Warren Buffett: Mistakes Made At GE | CNBC

Warren Buffett, Berkshire Hathaway chairman and CEO, talks about his 2017 annual letter to shareholders where the Oracle of Omaha explained his buying criteria for deals.
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Warren Buffett: Mistakes Made At GE | CNBC

[@amirjon]

For the love of god, fire Joe. Hire a professional to talk to Buffett. Becky is fantastic, she doesn't need this clown.

[@BucketheadLS1]

Joe is so terrible. Get him off these discussions with Buffett. WAY too much interrupting and he's totally unprepared. Becky should do all the questions. She's fantastic.

[@BS-qu5wy]

i was gonna say the same thing here. well said

[@xs6819]

I disagree. I believe he was trying to ask legitimate questions

[@prof.m.ottozeeejcdecs9998]

I agree! Joe whatever is always unprepared (a bit like TRUMPf). He should take his hat, and that soon! CNBC has turned out to be working in the interest of BIG OIL, BIG MONEY and corrupt government. They totally have lost touch with reality, i.e. FACTS. Where is the uproar about GE losing over 180 Billion $ in 24+ months, vs the ongoing uproar about TESLA about peanuts!

[@cambengert]

The real Ron Burgundy

[@videofuel]

Everytime I watch this show, I wonder why they keep the fat dumb guy, unprepared, improvising when they have Becky with beauty and brains. Does anybody knows if he owns part of the show or something?

[@npatibandla]

I am surprised Joe has lasted this long. I remember even Bill Gates once saying what is this guy asking.

[@ipamaj1gt]

Nagi Patibandla I want to see that got video name?

[@Cxs1a3]

He politics well behind the scenes with the higher ups, clearly

[@LexBlazer]

John managed to be a total annoyance. AGAIN! Let's just say he's not allowed to talk to Buffett anymore.

[@ryanhammer7353]

Lex Blazer *Joe

[@sycosindrum]

Lex Blazer you can tell he's annoyed at every question

[@duezeri1968]

Stop watching due to his muttering.

[@snoomtreb]

I agree, he always sounds incoherent. The lady (forgot her name) is always on the mark en very professional. John is cracking jokes or off the ball, or just seems plain bored? I'm not watching CNBC for that...

[@4business624]

You state what I was going to type (more or less). I don't know who the guy is, or the show, I am watching to listen to what Warren Buffett had to say, now she is great, calm, on point, lets Warren answer the question but not drift too much. The guy is a buffoon, a turn off.

[@villagecarpenter2266]

Joe's dad must own cnbc...who else would keep him employed? He did nothing but interrupt!

[@kyle6415]

That or he has pictures of someone.

[@jdelsolar15]

Does Joe have to be on air? Becky can more than handle interviews with Buffett herself.

[@goukwapanzy]

Joe seems a bit incoherent, maybe he has some health issues? He cannot seems to focus on a single thought.

[@mipmip5759]

could be a presidential candidate

[@jayc4715]

Hes on the dope again

[@universalchiro]

John interrupted Warren Buffet several times. That is poor interviewing technique. Timing is everything. He should learn to let Warren speak.

[@claytonroot806]

Joe is so full of himself that he can't resist constantly interjecting. How he stays on the air is beyond me. He must have some DIRT on upper management at NBC.

[@j.i.s.l178]

🙄🤔😶 Before you walk you must to learn balance... Look the title... The expérience talk Learn about it... The young go fast but the old know the way.... 🍿

[@hankrearden7215]

Why do they let this guy interview Buffett?

[@cmhardin37]

I can't even watch because of Joe

[@scottisitt]

The look on Becky’s face every time Joe talks. 😆

[@rowenarrow]

Seriously, Joe is freaking annoying and adds nothing to the interview. He is like that guy who went to the same high school as you and acts like you were best friends with him though you barely know the guy. I really dislike when he speaks.

[@deathlarsen7502]

hahahaa funny analogy! there is always that one guy!!!

[@johna3532]

Joe doesn't bring in anything of value in any of these conversations with Warren Buffet and sounds lost when he does try. Maybe it's the response time lag but he brings the quality of the interview down significantly and wastes a lot of time.

