Warren Buffett On Exposing Business Frauds And Deception

Warren Buffett is well-known as an investor with a great deal of integrity, and in this video, he explains how he has been able to determine with a great deal of accuracy whether certain businesses are engaging in fraudulent conduct.

[@stumac869]

Never trust a sales man dressed in an expensive suit driving a flash car because you'll end up paying for them.

[@TimeSurfer206]

"Never trust a man who wears a fake spray tan. If he'll lie to you about something as stupidly obvious as a spray tan, he'll lie to you about anything." My Dad, a member of "The Lost Generation." Who is now an avid tRUMP-licker.

[@microdesigns2000]

My boss came thrashing into his office and I knew something was wrong. When I asked, he asked me a question. "What's wrong with my driving a Cadillac?". His customer disparaged him and thought the quote was too high, claiming he was financing the fancy car by raising prices. Not true, but I understood the guy's point. After that, my boss made a habit of driving the service van to appointments. That worked well.

[@arthurmoore9488]

@@microdesigns2000 Slightly related, but it's always funny hearing an apocryphal story. A young salesmen blows off a guy in a fishing shirt and jeans driving an dirty pickup truck. Thinking he's just some looser who can never afford the expensive cars. Turns out that guy own the multi-million dollar farm!

[@roseymalino9855]

@The Richest Man In Babylon Same or maybe slight difference. Maybe the word trust is too harsh and the comment should read 'be wary'. but the point is the same which is that his customers finance his lavish living.

[@roseymalino9855]

@The Richest Man In Babylon What's going over heads is your ability to correctly read comments. Learn to do that before you deem yourself qualified to criticize anybody.

[@bjkarana]

I love the story about Charlie kindly offering to inflate his claim to $120k from $12k so the insurer couldn't just dismiss him. Absolutely brilliant.

[@adicamdzic8470]

Wouldn't he be committing obvious fraud. He admits it in the letter.

[@bjkarana]

@@adicamdzic8470 I'd doubt that, because Munger could rightfully claim loss of productivity and other second order effects from the initial theft which would add up pretty fast. Thoughtful observation though!

[@adicamdzic8470]

Mmmmh gotcha

[@walden6272]

@@adicamdzic8470 You can always sue for more than owe if someone refuse to pay due to punitive damages in this case the Insurance company is committing fraud by not honoring his claim.

[@adicamdzic8470]

@@walden6272 thank you

[@abelardoruiz5544]

1. Use your contacts to get investors... 2. Start a campaign that your company will change the world. 3. Bring celebrity investors 4. Go to TedX or Joe Rogan podcast to talk BS. 5. Start pumping money to your salary and compensations. 6. Buy insane work spaces with company's money. 7. Get a jet and go to parties every week with company's money. 8. The company will tank and you blame the economy or government regulations. 9. Cash your golden parachute.

[@rozinant1237]

I get this same gut feeling when I watch “promotional” videos by a startup company who are claiming they will revolutionize the building industry with their folding mini homes.

[@TheLoiteringKid]

I seen something similar, but the one I came across they build these lovely folding homes, could ship the equivalent of quad 16 foot mobile home in a single trailer, but never bothered to make the thing meet the basic standard building code.

[@robbie_]

One day one of them will get it right though.

[@stephenoshaughnessy2279]

I'm currently revolutionizing the transportation business with custom buggies -- horse not included. Now's you time to make your money work for you.

[@yorktown99]

Warren & Charlie are a great comedy duo.

[@titrecords2294]

It looks like stand up comedy for investment 😂

[@MagnusAnand]

It’s amazing how lucid they both are at that age.

[@eddiemunster8634]

As opposed to our President and Vice President? I don't know what her excuse is!

[@robkunkel8833]

Keep watching, eddie. You may learn something. Putin and your Mr. Trump are the outliers; not our current leaders.

[@rodrigorodriguez509]

I work with accountants and attorneys, they stay working into old age and stay pretty Sharp since they're using their faculties instead of decaying in front of the TV

[@Kid_Ikaris]

The adrenochrome helps 🙂

[@RearAdmiralTootToot]

@@eddiemunster8634 a lifetime of lying causes the mind to rot quickly.

