Warren Buffett shares his opinion on China, Costco, Elon Musk, College, and more

•New complete Warren Buffett interview from 2019.
•Buffet speaks on the future of Berkshire Hathaway, personal investment mistakes he's made, the future of investing in China and meeting Elon Musk.
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[@YahooFinance]

*Time Stamps* - 00:05 Why the US economy is slowly down 1:00 Negative interest rates, Economic Variables 4:00 How much cash an ordinary investor should have 5:50 How closely should you follow stocks? 8:20 Buffett on stock buybacks 10:30 Bernie Sanders and problem with stock buybacks 13:15 What characteristics do you look for in a president? 17:30: Was buying Kraft Heinz a mistake? 18:30 Why people like specific brands like Coca Cola 21:00 Why Hasn’t Warren Buffett bought Amazon stock 22:00 How do you recognize when a trend is over? (Newspapers) 24:00 Should we reduce the Federal debt? 25:15 Should we adjust our tax policy and the minimum wage? (Earned Income Credit) 29:00 Warren Buffett and his new healthcare initiative 31:07 Warren Buffett’s relationship with Todd Combs 35:30 Is the government over focused on drug prices? 36:40: Buying a stake in a company vs. company takeovers 39:50 On buying insurance companies 41:10 Warren Buffett on buying the New York Times 42:30 Warren Buffett investing in General Electric (GE) a good decision? 46:20 What are the costs of a tax cut? 47:25 Warren on his kids and the future of Berkshire Hathaway 50:00 Why Warren Buffett doesn’t read or pay attention to financial statements/news 51:05 The 5 most important things to Berkshire Hathaway shareholders 52:00 Why Costco is like Berkshire Hathaway 53:45: Warren Buffett on investing in JPMorgan Chase and Jamie Dimon 54:15 Warren Buffett on his surprise interest rates have remained so slow for so long 55:30 Does Climate Change change your investment strategy or insurance policies? 57:50 The risk of cyber attacks and an increasingly technologically driven world 59:38 Warren Buffett’s opinion on Elon Musk 1:00:50 Warren Buffett on investing in China 1:01:30 Is Donald Trump right about the US/China trade war? 1:04:00 Is Conflict between the US and China inevitable? 1:05:30 Would Buffett make a large acquisition in China? 1:07:30 Is the the US trade deficit a problem? 1:09:00 Is China’s slowly economic growth a concern? 1:11:20 How Warren defines truth success. 1:12:15: The importance of learning to communicate better 1:13:30 Warren Buffett’s life advice 1:14:30 Best investment advice 1:15:30 Warren Buffett’s morning routine 1:16:40 Is business school still worth it? 1:18:00 Buffett’s favorite song, book, and movie :-)

[@rubenhernandez5312]

Yahoo Finance thank you kind sir

[@madeinchina1450]

thank you for this list.

[@masternobody1896]

I will sell my kidney to Warren Buffett if I can get all of his knowledge and Charlie Munger

[@Reecemay87]

🙏🏾

[@OMGitsEmeboz]

Clutch

[@loveormoney786]

I can literally listen to this guy for hours on end. I can't be interested in even a TV show longer than 30 minutes. Something about the ease of his explanations and the weight of his achievements just has me glued.

[@vanekirk]

I cannot stand tv programming nor the brainwashing commercials. This I agree, is riveting.

[@chris2884]

Warren is sure a gracious fellow. I can’t believe how many times he has to answer the same question and he always does it without contempt.

[@tedrendinell5385]

Can we get the audio correct when interviewing the greatest investor of all time? PLEASE

[@jbullionaire2749]

He reminds me of Yoda. Very wise and doesn't take anything too seriously!

[@BrandonAEnglish]

One important difference: Yoda was a lot more direct about calling out evil or wrongdoing. Buffet is a lot more politician-style.

[@GoodBlokeOutdoors]

He did a yoda grunt at the end

[@eduardocruz7987]

You're not mic'd up during an interview with Warren Buffet.. c'mon man! I can't hear you

[@tradersuccess1141]

Tell me about it, pisses me off!! with sound!!!...

[@jeremikossak9553]

Very professional, lol

[@patrickfarrell6353]

Or at least overdub the original questions into it. Its hard to understand his, answers, if you can't hear what the questions are.

[@benjaminyoungman3767]

The interviewers Mic is terrible, can hardly hear him.

[@benjaminyoungman3767]

@@maeudaou7347 Well obviously you are far superior

[@MercuryModder]

@@benjaminyoungman3767 its soft just turn the volume up

[@MrAmaury5000]

Aaron Moffatt hard to turn up when it’s up entirely with headphones on

[@305dreamhonda]

@@maeudaou7347 the mic levels should be the same, not a great interview technically.

[@RoyalAce2]

@@MercuryModder too soft even with volume at max. WEB mic just fine.

[@hondusspa]

i've watched this like over 3 times already. kind of glad the questioners mic was lower so i can hear Warren, glad he let Warren speak without much interruption and we could hear warren clearly. this is the way it should be

[@marcs8395]

Greatest line “ of you have to watch a stock every day you have no right to buy it”

[@murk4heart]

I like how warren makes himself laugh

[@mehere9215]

He is being entertained by all of the disruption they create in the world, if you read between the lines, he only cares about the numbers.

[@vanstrength5297]

I'd be laughing all the way to the bank too if I had what he has.

[@Flomes]

@@mehere9215 Are you insane? He actually donated billions to Gate's foundation and other 4, contributing among other things to the eradication of smallpox and saving thousands of lifes. What have you done to show that you care more than him about the world?

