Warren Buffett: Never Sold A Share Of IBM | CNBC

Warren Buffett, Berkshire Hathaway CEO, weighs in on his decision to buy and hold shares of Big Blue.
For more of Warren Buffett's wit and wisdom visit Buffett.CNBC.com
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Warren Buffett: Never Sold A Share Of IBM | CNBC

[@quanronghu4900]

joe needs to chill if he wants to keep his job

[@rahulkanjani7792]

yeah kinda like good cop bad cop with the chick reporter

[@Kimchi203010]

even though I don't like how he treats warren, hes useful to try to get him talking

[@lakmalantony8505]

Chill bro, That's Warren Buffett

[@josephperdon375]

The interviewers think they know better than Warren Buffett.

[@lakshmimondal3808]

Lol

[@madifrizzellrawlins87]

Joe is too rude to watch. No professionalism. No thanks.

[@Ben-gp2fi]

The one anchorman was too aggressive. Maybe he thought he is super clever and bought IBM rather than Bershire Hathaway stocks - and now he needs a personal investment advise. General political motivated questions whould be far more helpful.

[@jessicaschaper6629]

I love you grandpa!

[@superMMAfreak99]

it all about value rather than price

[@michalpetras984]

An excellent point. Warren and Charlie have done it many times. If he and Charlie are sure they are right they keep buying . A great job.

[@askformoreinfowhichyouwont7510]

Never sold a stock of ibm... till this year... we never saw a crash for the last 10 years... till this year

[@jonathanbell9349]

Warren makes it very simple. Just buy Berkshire!

[@DirtyInvestor87]

i really hate when they interrupt people if i was rich i would never be on these shows

[@FinancialEducation]

Warren Buffett such a legend and someone who I learned so much from!!! Completely disagree with him on IBM though

[@eddiesolo2009]

that's your opinion after all. He admitted 'he could be wrong'

[@mikajp-pvp6407]

IBM went up 11 dollars since this video, he wasn't really wrong.

[@egor.okhterov]

MikaJP -PVP ibm went down to 115$ He wasn’t wrong after all

[@vanshkhanuja8611]

@@mikajp-pvp6407 price doesn't say anything about your decision , You might be right and it could go really down , The thing is that people decide the price and people are stupid , So you'll know if you're right or wrong after a long time [Might be 10 years or 20 years who knows ]

[@brunoprovangenoia5659]

One year ago

[@navjotsinghvirk7449]

love joe reading between the warrens vague comments

[@cristians1313]

It is funny that Joe puts quite a bit of pressure to Warren when he said that Buffet seems tl be holding Ibm. At that moment probably Buffet knew that his plan was to sell the whole stake.

[@jim_dog]

Joe went in big on IBM and seems a bit upset lol

[@doodelay]

IBM's AI Watson is going to send the companies revenues through the roof, perhaps IBM will become one of the top 3 most profitable companies on earth within a few years. The potential in AI cannot be overstated and IBM is an industry leader in the most advantageous industry there is - AI.

[@sirus312]

this didn't pan out

[@Fabiodecastro98]

Untill yesterday...

[@shanenolan85]

Fabio Castro Facts💯 kzbin.info/www/bejne/i4OoZqR-qtuVm6M

[@jairogil5236]

the reporter needs to calm down!!!!

[@JackSmith-cl9eo]

Worked for IBM last year. Hated the company purely for its culture. But Mr.Buffett has got this one right I believe. Huge strategic turnaround. Great dividend to protect losses. New business is growing in a massive way. The only reason its dropped this much is due to revenue decreasing. What do you expect when you change your entire strategy? I'm buying. In at 125.. Will hold for the next 5 years.

[@candyfloss184]

How much did you finally make after 6 years from your ibm investment?

[@davidglad]

@@candyfloss184 Looking at google's chart for IBM, I don't think IBM fell to 125 (below, actually) until 2018. At which stage he probably lost interest in doing so. PS This video sure aged like milk how within a year or two Berkshire would say BYE FELICIA to IBM stock. I respect Buffett for reading IBM's annual reports for 50+ years before buying the stock and the investment legend Phil Fisher suggested giving a company 3+ years from the time of investment to do something. (I think Berkshire bought in 2011.) In the case of IBM, it just appeared like Buffett was being stubborn in not admitting it was a suboptimal decision. Considering, had Berkshire bought Apple instead, that would have been maybe two-thirds (maybe more) of their eventual purchase quantity. Back in 2017 a lot of people were remarking how Berkshire should have bought Google shares instead of IBM in 2011. As Buffett in the video said of course, he's not a registered investment advisor and isn't telling retail investors what is the most suitable investments for them..