[@svk4543]

JOE BRINGS HUMOR MOST OF THE TIME

[@tylerwolf302]

Whats Joe been smoking

[@gonzalezalonso]

Please please do not allow Joe Moron on TV anymore.

[@fahad-m62]

Joe seems like he gets hammered right before he gets on air lmao. GET HIM OFF.

[@Cam._S]

That dude in the middle needs to shut up

[@alumsey4013]

Insane how much these two talk over each other…

[@mtadams2009]

I prefer Becky doing the interviews alone. Beauty and brains, you cant beat that.

[@Ale-hy6hn]

Mr. Buffett is so humble on his words. Despite he is a brilliant business man and investor, accepts when he thinks can not understand a business.

[@adamcracroft3587]

Joe must be the worst presenter if the history of tv. Can't even deliver a normal sentence... please no more!

[@roadrailn]

that Joe guys gots to go. Interviews like that are going to annoyingly push Buffett to retire and not want to share his knowledge to the world anymore. Come on CNBC you're better then this, Ax him.

[@marc-antoinedube2749]

Joe just keeps cutting M. Buffet. Extremely annoying.

[@mariusmike1]

god i hate joe...cannot stand him for 5 seconds...had to fast forward

[@jasonlopez8055]

I really hope they pay Becky more in terms of $$$ than they do joe

[@Aschmedai]

GE is gonna go under.

[@harsh99vardhan]

Has Joe been fired yet??

[@jackhunter4556]

That interviewer is a total weapon. Why is he employed 😂

[@epeon7]

About 2005 I worked at GE as an engineering contractor. At that time, GE was outsourcing its engineering to India. This was a complete disaster and they hired a bunch of old engineers like me to re-work the engineering from India. At the time I asked my manager why bother to go to India? You might as well give it to us old timers and cut out the middleman. The manager looked at me and said, “God has said that outsourcing is good. No one contradicts God. Besides, you guys are charged to the contract and no one cares as long as you are not charged to overhead.” So, we kept working. What I found at GE was that there were a ton of these Sigma 7 engineers that looked good, dressed right. Our manager was typical, she had spent several years in compliance and HR. She was sigma 7 certified. But, she had never gotten her feet wet. Frankly, she had little real world experience. And that was the problem with GE. There weren’t people there who had gotten their feet dirty walking an oil field or a factory. The guys who really knew what was going on were either old or retired.

[@canefan17]

This is happening at a lot of companies as baby boomers slide into retirement.

[@jackhunter4556]

Who is meant by God?

[@arshdeep691]

​@@jackhunter4556executives

[@InOrlando]

Joe was so trolling Buffet lol

[@cybertrk]

Anardo Cuello he does that with every guest... he has no idea what’s going on, he spends 0 minutes preparing for interviews. Has a picture in his head and just wants to talk, he’s not there to ask questions nor listen. He’s not an interview nor s journalist

[@jasonlopez8055]

God this guy joe is annoying as **** Would have really loved for Buffett to elaborate on the mistakes Berkshire has made too in regards to insurance. Joe really needs to control his demeanor and let other participants have their FULL say on a matter before he goes on interrupting them..... it’s VERY unprofessional

[@thegoodhood]

The Oracle of Omaha, look where GE is now and the accounting scandal from august 2019

[@The_General_Zubas]

ALL HAIL HIS PRUDENCE!

[@pdgutierrez8784]

sure buffett did not purchase stock out right. he sold. he got to buy warrents at 10% discount. did you get a deal like that?

[@pierremeunier4755]

Hey KZbin, since CNBC is not willing to do the job, would you please add a "Skip Stupid" button? Thank you in advance

[@christopher399]

Hah, Becky should've done this interview on her own. She seems great.

[@NobleAbsinthe]

Hey there looks like we share same interests in videos... Albeit 7 months late

[@nss490]

Fire joe!

[@NomadicAstro]

How do they let John on air?! This man is an insult to the intellect of viewers of this show.

[@rein200]

Interesting to hear Warren Buffett, considering the latest developments, specifically the long term care comments....

[@johnpossum556]

When even Warren Buffet will not buy any stock at this low level clearly says GE should be investigated for wrongdoings.

[@phdtobe]

John Possum the executives responsible for that deceptive accounting should go to prison.