[@tedfisk1211]

In my opinion, all business people or those looking to get into business should watch all the videos of Buffett and Munger. Quite educational.

[@ddicin7759]

Too Good to be True == RUN ! Nothing's easy in life; people who peddle schemes that bypass that fundamental fact appeal to our need to get to the finish line unscathed by disappointment.

[@rybolow]

Proverbs in the bible: Make Wealth Slowly". If a person in a hurry to become wealthy quickly, often falls for the schemes.

[@chipper442]

Anyone else get the two old guys in the balcony on the muppets vibe with these two? Great clips.

[@catherinesanchez1185]

YES!!! I knew they reminded me of someone!!

[@mateuszmattias]

I once saw a secretly filmed movie clip from an event arranged by some hyped startup company, and at one time there was a fairly young woman (not Elizabeth Holmes, this was in the 90s) who stood on stage yelling like some cheerleader, getting people worked up like a preacher at an extatic evangelical church meeting. I remember thinking "does anybody really buy into this sh-t" but the thing is that they do, and had I been in that room maybe I would have been drawn into that extatic feel as well. It's very human and very disturbing.

[@chrisj8662]

I still can't believe Elizabeth Holmes actually got Warren to invest in her.

[@lamusica1592]

Sounds like an MLM , pyramid schemes

[@tubergonz]

and Fascism

[@catherinesanchez1185]

Hey , it's been working for churches so why not?

[@Gcock]

​@@catherinesanchez1185The true church; given to us by Christ; in no way shape or form does this. All human beings are called to worship in reverence. If we fail to worship the only One worthy; then we will worship ourselves and others. Scam culture. Hoe culture. And many others

[@miked8227]

I worked for a very big successful company that decided to go public, prior to going public they temporarily changed their very successful way of managing the company to soften up the numbers. Suddenly it was a night n day comparison until they eventually had their IPO. Awhile after the stock was issued, they went back to their efficient ways of managing . The term “integrity” was a convenient term for the management and was so important to continue one’s employment there, which it should be. Many times a family man or woman was terminated under the broad brush of “lack of integrity”. Even the biggest “honest” companies in the world will “confuse” the public.

[@Little-bird-told-me]

Trust is like virginity, once its lost, it can never be restored

[@raccoon874]

unless you become a 'born again' type loser

[@g0679]

Au contraire, one can become a reclassified virgin after a year of abstinence.

[@raccoon874]

@@g0679 no, I think they get classified as "horny masturbator"

[@gumshoe7237]

@@g0679 on what planet does that make sense to you ? Once you've had it the first time , that's that.. smh

[@st0a]

​@@gumshoe7237Probably a delusional woman who was careless with her most precious possession. Truly sad!

[@damham5689]

I like Warren but its fascinating to hear him talk about insurance companies denying legit claims, when the insurance companies he owns do exactly that all the time

[@seansingh8862]

Avoiding frauds is the elephant in the room when it comes to investing. I've beaten the my local total return index by an average of 7.7%p.a. over the past eighteen years. I'd estimate that I'd have added at least 4-5%p.a. to that by simply avoiding situations where crooks take your money! It's happened sooooo many times, I'm convinced that at least 30-40% of apparent bargains on the stock market are actually just instances where the market has cottoned onto the fact that there is something shady going on.

[@tongobong1]

Exactly. When I was less experienced I lost so much on those bargain shares that my return was around 0% for first 10 years.

[@sarnosidiq6212]

@@tongobong1 you are in good shape, most trader loose in their first years

[@tongobong1]

@@sarnosidiq6212 yes I know.

[@fugu4163]

Golden Sachs and their affiliates always makes me suspicious.

[@anotherroady6234]

No shit. Everyone in that organization is slimy.

[@Ken-er9cq]

Insurance is a complex business. Each year you take in the premiums, people make claims and you pay out claims. Looks easy, but the payout of claims is often several years into the future, and the claims may also be made in the future. So you need to be able to predict how many claims will actually be made, how successful they will be and the size of each payout. Underestimate the future payouts and your insurance company looks like it is doing brilliantly. Of course only until someone notices that your estimates are wrong. Then it goes bad fast.

