Evolveus Posted October 24, 2012 Share Posted October 24, 2012 http://moneyinstereo.blogspot.com/2012/10/warren-buffett-on-cnbc.html two things about CNBC - I wish they didn't break the interview into so many parts and secondly, use a format so people can watch on an iPhone (or Apple should buy Adobe). Enjoy Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 24, 2012 Share Posted October 24, 2012 love this quote, classic buffett He said he was also given some hormones, so "occasionally I get some hot flashes. We males call those power surges, actually." Link to comment Share on other sites More sharing options...
Yours Truly Posted October 24, 2012 Share Posted October 24, 2012 Interesting.. "Buffett said he's "salivating" at the prospect of buying some companies after two potential $20 billion acquisitions fell through earlier this year over disagreements on price. Berkshire has $40 billion in cash on hand, but prices are difficult right now, he said, and Berkshire won't get into bidding wars. Warren Buffett on CNBC's "Squawk Box" -------------------------------------------------------------------------------- He's planning to look at the financials of a $6 billion company he's been offered, but he didn't name that potential acquisition. " Link to comment Share on other sites More sharing options...
Evolveus Posted October 24, 2012 Author Share Posted October 24, 2012 If that first link doesn't work then this one does: http://www.valueinvestingworld.com/2012/10/warren-buffett-on-cnbc.html Blogger is giving me fits Link to comment Share on other sites More sharing options...
BargainValueHunter Posted October 25, 2012 Share Posted October 25, 2012 Brooklyn's in the houze!! http://brooklyninvestor.blogspot.com/2012/10/buffett-on-cnbc.html Banks business model has two factors: Return-on-assets (ROA) and assets-to-equity (leverage). Return on assets won't go up. WFC earns 1.4%-1.5% ROA and USB does 1.7%. This won't change. In the past, (some) banks had 20x assets to equity. With an ROA of 1.5%, 20x leverage gives you a ROE of 30%. This won't happen in the future. Banks used to earn 25% return on tangible equity and that's a crazy number. We won't be going back to that. Link to comment Share on other sites More sharing options...
meiroy Posted October 25, 2012 Share Posted October 25, 2012 My take from it: those chairs look awfully uncomfortable! Oh, and, don't shoot me here, him mentioning good farms and good rentals sure sound a lot like Kyle Bass and some others. Did he previously use these two examples? Link to comment Share on other sites More sharing options...
mysticdrew Posted October 25, 2012 Share Posted October 25, 2012 My take from it: those chairs look awfully uncomfortable! Oh, and, don't shoot me here, him mentioning good farms and good rentals sure sound a lot like Kyle Bass and some others. Did he previously use these two examples? Yea Buffett has mentioned these examples before... especially the farm one for years. Link to comment Share on other sites More sharing options...
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