If you’re a Warren Buffett fan, you’ll enjoy this 3-part series by the Charlie Rose show on PBS, free for now via Google Video:
July 10, Monday – Warren Buffett: The Man
July 11, Tuesday – Warren Buffett: The Business
July 12, Wednesday – Warren Buffett: The Gift (not up yet)
From the brief bit I’ve seen, Buffett seems very energetic and interesting to listen to. I’ll definitely watch this later. Thanks to AK for the tip.
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Different subject, but have you taken a look into this card?
link
It’s the first time I have seen a Citi Amex card. Looks to be the same as the other master cards.
I caught most of Tuesday nights show. Really hate that I missed the rest. I was suprised to see how relaxed and full of energy he seemed to be. In the portion that I saw he came across as very humble.
Warren Buffet is a great investor and we can all learn from him in that area, but he has said some really idiotic things in terms of economics.
http://blog.lewrockwell.com/lewrw/archives/010865.html
It is his choice to do what we wants with his money, but I really despise his left wing views on taxation. How about abolishing the income tax along with many others so we can all be wealthier?
I only hope Gates and his wife will use their money to help the poor people of the world institute private property and free enterprise in their native countries since that is primary reason for poverty in the world. More handouts from our tax dollars via foreign aide or billionaire nonprofits is not going to make those people’s lives that much better until the root cause is rectified.
Along those lines, you would think that Buffet would have a strong distaste for our income tax system given his wealth. Then again, I’m sure that he has quite a few highly skilled tax attorneys working for him. Just as he came out for the booking of stock options, I would love for him to come out in favor of the FairTax(HR 25/S 25). I’m not holding my breath.
Thanks for the link Don. I guess some people feel real smart telling a investor-billionaire that he doesn’t understand market economics.
Think about it Joshua. “Capitalism has failed the poor” according to this billionaire.
So all the “poor” people in this country (the US at least and other industrialized countries) who have cell phones, X-Box 360’s, Nintendo Playstations, air conditioning, a new vehicle for $99/month for the rest of their lives, easy credit from the local pawn shop, decent medical care, steak buffet available at the Golden Corral, and many other examples.
So I make no apology for calling Buffet an economic illiterate.
When Buffett talks about capitalism “failing,” he is referring to the exponential increase in the top income levels and the stagnation of those below. In real terms, income below all but the highest percentiles has increased almost entirely due to the rise in two income families. Individual real wages have stayed essentially flat for decades.
The people who can afford those things are, by definition, not poor. Likewise, the people who can afford to finance those things are also not poor (but impatient) since they will inevitably give the bank more than what the bank gives them.
Don, part of what keeps people poor is precisely the fact that they spend whatever little money they get each week on crap they don’t need (i.e. the latest cell phones, SUVs, etc). “Decent” medical care, however, is usually not part of the package. Hence the reason why our country’s emergency rooms are clogged full of people who should be visiting a regular doctor but can’t afford it because they have no insurance.
Jan, part 3 of the show can be found at part 3.