[@walden6272]

These two are the only investors that give good advices while others are trying to scam you into buying their pumped up stocks or cryptos so they can get rich off of you.

[@robertagren9360]

The best deal would be to buy stocks at $0.00 because it's the market value.

[@brianjensen7977]

To sum the video up, people have tells. Very informative...

[@polarper8165]

Thank you for sharing

[@jefflittle8913]

That bit about having to pay executive bonuses in cash is real. Companies have been using that very "profitably" for years. It's not really that you are paying extra for wall street companies that do that at this point so much as that you can get companies that don't do that at a discount.

[@xpat73]

Well he cut Wells Fargo loose.

[@craigwillms61]

me too...

[@DivineMisterAdVentures]

5:00m Reflects on 1960's response to denial of payment for an indemnity. This is what I've been doing subconsciously to 'run up the bill' with mixed, undetermined results in my personal battle with over-the-top Corporate and Business Law Fraudsters.

[@garygerard4290]

People will try to tell you who they are, 'believe them.

[@sandeepvk]

I once went to this _startup_ meet where founders came up with proposition of future projected revenues at upwards of 1$ Trillion dollars ! People want to use superlatives to emblsh themseleves.

[@davidfleischer4407]

One way of determining if someone is right, is if the premise of the argument leads logically to he conclusion. Even before going into the details this video states that according to Buffet there is a common thread to all frauds, but in reality he presents several disparate narratives

[@BlueBeeThemeMusic]

If something looks too good to be true, it is false. That's the common thread. Titles on KZbin are not always formed by the speaker ... Editors make mistakes.

[@diddy103177]

@davidfleischer 4407 I thought Buffet was actually saying that there’s a common set of cues he looks for and notices with fraudulent pitch men, versus just a single cue. Also, he obviously can’t state them publicly because it would tip off future fraudsters he may have pitching investment ideas to him. Remember, good fraudster watches and studies their target victim so they would be watching these videos too. So I believe Buffet’s main point is that in addition to there being a set of cues to look for, you MUST take time to learn them from experience and once learned, they’re reliable for helping to judge people’s character.

[@davidfleischer4407]

@@diddy103177 as explained in the other reply, the video from Buffet starts with a title that does not reflect the content of the video. The title says that all fraudsters behave the same way, but your observation is also that fraudsters are adaptable. So in the end the way Mr. Buffet is presented in this video is the fraud

[@AnvilDragon]

Always have to watch the carpet baggers that will sell their bill of goods to the board. They'll force out key people that built the company, eliminate R&D other than on paper, reduce maintenance below minimums, accept a lower quality of goods and service, add quantity sales incentives to reduce inventory, and layer in short term performance bonuses to pocket as much cash as possible. In about two years the company is faltering, customers are pissed, market share has been lost, no next product was developed to stay viable, and the carpet baggers are moving to their next company. Why just look at the way they turned their last three companies around and how poorly they did without their firm management hand. So yes, look at their management. Look where they have been and did they leave wreckage, destroying promising company after company in their wake. Odd thing is that college business classes teach them how to do it and, in fairly unethical "ethics" classes, how not to go to jail while doing it. Basically how to be a toxic corporate leach for fun and profit. A how to "get rich" rather than how to grow a healthy and profitable company. More: How to fake it until you can cash out.

[@marccox8977]

Exactly How Carl Icahn got rich New York City, U.S. In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the Forbes 400 and has a net worth of approximately $17 billion to $24 billion.

[@TheLookingOne]

The time to already be worrying is when they say there's nothing to worry about

[@meowmeow1733]

Old Statler and Waldorf at it again 😁

[@BlueBeeThemeMusic]

Old Ragged Cat Thing at it again.

[@kotamrajuprasad2742]

Intuition is highest form of intelligence..

[@rangedfighter]

Does anyone know where these talks are given? There are so many videos of him in a very similiar setting with his business partner.

[@mottykytu]

Many year of Berkshire shareholder Annual Metting!

[@ricgunn1439]

AGM

[@revydmat]

@2:59 doing their best Statler & Waldrof act

[@juneyang1400]

“Too good to be true.”

