Warren Buffett and Charlie Munger describe how they analyze financial statements at the Berkshire Hathaway Annual …
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Warren Buffett and Charlie Munger describe how they analyze financial statements at the Berkshire Hathaway Annual …
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His answer that you can't really tell means he's violated his circle of competence rule when it comes to financial institutions for his entire life.
Financial statements tell stories. These legends just know how to read between the lines.
That was Bill Ackman? Was it a different Bill Ackman or the Bill Ackman of Pershing Square fame?
so if the financial institutions with good ratings make a mistake, the officers should have to shovel dirt out of a river
Rare L answer from Buffett, feels like he’s punting a bit. In my cynical view, these financial companies get away with pure fraud.
I can’t listen to Charlie without both profound laughing and laughter
🤩
Bill Ackman should just have put all the money into BRK.
This was in 2003.
This Bill Ackman guy asked a pretty good question, he should be an investor or something
When great minds discuss financial statements, you listen. Ackman is pretty good student of these two.
Buffet tap danced around the question! Financials are full of crooks because it’s based on speculation!
Thks warren dont blame me. If i become wealthy❤❤🎉🎉
Bill married Devil , so himself became a Devil . How easy people sale their soul( kill themselves ) over 🐱.
Yea, how can anyone invest with confidence in AAA companies when the ratings are often rigged? Rigged by companies like Moody's of which Berkshire owns a 13.5% share.
In the end bill just say f it, MBIA i'm shorting you!
Misleading title
1:50
Well it's more relevant now after what happened to svb.
So what you're saying is, accountants suck at their job?
I assume this is before Bill Ackman has become famous
I just bought more of these a few minutes ago. Tying up money due to an apocalyptic stock market crash is also not a smart move. Life is a risk and it's better to take risks than to do nothing, you can't always expect to make huge profits all the time, people have so many opinions about a recession/depression. In just 5 months my portfolio grew by $300,000 in gross profit, the main thing is to expand your portfolio and you will see amazing results by investing
It's really funny hwo Ackman is asking those 2 the questions. The faces of Warren and Charlie look a bit more stern as usual..
Which am is this?
The video title has nothing to do with the content
🔺
Bill ackman is the biggest manipulator and dishonest manager!
Well he got MBIA right, so why was he asking? He knew the answer lol.
When was this interview from?
Was this from 2008 cuz this sounds like 2008…
What year is this from?
Which year’s meeting was this?
"If we don't work with them they'll go to our competitors"
So it's all BS!?!
i tried reading Wells Fargo FS – I gave up. It's so complicated.
What year?
When was this?
Great channel!! Well done
You are best at providing insightful content! Thank you for your exceptional work.
Complexity, by its nature, provides more opportunities to be fraudulent.
Even more for financial institutions.
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what ratios should we use while analizing then?
Charlie summed it very well
The irony of ackman talking about ethics. See what he did to PSTH, his spac.
What year was this ?
What year was this annual meeting? It's not in the video description.
Admiro su naturalidad de diálogo, un hombre con potencia física 💌
Howard Marks points out some red flags of being at the top of a bull market (and I added in what is happening currently that correlates with it)
Lots of credit liquidity
Very low interest rates
A new financial instrument that is difficult to quantify and has no history = bitcoin (last time it was mortgage backed securities)
New offerings get ridiculous valuations – AirBnb – Doordash
Very high valuations – low returns (and high risk)
That is what I can recall off the top of my head