Money and Finance
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Video:
- Warren Buffett, Charlie Munger, And Bill Gates On Cnbc
First, the videos from the final hour of the show when all 3 were together: No hurry for energy independence: Munger Hydrocarbons just as precious as Iowa top soil: Munger Buffett: Better option than increasing minimum wage Gates, Munger & Buffett:...
- Warren Buffett, Charlie Munger, And Bill Gates On Cnbc
Links to videos: 10-year not part of my strategy: Buffett Buffett: Generally fighters not invited on boards I don't want to embarrass Coca-Cola: Buffett We will never do a hostile deal: Buffett Buffett: Mary Barra is made for the job Buffett on BofA...
- From Tiananmen Square To Possible Buffett Successor
Twenty-one years ago, Li Lu was a student leader of the Tiananmen Square protests. Now a hedge-fund manager, he is in line to become a successor to Warren Buffett at Berkshire Hathaway Inc. Mr. Li, 44 years old, has emerged as a leading candidate to run...
- Berkshire, Buffett, And Munger Links
Before I leave for the Berkshire Hathaway Annual Meeting tomorrow, I thought I’d post some of the more popular and/or recent Warren Buffett and Charlie Munger links. Warren Buffett Videos from CNBC (March 2010) Berkshire Hathaway Speaks Out About Kraft's...
- Berkshire's No. 2 Man Helps From The Background
Buffett's No. 2 man Charlie Munger plays his role at Berkshire mostly in private The two men who run Berkshire Hathaway Inc. have an arrangement: Warren Buffett is the face of the company and Charlie Munger stays mainly in the shadows. That works...
Money and Finance
Buffett likens debt fight to 'nuclear bombs'
Thanks to Will and George for passing this along.
Warren Buffett likens the impasse in Washington to nuclear war. Out of this crisis, Americans should learn a great lesson, he says.
FORTUNE -- Fighting about the debt ceiling "ought to be banned as a weapon," says Warren Buffett. "It should be like nuclear bombs: too horrible to use."
"It's deeply immoral," adds Charlie Munger, vice chairman of Berkshire Hathaway (BRKA), where Buffett is chairman and CEO. Munger calls the recent U.S. government shutdown "deeply irresponsible" and says, "I think if my Republican friends keep doing this, they're going to pay a terrible price."
While the legendary investing partners have agreed on stock-picking principles for 54 years, they've never been extremely in sync on politics -- Buffett has supported Democrats, while Munger is a Republican. But when I interviewed them Thursday evening, they agreed on the inanity of the current showdown in Washington. And they noted lessons from five years ago, when Congress united to pass the historic bailout bill and stabilize the economy.
"Go back and behave like that," Munger, 89, advises Congress.
Buffett, 83, agrees, hoping that Democrats and Republicans recall the value of cooperating in 2008 -- and learn from the current crisis. "Some good may come out of this," Buffett says. "This may be like after we dropped a couple of atomic bombs. We saw that we didn't want to do it again."
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Video:
- Warren Buffett, Charlie Munger, And Bill Gates On Cnbc
First, the videos from the final hour of the show when all 3 were together: No hurry for energy independence: Munger Hydrocarbons just as precious as Iowa top soil: Munger Buffett: Better option than increasing minimum wage Gates, Munger & Buffett:...
- Warren Buffett, Charlie Munger, And Bill Gates On Cnbc
Links to videos: 10-year not part of my strategy: Buffett Buffett: Generally fighters not invited on boards I don't want to embarrass Coca-Cola: Buffett We will never do a hostile deal: Buffett Buffett: Mary Barra is made for the job Buffett on BofA...
- From Tiananmen Square To Possible Buffett Successor
Twenty-one years ago, Li Lu was a student leader of the Tiananmen Square protests. Now a hedge-fund manager, he is in line to become a successor to Warren Buffett at Berkshire Hathaway Inc. Mr. Li, 44 years old, has emerged as a leading candidate to run...
- Berkshire, Buffett, And Munger Links
Before I leave for the Berkshire Hathaway Annual Meeting tomorrow, I thought I’d post some of the more popular and/or recent Warren Buffett and Charlie Munger links. Warren Buffett Videos from CNBC (March 2010) Berkshire Hathaway Speaks Out About Kraft's...
- Berkshire's No. 2 Man Helps From The Background
Buffett's No. 2 man Charlie Munger plays his role at Berkshire mostly in private The two men who run Berkshire Hathaway Inc. have an arrangement: Warren Buffett is the face of the company and Charlie Munger stays mainly in the shadows. That works...