[@stevengreidinger8295]

Buffett wants to teach us but feels forced to answer these questions in purposefully vague ways. If he sees something, he should be able to say something without fearing consequences. We have some flaws in our system, which he believes prevent him from exposing fraud. Note also that he has more data about fraud investigation than ordinary people because the banks and insurance companies he invests in routinely face thousands of fraudulent claims and loan applications every year. It's a shame he believes he cannot share these lessons.

[@steveburke7675]

...in the US you must be careful what you say and how you say it...even if it's the truth.

[@craigwillms61]

Buffett seems worried to broadcast to future fraudsters how he detects fraud for fear they will change their approach - and he said as much. But are you going to share your wisdom or not? You are not much good to anyone Warren, except your heirs, if you're afraid to teach.

[@RandalColling]

In the Real Estate World the fraudulent "fluff" is called "Pro-Forma" The agent claims the property income to be much higher than it really is. They want the buyer to pay based on these fabricated numbers.

[@lance8859]

Insurance is a scam, at least how it's setup. That's why these guys love that business.

[@quengmingmeow]

Anyone that uses the term “game changer” might not be a fraud, but they certainly are either deluded or knowingly selling BS. “Game Changer” is a verbal tell…..walk away every time.

[@TimeSurfer206]

The example you used is the Big Business variant of when a boss asked me to work for cash, off the books, "so you can make more money while drawing Unemployment, too."

[@ricgunn1439]

But you'll be the one in jail for fraud😃

[@karlguntherfragstein4225]

What about the Manufactured Home industries. Some manufacturers are building Noncompliance Manufactured Homes that don’t comply with the Federal Construction Safety Standards. Should the manufacturers that don’t comply to the Federal Construction Standards be held accountable for CORRUPTION?

[@phgamer4393]

im kinda curious of the people they filtered out. if one was actually succesful and not a scam.

[@savaun2]

I hope and want Warren Buffett too live FOREVER 👍🙌

[@oxydoxxo]

Kind of setting yourself up for disappointment there mate

[@miked8227]

Well if you apply his lessons and advice, in a way he will live on. Not sure anybody is gonna ever quote or apply anything I’ve ever said.😂

[@AverageAngel]

What is the reason people fall for frauds, particularly repeatedly?

[@pietergeerkens6324]

There is an old saying that an honest man is hard to con; and a dishonest one cons himself. Warren and Charlie are hard to con precisely because they are themselves honest.

[@AverageAngel]

@@pietergeerkens6324 a dishonest man cons himself, I've actually never heard of that myself, it makes sense. The people who I've known who repeatedly fall for frauds or suspicious people do not seem to be of the highest character either

[@tvoesworld5725]

How about ask people they've previously done business with. Frauds will always avoid this and once you see the hesitation that is the moment you walk away.

[@ilovebrandnewcarpets]

RIP Charlie 👑

[@Dash_023]

Love the $120k $12k story!

[@navajyotichetia8968]

Its best to decide by a coin toss

[@u.v.s.5583]

I know the game painfully well. Tops, you lose, tails, you lose.

[@mulemule]

*Where was **_Madoff's_** Fidelity Bond?* *Where was **_Lehman Brothers'_** Fidelity Bond?* *Where was **_Icahn Enterprise's_** Fidelity Bond?* *Where was **_Salmon Brothers'_** Fidelity Bond?* *Where was **_AIG's_** Fidelity Bond?* *Where was **_Deutsche Bank's_** Fidelity Bond?* *Where was **_Ivan Boesky's_** Fidelity Bond?* *Where was **_Michale Milen's_** Fidelity Bond?* *Where was **_Silicon Valley Bank's_** Fidelity Bond?* *Where was **_Lincoln Savings and Loan's_** Fidelity Bond?* *Where was **_Satyam's_** Fidelity Bond?* *Where was **_SAC Capitol's_** Fidelity Bond?* *Where was **_Wells Fargo's_** Fidelity Bond?* *Where was **_Long-Term Capitol Management's_** Fidelity Bond?* *Where was **_Bear Stearns'_** Fidelity Bond?* *Where was **_Tiger Funds'_** Fidelity Bond?* *Where was **_Marin Capitol's_** Fidelity Bond?* *Where was **_Dewan Housing Finance's_** Fidelity Bond?* *Where was **_Adani Group's_** Fidelity Bond?* *Where was **_Archegos Capital Management's_** Fidelity Bond?* *Where was **_Washington Mutual's_** Fidelity Bond?* *Where was **_Merrill Lynch's_** Fidelity Bond?*

[@monaoconnell5650]

The accounting games we see every day as we look at the stock market is incredible. It has to change.