[@superstreet56]

Buffett was clearly trying to protect GE.

[@victormonreale9217]

jack welch is he friend , jack welch was a moron

[@andrewliffey]

to be honest, this is a perfect example of a woman doing a job FAR better than a man, Joe is completely incoherent and should never have been allowed to talk to Mr Buffett​

[@craigsmith8811]

Men are better at most things but I agree in this circumstance the woman is far better at interviewing than joe

[@wildreams]

Mistakes made at GE: Too many.

[@royjones59344]

Another interview that devolves into the Joe Kernan show.

[@SM-ol9nb]

Tell that nobody to shut up and let Warren Buffett talk

[@zod6594]

JUCK FOE

[@jonathanrowley5100]

Get John off the show for the love of God. Doesn't add enough and takes too much away from the show. Just obnoxious.

[@HelpSociety49]

John Rowley get yourself off the show?

[@CmpdKnwl]

Someone edit Joe out.

[@ib6405]

Their healthcare segment would be looking very good in a the coming years :P

[@steve410]

Warren buffet is a str8 G my mans knows the dealy

[@jamesnagle380]

The Justice Department should be looking at Jeff Immelt

[@user-pc7ef5sb6x]

Everyone talking about the stock price; but no one is talking about whether or not GE as a company is valuable in the long term.

[@masterjbrown]

On sale at $14? Lol. Now it's $7.

[@chloelien7556]

Joe .. ask the right questions

[@youngz13o]

Jesus christ. Imagine there were two Joes on this interview. There would just be incoherent yelling

[@phamman88]

Beck is hot

[@cupwithhandles]

from about 03:13 to 03:33 Joe mysteriously mumbled and said nothing until the co-host finally started talking.

[@ianpearson8976]

why do these people at cnbc keep interupting people.They have someone on with the knowledge of buffett and they wont let him speak.we arent interested in listening to reporters.

[@eljesus788]

Joe is the side kick. Creates tangents, saves the host when they miss a step.

[@alexpaumen3937]

How are you going to order your ET44C4 GEVOs now? Maybe you should bring back the Dash 8s and GP60Ms.

[@macoyjackson7844]

Becky with the good hair showing a man how to do his job.

[@drdecker1]

I am not sure whether GE is involved in parts of the insurance industry, but if they are and this is one of the reasons for the decline. One of the things that is always risky is the fact of it's future foresight. Who really knows what will come out in it projections. Because as a lot of people have been watching. When huge payouts are not forecasted. It can throw a lot of the industry into turmoil. Causing these huge declines. This may not be the case here, but if it is then someone needs to take a real close look at the way they take on clients. Investors should also know when you watch lines up and down or completely down. It's identical to watching an individual having a heart attack, and the doctors are trying to stabilize the patient. It has to be done by the experts to be successful.

[@ozzysgarage]

Absolutely amazed Joe is still employed......

[@dougkaddish3343]

Bad Teeth: Bad Hair: welcome to CNBC Joe

[@bananarepublic1339]

John is fun to watch

[@neilwalsh3977]

Pumping out oil and weapons is not helping America. The country is in a helluva mess

[@MCorpReview]

They need a turnaround artist like Lou gerstner or Scott mcnerney. Maybe split it up due to limited synergies

[@aerohk]

I thought GE is undervalued and went big, gosh it keeps dropping like rock. I might need to pull out.

[@27bykarthi]

*Jhon says Mr.Buffett this is my show*

[@lilrosebush]

Funny how this is in my recommendations

[@GaryLiangBUS9551]

dude needs to learn to keep his mouth shut when Warren Buffet is talking. for that matter, just keep his mouth shut, period.

[@donkalzone6671]

Who is here after Markopolos?

[@lti134]

Warren should be the temp CEO of GE,great your hired”

[@mazenalotaibi1612]

Are you here after Harry markopolos report on GE 😂

[@bunnyking8096]

typical CNBC bullying an old man

[@JohnDoe-yb7ps]

Idk what you guys are talking about Joe makes the show I was dying the whole time 😂

[@tdawg1548]

I feel bad for Buffett having to listen to that guy

[@Raison_d-etre]

Yeah you can make mistakes but you don't have to hide them afterwards. I've been disillusioned by Buffett in the past several years, but this interview takes the cake. The rich will always side with the rich.

