Warren Buffett: 'People want to read new information and have it confirm cherished beliefs'

Warren Buffett and Charlie Munger are asked about their thinking process at the 2002 Berkshire Hathaway annual meeting.
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[@InvestorCenter]

I love listening to Buffett and Munger

[@guyoncedricduifhuizen6142]

The way they spotted the 2008 financial crisis, by complaining about derivatives, is insane.

[@conhoang6110]

can you elaborate it a little more? Thank you.

[@kokichi4298]

@@conhoang6110Do you know what cause the financial crisis in 2008? It's the derivatives MBS + reckless lending from Banking. Google for it and you will have your answer.

[@gdenngiam8711]

Could you post more new clips please

[@brunomatias9124]

Feedback loops. Be willing to reverse course even when it is quite painful.

[@nickway_]

Imho, this is one of the best questions & answers in the history of the annual meetings.

[@aron5377]

Munger's sewage line is hilareous, spot on and a clear example of the gentleman's wit and intelligence

[@mattb917]

Dude really likes saying "feedback mechanism"

[@davidg.2217]

TWO SMARTEST GUYS IN THE 🌎 WORLD ...👍

[@johnfasuton1411]

7:54 pm 10/4/2022

[@guyoncedricduifhuizen6142]

This is amazing

[@PeterPan30000]

yes, crush them sir

[@JamesToler]

🙌🙌🙌

[@ronniedelahoussayechauvin6717]

Sounds Like Major Insider Crimes~Corruption💯