[@fazole]

Not as long as "money is free speech". They got away much richer and clean after 2008 and Barry told us "Technically, they didn't do anything illegal". Of course Bush and Barry BOTH in on it.

[@lisalove6327]

It's never that easy .... Indicator 1

[@rodrigorodriguez509]

No it's usually pretty easy. I'm a CPA and first I visit the bathroom. The soap and towels are empty, the people are Cheapskates. If they claim to be making good money too, they're lying

[@FreemonSandlewould]

Does that include Theranos? Could have saved us some trouble if he spotted that?

[@soulwailer3394]

Did Berkshire invest in Theranos?

[@1981lashlarue]

Anybody that couldn't see through Theranos from the beginning...

[@GhostOnTheHalfShell]

Wells Fargo is a notable failure

[@arcanondrum6543]

Indeed. It got a bailout after hopping on the CountryWide Bank 2nd Mortgage media full-press blitz. After Taxpayers (that's; "not Warren Buffet") bailed out Wells Fargo Bank, Buffet used his 40% share in that Bank to start buying that Bank's foreclosed homes as a private citizen with a _different_ corporation. Berkshire Hathaway Real Estate is now, definitely in the green and even a landlord in some cases. Berkshire Hathaway Media Group (since renamed) forgot to report that. _"Watch out for Frauds."_ Thanks, successful Warren Buffet.

[@justinwyatt8]

If all frauds have the same pattern, then what pattern does success have?

[@u.v.s.5583]

winners win, that's the pattern. If you want to pick a winner, pick a winner! And, I do not mean simply pick the winner of the past. You need to pick the winner for the next period of time.

[@justinwyatt8]

@@u.v.s.5583 you make no sense

[@u.v.s.5583]

@@justinwyatt8 Thank you! Seriously, success has no pattern, that's what makes succeeding on massive scale difficult.

[@justinwyatt8]

@@u.v.s.5583 if there is a pattern to success, it would be incarnation. Making something real and embodied from a single idea.

[@MrVisde]

I think they’ve talked about this. It’s about the people they’re investing in. Do they know the business and are they passionate about it? Or are they looking for a cash grab and to step away after a payday? The businesses they invest in, they founders tend to reinvest the capital to scale the business. They know what they’re doing and stick around because they love the business.

[@trancendental5373]

Amazing how insurance companies cut you a check when you're rich and powerful. Thanks for the super useful information!!

[@ryanburr2164]

Did you listen to the story

[@johnkraus4]

Hey guys, what about the old folks getting bullied into buying Kirby vacuum cleaners?

[@robertworel5791]

It's safe to say charlie was not himself for a short time there.

[@robertworel5791]

I wish good health on charlie munger. God bless.

[@BlueBeeThemeMusic]

@@robertworel5791 Yes, well you would say that ... now.

[@robertworel5791]

@@BlueBeeThemeMusic I wish good health On most people. It's a common sense thoughts.

[@BlueBeeThemeMusic]

@@robertworel5791 LOL. It is. We die like flies anyway.

[@coumadin75]

This is funny

[@internziko]

The puppets on the balcony of the muppet show really made something of themselves.

[@UnpopularOpinion314]

I didn’t see it until you said it but now I can’t unsee it

[@jabadoodle]

So Warren Buffet and Charlie auditioned for Fargo as Wade Gustafson and Stan Grossman??

[@bridgecross]

"Easy money" "Like taking candy from a baby" lack of work ethic means trouble down the line.

[@monaoconnell5650]

I wonder if Warren Buffet ever considers the possibility that he's been blessed? I have known smart, hard-working people, who are poor.

[@soulwailer3394]

He uses the word "lucky" a lot.