[@grildcheez1504]

Uncle Warren into Banks, Insurance, Candy, Fastfood. All the worst things about America. Says it all.

[@ase2201]

Why does this guy always cut off Warren Buffett in mid sentence. He's got nothing to say but loves listening to himself. Watch other interviews and he does this all the time. As for Warren saying that GE's accounting is problematic was very prophetic considering what Markopolos found out 8 months later.

[@magmasunburst9331]

Warren should have sold his GE stocks and invested in Bitcoin around 2011.

[@kb4iuj]

Let’s hope GE spins off the locomotive business & The medical company, via tracking stocks with way less shares than GE has right now 8-9 billion shares. The SEC clearly has their hands full looking at this mess. Remember, GE Credit ? How they use to finance Apple Macintosh’s. Who wants to buy a Mac ?

[@epicinvestingnerd5943]

Everyone makes mistakes, but the management at GE goes WAY beyond mistakes. I was thinking of making a video explaining all the reasons I (correctly) thought GE would have been a bad investment

[@exoxy]

Were you now?

[@Rick-tb4so]

One rat doesn't tell on the other........feed from the same bucket......and the workers suffer....

[@collateralizeddebtobligati2932]

lol I got this recommended right after GE said it will split up its companies

[@xs6819]

It is well known that when anyone challenges Buffett or says anything remotely negative about him people instantly go on the offensive as if he is some kind of god. I think the commentator was trying to ask him legitimate questions. Also what does being friends with someone have to do with whether the company was being managed appropriately?! The company has gotten so big over the years that it has become significantly more difficult to manage or even follow. Looking at the most recent 10Q it is clear that there are many things being left out. They are not and very likely have not been for a long while now disclosing substantial losses with significant portions of their business units. Prior management evidently believed he could aquire more and more companies in an effort to reduce debt and increase profitability. Obviously the reverse had occurred debt has went sky high whilst profitability has gone down.

[@TreesOnTheBeach]

I like Buffet, but "we made some money on it." Well, Warren, you did, but as usual, the working man investor lost money.

[@mrjohn4711]

Joe don’t let him speak in front of a camera - never

[@borderlord]

Buffett was a year ahead of Markopolous without looking at the books forensically...he saw it far off on the horizon !

[@PhongNguyen-nz9kz]

Stop cutting buffet off! I want to hear what he has to say. Geez

[@ERICJIN707]

See buffet interview open vid, see joe close vid

[@MrJamesisawsome]

I actually enjoyed joe's commentary... SIIIIKE Fire him!!

[@randyosborne310]

Will our Government step in and financially save G.E. with tax payer dollars?

[@titififi7919]

Government is not the people but the RICH. The RICH is GE. So why not.

[@victormkhaliphi2778]

You bet

[@randyosborne310]

@John Small Your right brother. There's over 150 countries that receive money from our Government for no other reason than they pay Lobbyist Money, Campaign Contributions and Special Interest Monies to our corrupt Congress. Doesn't G.E. do the same? I want to see some perp walks.

[@IbnBahtuta]

They should have had Harry on at the same time as Buffet.

[@johnnyc253]

Yeah

[@whateverrrrrr123]

Just let mr buffett talk

[@epeon7]

Buffet got a good penny to give GE his mark of excellence. He got out with a profit. everybody else got screwed.

[@fengqin821021]

Joe is asking the question, at the same time.....he want to answer his own questions. We don't need anyone to be on CNBC except him. It's going to be a solo show.

[@ck7603]

FIRE JOE

[@antar1485]

The set up is odd. 2 capable people speaking in each others presence - perfect. So, who decided to connect a 3rd by video or perhaps even just audio for them? Be that as it may, can Joe chalk it up to a tech delay or is he actually blatantly obnoxious and utterly oblivious?

[@wingerj1125]

if you buy a GE kitchen or laundry appliance today it is now manufactured by the Chinese.

[@TheAhmedvienna]

I thought this was just a few days old.

[@lumpy0100]

Thanks CNBC. ☺ 'Mistakes were made.' That's all You got?:D

[@mcoehlrich]

I don't watch CNBC, but what the heck is this anchor doing? Interrupting Buffett and throwing out random statement.