[@raylo996]

diamond hands

[@sirus312]

@@candyfloss184 lol

[@benamarahabib5914]

نحن.المرتبه.تقريبا.مرضيه.بضل.العلماء.والنزهاء.وشهادتي.فيهم.بدون.استثناء.انهم.من.خيرات.اللمجتمع.وهناك.من.اتبيعهم.وتلمذو.علي.ايديهم.بصراحه.اعمدت.العلم.لايش.لهم.غبار.احيهم.تحيه.اجلال.واكبار.لما.قدعوه.لبلادهم.الذين.ضحو.بالغالي.والنفيس.شكرا.لكم.ايها.السانه.الكرم

[@0scartheCat]

He should have bought Tesco on the way down, its a 10 year stock not a 10 minute stock, they had the accounting scandal which would have raised the integrity issue but now Dave Lewis from Unilever is Master & Commander, their new value brand of smaller shops will mean they cover all bases and can compete with Aldi/Lidle without damaging Tesco brand, Booker distribution was a genius move . . Tesco messed up in China because they could not get fresh products without bribes and the white goods where not competative but Tesco will continue to grow elsewhere . . .

[@jessicaschaper6629]

shell32 and ibm

[@valken666]

Buffet for president, he's got my vote.

[@dawitgirume6]

Buffett does not need this my man got two jobs

[@pranjayarora8115]

HE SAID DO CIRCULAR TRADING DON'T WASTE TIME ⌚IBM

[@2011blueman]

Buffett violated his first rule of investing, don't invest outside your sphere of understanding. I suspect IBM will turn out to be dud for Berkshire. My calculation of IBM's intrinsic value is around $150, so it's not anywhere close to a value, and hasn't been when he's been buying.

[@SanjayJenkinsIsFun]

I know in this game we all have our secrets, but could you break down your valuation process?

[@2011blueman]

Sanjay Jenkins I'm not sure I could fit everything in a youtube comment, but it's essentially a discounted cash flow analysis with various adjustments and looking for various red flags (stolen/borrowed from Benjamin Graham's books). The way I pick stocks is 1) an initial screen for the following: P/E < 15, price/book < 1.5, current ratio > 1.5, ROE >10%, 5 year net income growth > 0, and 10 year EPS growth > 0. Then, 2) I have a program that I wrote that does a DCF calculation with various inputs weighted by their probabilities and gives me a range for its intrinsic value. Then 3) if the stock is trading at 1/2 the intrinsic value then I go do my due diligence on the company (i.e. look for a Buffett "moat", read the annual reports for the last 5 years and any quarterly reports for the current year, listen to the last earnings conference call, and investigate the management). If you're looking for a starting point I'd suggest reading Graham's Intelligent investor (at least 3 times), and his book security analysis. Then I'd go read every Buffet partnership letter and shareholder letter. After that you'll know more about investing than any MBA or investment advisor you meet. I'd also read Taleb's The Black Swan.

[@egor.okhterov]

Leggo My Ego Would you buy the stock now at 115$?

[@jasonstephenson3322]

Охтеров Егор I bought it at 114 is that bad?

[@jasonstephenson3322]

Охтеров Егор should I pull out and invest in something better

[@patc6146]

is joe an ibm short seller?

[@andreatrussardi457]

Whats that fuckin noice in the background? Damn..

[@nihonboss887]

A gormless turd typing on a computer and clicking a mouse next to the microphone.

[@shabbs15]

NihonBoss not nice

[@7rixee]

Watching CNBC videos.. Warren is visibly frustrated by Joe's questions very often. And not because they're undressing either.

[@askformoreinfowhichyouwont7510]

"Never sold a share" (until now) Kappa - never say never.. and my next best guess is KO is next too

[@KidMillions]

He won't sell KO, steady dividend growth and invaluable brand. IBM was a mistake from the start.

[@stc2828]

Welp IBM keep going down, hope he went out.

[@jessenorwalt3936]

Everyone getting mad at Joe, but he was completely right. Buffet has sold off like half of his position already, and is probably going to sell the rest of it... Everyone getting mad, he basically showed you that Buffet was not extatic about the company.

[@booneguy]

Joe. Why.

[@jessicaschaper6629]

I love him Grandpa thank you! You are so great and so handsome and I am so sorry that you have to be on this stage. Please forgive me!

[@williambagley5415]

I dont care for Joe's tone, but not the content of his questions

[@JapaneseStockInvestor]

Sages of Omaha also make mistakes.

[@quairan2099]

Lol he talking to a billionaire like that and giving him advice.

[@minhhoang1192]

The female reporter is hot

[@gregbaxter6162]

Be Subi that’s a weird thing to say

[@ck7603]

FIRE JOE

[@royreyes8422]

sold ibm to buy apple....

[@Whatshappening2024]

I hope that Joe is not working there anymore.

[@thomashenderson6996]

Well it appears that if IBM doesn't recover to its highs of 130 at least for today.....then I'm selling 6632 shares I hope to God it makes the stock drop even more. the so called supporters don't buy this stock.

[@jondury9450]

Joe and his Grecian Formula needs to go.

[@madbobzy]

Joe should be fired

[@pretzeltss]

Joe is big mad . U can tell he has money issues lol .