[@monaoconnell5650]

@@soulwailer3394 Oh, I didn't notice that. I thought he used the word, "lucky" once.

[@lukespector5550]

They owned Kirby vacuum division of The Scott Fetzer Company..........

[@untouchable360x]

"Behind every great fortune lies a great crime."

[@dat581]

Nah. There is plenty of jealousy though.

[@pgress1867]

Sehr geil auch die schwachköpfige Werbung im Vorfeld des Videos… Fraud.

[@LIONTAMER3D]

The two old guys on the balcony on The Muppet Show 0.o

[@cisium1184]

This video could have been three minutes long.

[@floxy20]

Insurance against employee stealing money? That's a new one on me. It seems a lot easier to pull of than, say, arson.

[@joshuaturnage5243]

Walmart was caught putting insurance policies on its senior citizen employees because they were counting on them dying soon and the company Walmart outlasting them. Talk about stealing.

[@MrVisde]

Theft is pretty common for insurance policies. Should be a very straightforward claim. The company in the story was pulling obvious shenanigans.

[@Schaneification]

The GOLDEN RULE TO BEING RICH ! THERE NO LAW AGAIST STEALING FOR THE POOR !

[@Schaneification]

@The Richest Man In Babylon Easy look at the tax LAWS

[@guineapigzed]

Great example of what not to become.

[@maxfastest]

Buffet is no angel either !

[@iLumberjack]

These gentlemen remind me of Statler and Waldorf from the muppets.

[@leonrobinson8180]

Haven't heard that one before 🙄

[@ytugtbk]

What a unique individual. An American of acclaim who actually deserves the acclaim. A rarity these days. Guess that's the Midwest of old coming through.

[@Diego-tm3dj]

Nice, and he is partner with Jorge Paulo Lemman, Sicupira and Hermann😂😂😂

[@serafinacosta7118]

Three Frauds, these partners. The odd part is , they ‘ve shown their true colors when they bought Anheuser Busch. A company with a mediocre product , tall order upon seizing it was to trim payroll massively. No word about improving a dog product , in expanding new beers. Just cut costs. This so happened way before they bough J.Heinz. And the worse part was, they claimed to have these tactics learned from their American Peers. Their arrogance was off the charts. This not being a footnote print in the Brazilian Business Press. It was on the page of the Wall Street Journal. Now they are back again, this time around , for defrauding Brazilian investors and lenders. On the tune of billions with one of their subsidiaries. Bernie Ebers couldn’t done better.

[@unglaubichuberlieber8048]

and has buffett look in his mirror LATELY OR EVER LOOKED IN his mirror ???

[@frederickbuhr8765]

The Statler and Waldorf of capitalism...

[@plumbandsquare1]

Sounds like he's talking about bitcoin.

[@kaijusushi8165]

I see that Warren brought his sleestak to the shareholder's meeting again . . .

[@prosodiclearning]

Statler and Waldorf (Muppets) just watching the show

[@cayetanosoler3432]

still chasing the dollar at their end of life .

[@BlueBeeThemeMusic]

The best time.

[@Novastar.SaberCombat]

90% of humans are pretty much hot garbage. If you assume you're NOT likely to meet the relatively good 10%, then it's a lot easier to hang onto your money, sanity, and most importantly... your TIME.

[@steveburke7675]

One of the few that looked at, but declined to invest in Theranos.

[@rodrigorodriguez509]

Nah there were hundreds of millions, it was a public offering. Anyone with two years of college in life sciences would know theranos was totally impossible. The whole thing was an inside job

[@JO-mg6xc]

Warren could not explain it….

[@christopherchris8375]

Is that Dr Pepper 🥫🥫

[@johnd7435]

What happened in 2008 when so many lost their houses (that should have been covered by the banks)? Many were bought by Berkshire, who made out like bandits.

[@hauntedhouse7827]

Yes but did they cause the crash or simply take advantage of it?

[@johnd7435]

@@hauntedhouse7827 they took advantage; my point is, that why were the banks allowed to call in the loans, when their own flakey investments were the cause !?

