in a particular way. You may admire them, you may agree with their ideology and actions, but those feelings are meaningless both for yourself and them. Show your admiration and inspiration with actions that are in alignment with those you admire. If those people had a wish for a particular legacy, it would be that - not being simply "liked". Out of all things that I wish to "copy" from Warren Buffet - it's his light-hearted, humorous attitude. The rest is down to me.
@TheEvolver311 I already know that, I even have Charlie's website in my favorites. What I was looking for is his full show here on RU-vid. I spend more time here and here you get the subscription notification on your main page. That's the reason it's better here.
@goldsilverandiamonds BoA would have failed indeed, but GS would have survived. Warren Buffett is first and foremost a business man, a great investors and a man who understands high finance and can read complex financial statements. He knows a good deal when he sees and this is why he has been so successful over the year. He has donated billions to good causes.
Then don't give the government more money, give it the same amount or less. But raise rates on large powerful organizations and individuals who become increasingly better at pushing costs away from themselves proportional to the size, power, and wealth they achieve (which others are later forced to pay for). As he says, the majority of the burden is borne by the middle class. Size and power creates disproportionately larger negative externalities than an individual member of the middle class.
I like Buffet, but he sometimes ignores the obvious. He got rich because he got an education, specifically a financial one, sought opportunities, invested, became informed, etc- the very same things most people in this country don't care to do. He did not get rich by getting a lower tax rate. Moreover,people can't get angry at Congress for not working. It did not vote itself in power, the 'People' did.
the ten dislikes were either republicans, make over a million dollars a year, or both.. Wait I forgot uneducated.. look right below at "jtsct's" comment for my reasoning. Buffet is an amazing man and mentor, and even though he is one of the richest men in the world he cares about the rest of us who don't have millions trying to give people a chance. Really no one can/should hate on him.
that top 400+ earners aren't the same people every year. if you scrape, claw and scratch to build a small company in which you own shares, then want to sell it, you're ownership is in capital gains. so that one time payout, this guy thinks you should be taxed even more on.
No matter what your opinion, Buffet brings up some valid points in terms of taxation. He's one of the richest men in the world and he's paying less in taxes than Michael Jordan. Something is wrong with that math. There are blatant loop holes and the Bush era tax cuts have been the culprit. Its one of the easiest ways for the super wealthy to avoid paying. Capital Gains taxes (the taxes you pay off the sale of stocks) are the lowest they've ever been in 60 years.
Ive heard of Williams Buffets a very successful entrepreneur and mogul in America but I’ve never had the chance abut meeting him up in person btw i do admire him alot and i embark a great 👍 dealing of respect ✊ for him as a person he’s a very good 1 particularly the economical field of construction as far as i know he is into that and seemingly very high IQ possession etc
You don't understand the concept of investing very well, do you. He gives money to those who need it (usually very large businesses), and in return he takes a portion of their profits. With his charity he is now giving the vast majority of his wealth to it, over time. So in effect, he is taking money from corporations and giving it to charity.
