Intelligent Investor Club

Warren Buffett stars from 1 min 40s onwards.

Warren Buffett had a quick interview with CNBC Becky Quick on Monday following Berkshire’s AGM over the weekend.

Some points from the interview include:

• Warren Buffett is optimistic about the U.S. economy over the long term, but has no idea how it will be in the short term. It will ultimately turn; he just don’t know when.
• The time to buy stocks is when business sentiment is bad and nobody is buying.
• The more cheap things become, the more he will buy. He likes to buy when things are cheap. While it is not the most attractive time now (it was in 1974 and 1975), it is among the more attractive now.
• He reads 5 newspapers a day but the future of newspapers companies is very bleak.
• The U.S. will need more tax revenue. Countries which has a huge debt always end up inflating their way out of it.

Complete transcripts of the interview can be downloaded here.

You can watch the clips below:

Warren Buffett was recently interviewed by Charlie Rose on the current financial crisis. In this interview, Warren Buffett shares his views on:

• The bailout by the US government
• His recent purchases in GE and Goldman Sachs
• The recession that we are currently in and how long it will last
• The innovators, the imitators, and the idiots
• The loss of confidence in the credit market and it’s consequences

You want to be greedy when others are fearful.  You want to be fearful when others are greedy.

You can watch the video of the interview below.

The complete text transcript is also available at the CNBC website.

Last week, Warren Buffett had an interview at Omaha with (who else) Becky Quick of CNBC. For the transcript and video, you can visit the following pages:

Warren Buffett Interview Complete Transcripts and Video

Quick Summary of Warren Buffett Interview

There was one portion which made a great impression on me:

BUFFETT: I mean, if you’ve got a great deal in this country, you don’t have to go to Beijing, you know, or the Middle East to find somebody with money to fund it. It’s like when oil prospectors would come up here from Texas and they’d say, `We got a wonderful deal for you in Texas,’ I always thought, there are all these oil men in Texas, you know, why didn’t they call on them?

QUICK: So you think the sovereign wealth funds are getting the raw end of the deal when they buy into some of the financials?

BUFFETT: I think that they are buying what is being sold to them, and in securities you should not buy what’s being sold to you. You should buy what comes from your own analysis and looks the cheapest. The idea that somebody is going to come and call on you and say, you know, `Buy $2 billion worth–this is the best thing to buy in the world,’ it isn’t the best thing to buy in the world.

The best thing to buy in the world is something that you’ve dug out and that people aren’t talking about and that, you know, you find yourself. Securities that are being sold to you have a special push in it. Usually, there’s extra commissions in them or all kinds of things. So I don’t–I don’t want to get ideas from other people, basically. I want to get ideas from a bunch of facts that I uncover someplace.

Moral of this story: Always do your own homework when it comes to investing!

I’m not too sure when these interviews were made, but I really liked the analogy given by Peter Schiff. Have a look.

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 » Becky Quick Interview With Warren Buffett on Squawk on the Street

CNBC’s Becky Quick recently traveled to Omaha, Nebraska to shoot additional material for her one-hour special focusing on Warren Buffett’s whirlwind tour of Asia.

While Becky was there, Warren Buffett gave her a tour of the Berkshire Hathaway offices. He talked about some of the mementos he’s collected and their personal significance to him, and to his investing style. Here are some points from the conversation:

…Continue reading » Warren Buffett’s Video Tour of Berkshire Hathaway Headquarters

Some people paid hundreds of thousands of dollars just to have lunch with Warren Buffett. Becky Quick of CNBC is one lucky lady. Recently, she had the good fortune to accompany Warren Buffett on a week long trip to China and South Korea.

…Continue reading » Becky Quick on Her Road Trip With Warren Buffett

Warren Buffett continues to speak out against the unfair tax treatment for high networth individuals. In an interview with Tom Brokaw on NBC Nightly News Monday night, he calls for higher taxes on very wealthy Americans.

…Continue reading » Warren Buffett Interview With Tom Brokaw

We know that Warren Buffett has been paring his stake in Petrochina. In an interview on Fox Business a few days ago, Warren revealed that Berkshire’s entire stake has been sold. The reason was selling was due to valuation and not over the company’s role in the Darfur. The investment bagged Berkshire a profit of $3.5 billion on an initial investment of $500 million. You can watch the entire 5-min interview here.