[@hauntedhouse7827]

@@johnd7435 The president at the time was George Bush Jr. An incompetent little man so far in the bank's back pocket he could probably have doubled as a butt plug. He made the disastrous decision to bail out the banks then give the bankers immunity from prosecution rather than helping the struggling homeowners. However the homeowners themselves were not completely without blame, they did get into loans without doing their due diligence and forgetting that all important rule, if it sounds too good to be true it probably is. That is how i would put it anyway.

[@PacoOtis]

Uhmm? A rather discombobulated bit of babbling! Best of luck!

[@davidpowell3347]

I wonder if Mr. Buffett has studied/critiqued the Packard purchase of Studebaker which occurred,I believe,in 1954 and greatly contributed to the extinction of the Packard Motor Car brand?

[@ricgunn1439]

Studebaker was gone in about 7 years.

[@robertfarr9186]

What a non answer… warren just kept rambling on the same two sentences until he handed it off to his buddy who gives an obviously flippant answer.

[@mattski1979]

Is this from the 90's?

[@BlueBeeThemeMusic]

It's from 30 years...

[@chadchadchadchadchad]

Yes, they are both well into their 90s

[@eileenahern-ku9nx]

30 years ago- they look 90 in the video not 60.❤

[@SevenDeMagnus]

Yup, it's all about deep pattern recognition. God bless, Rev. 21:4

[@hypatia4754]

Pay your taxes, man.

[@serafinacosta7118]

Not the kind of advice his tax attorney would give him.

[@virgilpalmer2427]

Ask ole Warren why he can't keep employees on his railroad... they're quitting faster than than can hire them because he treats his workers like animals..

[@ricgunn1439]

That's in the RR here too.🇨🇦

[@michaelbryant2071]

Only time l have heard Buffet slandered on Social Media. I assume you have proof of his despicable deeds beyond anecdotal bulls**t. Waiting patiently.

[@catwrangler7907]

Bs

[@michaelmcinnis9538]

That's every business my friend

[@jeffblackard9753]

They vote democrat? -mardoff-democrat -Sam bankman-Fried-ftx-democrat On the other hand Savings and loans-Charles keeting-devour republican

[@theresaward118]

Like schumer pelosi

[@altcoin5631]

pot calling the kettle black

[@randallblake1213]

Mildly entertaining if you just want to listen to Warren Buffet, but no useful information.

[@serafinacosta7118]

Nuggets are in the comments. It’s like going to a town hall meeting. The idiot / con artist out front might be useless , but the folk sitting around you , might have a few gems. People love to follow saviors, leaders . But there are always the non satisfied attendees. You have to seize the crowd. You never glean anything valuable with keynote speakers. Not make hay in networking. And seek to the elders. They are often ignored. But their wisdom.

[@serafinacosta7118]

No gimmies. Folks at the top don’t give the store away.

[@4lugan]

Means bitcoin jajaj

[@robkunkel8833]

Frankly, this was not a very interesting or informative video. What did we learn? “This is not an elegant business.”

[@BlueBeeThemeMusic]

KZbin is not a forum to learn investment from ... it's 7 Ways to Comb a Baby's Hair ...

[@terminalreset7659]

What did we learn? Rich people have ways to stick it to poor people so that it seems 'folksy' then they do. But when you try to do that to THEM, it's fraud.

[@supersonique001]

It's not likely that the old boys here would have ever invested in anything blowhard Kevin O'Leary was touting! LOL.

[@leswilson488]

In the whole video, not a single tactic to vet fraud or deception in selecting people or businesses to deal with or trust. Just fond stories they enjoyed telling. The title of this video is fraudulent and deceptive. Ten minutes of my life I'll never get back.

[@serafinacosta7118]

The nuggets are in the comments. Never mind the old foggies. It takes work to separate the wheat from the chaff.

[@surujpaulramlogan8464]

If she can't take care of me for 1 year 👁doesn't need you

[@christopherchris8375]

😂coca cola 🤮😈😈

[@youtbe999]

They said nothing.

[@vaughngaminghd]

Maybe you heard nothing (there's a difference)

[@youtbe999]

@@vaughngaminghd They talk a lot and go in circles. I gained nothing of value other than entertainment in the "exposing business frauds and deceptions" from all that was said.