- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- Warren Buffett: Economy Needs Another Dose of Viagra
- Canada's Salida Capital Revealed As Winning $1.68M Bidder for Warren Buffett Lunch
- Warren Buffett Lunch Winner: I Won't Profit From Stock Tip Windfall
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- After Warren Buffett 'Promoted' to Mattress Salesman, Nervous Nellie Sales 'Pretty Good'
- Warren Buffett Down, S&P Up, As First Half Buzzer Sounds
- Warren Buffett Wearing "Belt and Suspenders" As Tide Went Out - KBW Analyst
- Warren Buffett Charity Lunch Brings In Almost $1.7 Million From Anonymous Bidder
RSS FEED
|
CNBC'S MOST SHARED
- Investing in Tech Now
- Apartment Vacancy Rate Hits 22-Year High
- What You'll See On My NASCAR Documentary Tonight
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- Warren Buffett: Economy Needs Another Dose of Viagra
- Software Giants Rush to Cash In on Carbon-Trading
- Citigroup Replaces CFO, Shakes Up Top Management
- New Jobless Claims Plunge; Continuing Claims Hit Record
- Cramer?s Outrage
- Mortgage Rates Slide to Six-Week Low
- Warren Buffett Tells CNBC Consumer Sales Remain "Very, Very Soft"
- July 10th in Market History
- Microsoft Plays a Game of Bing Pong
- Options Smell 'Blood' on Infosys
- Christmas in July: Consumers To Out-Scrooge Scrooge
- GM's Second Chance
- Art Cashin: Traders Weigh Obama Policy Changes
- Warren Buffett: Economy Needs Another Dose of Viagra
- Commercial Real Estate: 'Ticking Time Bomb'
- Chevron Says Q2 Hit by US Refining, Weak Dollar
- Stimulus Critics Put Obama, Democrats on Defensive
- Warren Buffett: Consumer Sales Remain 'Very, Very Soft'
- Don’t Get Burned By Hot Emerging Markets
- Busch: Chinese Bank Announces Bombshell
- Lenny Dykstra: 'Bank Fraud' Led to Bankruptcy
- Cramer: What to Expect This Earnings Season
- Christmas in July: Consumers to Out-Scrooge Scrooge
- Software Giants Rush to Cash In on Carbon-Trading
Text Size 
 |
Fortune's Nicholas Varchaver sat in recently as Buffett hosted 150 business students from the University of Pennsylvania's Wharton School for a Q&A session, chicken parmigiana at Piccolo Pete's, his favorite restaurant, and individual pictures with the Oracle. (He does this sort of thing about once a month.) Varchaver also got his own one-on-one interview with Buffett.
Fortune's web site features excerpts of the day's sessions.
Among the highlights from Buffett's comments:
- "It's very, very hard to regulate when you get into very complex instruments where you've got hundreds of counterparties. The counterparty behavior and risk was a big part of why the Treasury and the Fed felt that they had to move in over a weekend at Bear Stearns. And I think they were right to do it, incidentally."
- "It seems everybody says it'll (the economic slowdown) be short and shallow, but it looks like it's just the opposite. You know, deleveraging by its nature takes a lot of time, a lot of pain. And the consequences kind of roll through in different ways."
- "The markets have not gotten more rational over the years, They've become more followed. But when people panic, when fear takes over, or when greed takes over, people react just as irrationally as they have in the past."
- Along with being a "political bigamist" by supporting both Hillary Clinton and Barack Obama for President, "I feel that if a Republican wins, John McCain would be the one I would prefer. I think we've got three unusually good candidates this time."
- "If you gave me the choice of being CEO of General Electric or IBM or General Motors, you name it, or delivering papers, I would deliver papers. I would. I enjoyed doing that. I can think about what I want to think. I don't have to do anything I don't want to do."
Current Berkshire price: [US;BRK.A
Loading...
()
]
See Warren Buffett Watch on CNBC's The Call, most weekday mornings at 11:50a ET
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes