Intelligent Investor Club

Snippets of a Warren Buffett interview with the financial post.

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A few days ago, 90 MBA students were at IMD Business School in Lausanne for an interview session by MBA Programme Director Benoît Leleux with his two guests Warren Buffett and Israeli family business ISCAR Chairman Eitan Wertheimer.

You can also watch the 42-minute video of the entire session here:

Warren Buffet in IMD Business School

It’s available online until 19th Jun 2008.

I have also compiled and rephrased some of the questions posed to Warren Buffett and his replies below.

How do you manage all your companies?

I don’t. The key to management is about getting things done by other people. I can’t run those business as I don’t know a thing about them. I have managers I don’t see for three or four years. On the other hand, there’s one I talk to every day. We have no company meetings.

Continue Reading » …Continue reading » Warren Buffett Speaks in Lausanne

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In early April, Warren Buffett invited 150 students from the University of Pennsylvania’s Wharton School to his premise. Fortune Magazine was also invited to sit in with the chance for an interview. The following were covered in the session:

• Why the efficient market theory is misguided.
• Why it is very difficult to regulate people.
• His thoughts about the election.
• His first job.
• How he gets his ideas.
• His advice to you if you are not a professional investor.
• The extreme leveraging in the current turmoil.
• The impossibility of understanding CDOs.

I always say you should get greedy when others are fearful and fearful when others are greedy. But that’s too much to expect. Of course, you shouldn’t get greedy when others get greedy and fearful when others get fearful. At a minimum, try to stay away from that.

Click here to read the entire story.

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With reference to my earlier post on the Warren Buffett by NUS students, I got lucky and managed to find a report of their visit. Here are some key extracts from the students about Warren Buffett:

Continue Reading » …Continue reading » More on Omaha Visit by NUS Students

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A few days ago, Warren Buffett took part in a question-and-answer session with business college students during the “Emerging Issues and Trends in Real Estate” forum and educational conference at the Trulaske College of Business at the University of Missouri.

The session was conducted over a video conference. These are some points from Warren Buffett:

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A few days ago, Warren Buffett had a live appearance and interview session on CNBC Squawk Box with Becky Quick. The session was pretty long and a part of it was for Warren to answer a series of email questions from CNBC’s readers. I’m producing a summary of some points from the interview. Some of these are his replies to questions from the emails:

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Last week, Warren Buffett answered questions for almost 90 minutes during his appearance in Toronto to promote Business Wire’s expansion into Canada.

He covered quite a bit on ground on credit, currency and the economy. Warren Buffett also revealed that he made “several hundred million dollars” owning the Canadian dollar, then sold, and now wishes he had kept his holdings in the Loonie.

Click here to listen to the entire Warren Buffett Question and Answer session.

Transcripts are here (part 1) and here (part 2).

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Warren Buffett mentioned in an interview with CNBC this morning that he has a plan to help the troubled bond insurance situation, but so far it’s not getting a very warm reception.

Warren Buffett had offered to reinsure $800 billion in municipal bonds now insured by Ambac, MBIA and FGIC, effectively giving them a AAA credit rating. Due to problems with subprime mortgages and other loans, those insurers are in danger of losing their AAA credit ratings.

Continue Reading » …Continue reading » Warren Buffett to Bail Out Bond Insurers

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Recently, there have been a spate of sovereign wealth funds buying big stakes in distressed financials. Singapore’s Temasek Holdings and GIC, China’s China Investment Corp, and middle eastern funds flush with oil dollars have all injected cash into Morgan Stanley, Citigroup, UBS and Bear Stearns.

In an interview on CNBC, Warren Buffett mentions that he has been approached by some financial companies about buying a stake too but he has not seen anything that has caused him to be interested. Here’s a short extract from the interview:

Continue Reading » …Continue reading » Sovereign Wealth Fund Investments

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A few days ago, Warren Buffett was in San Francisco doing a fund raising campaign for Hillary Clinton. While he was there, he was interviewed by CNBC’s Becky Quick on Squawk on the Street.

These are some of the points covered during the interview:

Continue Reading » …Continue reading » Becky Quick Interview With Warren Buffett on Squawk on the Street

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