[@jude999]

Yoda

[@OGKennyLee]

Most billionaires do... except for Elon... he don't even crack a smile

[@kenc8359]

My best takeaways: "Bad communication is like winking at a girl in the dark.' "I eat what I like.' "I pay cash 98% of the time.' "I carry $400 with me and my wife tops up my wallet." These are gems from the master!

[@michaellidster1389]

"We've been made aware of some things". When he says that, you know it's something good

[@Aaronisification]

I love Warren Buffet. What do I love about Warren? His understandings of the World and his courage to be humorous and patient and to sit back in his corner of the World shave the cream off the top of all that World’s insanity.

[@penghockchua9702]

Qing Ting milk Pasteurised.

[@shaifullahfirhakim]

Thank For Understand Me.. I’m Promising Be A Good Profit, Project And About U Are Ceases Proficiency Be Up 🆙 To The Besting Of The World’s.. Inshaallah 🌞

[@dinning4256]

Amazing content! Right now, the markets are very flexible and trading is a bit hard, with lots of fake experts and what not, making profits on crypto coins seems magical or even fake that’s why I trade with Ms. Maureen her skills set exceptional

[@daytradingaddict5632]

investing with Ms. Maureen Jones is the best. I choose trading over holding any minute.

[@harriswealthers1579]

@@daytradingaddict5632 There are lots of wannabe traders today, with their technique don’t work when it comes to crypto investment. Fallen a victim so many times I decided to leave crypto investment, is it all a lie?

[@lucyweilbel6681]

@@harriswealthers1579 Absolutely true but POT can help u tell the dumbass from the experts, I never doubted trading with Mrs. jones, after seeing her POT (Proof of Trades) I have made good profit this year, I hope to make much more in future.

[@helenp9085]

@@lucyweilbel6681 how does one get started?

[@dinning4256]

@@helenp9085 @maureenofficials

[@joycebenton9368]

Mr. Buffet is a one of the top most well known investors and self made super rich in America’s Capitalism systems of freedoms, entrepreneurship spirit and equality of opportunities through his own wisdom, unique financial managing patterns and hardworking habit and business experiences. At his age, he still is very healthy and maintains extremely quick reflection on any questions or subject what he wants to talk about. Yet he is very straightforward, sincere, kind and generous person at the same time. Wish him healthy always to continue to share his financial investment experiences from his life experiences to all.

[@christopherarmstrong2710]

1:16:51 Buffett’s thoughts on higher education and university, especially considering the sharply increasing costs and lowering ROI ratio. Thank you for the honesty! “Honesty is a very expensive gift. Do not expect it from cheap people.” -W.B.

[@guysumpthin2974]

Is this the guy who gave all that "fun money" to bill gates ? If so , can he take it back ??

[@roblovestar9159]

Sure would be nice if they put the DATE of the interview in the info section.

[@jay4988]

Exactly! I am almost certain I watched this before but idk lol

[@ccc3]

I think this was during the Berkshire annual meeting back in May. They have lots of bits and 3-min cuts from this. It's funny, because on all the other clips from this exact interview the audio is fine. Someone from the editing department must have messed up mixing the audio sources for this video.

[@shaifullahfirhakim]

Please Give Me 2 Days..

[@devonrusinek5807]

1:01:50 That's reflective of my view on the way businesses should approach politics.

[@marieroth3940]

Such a wise man and he knows good manners and tact go such a long way.

[@101stores]

I am so glad that Warren looks and talks like he is only 60years old. Society needs him for many more decades.

[@adelezierler1547]

Warren Buffet has so much fun what he is doing and has done all his life. What a blessing this is. The combination, the intellect he was born with, having so much fun with what he chose to do so early on in his life. This interview lifted me up mentally and made me want to do more with myself.

[@bgwhalley]

Leave it up to Yahoo to screw up an interview because of volume.

[@Mads_Vel]

*How Warren always win the conversation* Bob: "Isn't like every company doing really bad now?" Warren: "If you buy a farm" 5:59

[@TheRealSaintNickNorthside]

He's like a human version of yoda

[@mathieuhinse2425]

@ 1:20:03 legit yoda

[@vivianvaldi7871]

Strange too, u look so much like Santa.

[@Sovereign_Citizen_LEO]

Supernatural Yoda.

[@theanarchonazbolinquisition]

Invest, you must!

[@ClaytonBigsby01]

Yoda would have been into bitcoin and understood its importance. He is more like Palapatine

[@secretidentity8191]

Re-uploaded from March... original video has better sound as well.

[@beebeejoo]

Link please?

[@crackyflipside]

These long form 1 on 1 interviews are fantastic. Thanks for the content.

[@tinnguyen2219]

Thank you for sharing this useful data! Greatly appreciated.

[@zinguyen]

What’s the article that he mentioned around 32:00?

[@louiscappuccio9506]

Experience and Wisdom is always profound .

[@loganpowell]

28:00 good point

[@jshanker2005]

*89 years old and sharp as a tack* .

[@BlackShampoo75]

@seven52nine Socialist

[@mehere9215]

Sure if you have trillions of dollars invested in China, and they are not sure if they will lose money, you will be sharp too, he said, he care about the numbers only.

[@eskimoto4417]

@@mehere9215 or if you've been buying and dumping companies for what 30+ years, 40+ years its a walk in the park for him... it's like he said before numerous times there are things he doesn't know about. The stock market is his domain.

[@Lerch-zc3ww]

@seven52nine If Buffet's evil, we're all going to hell.

[@keriwilliams8980]

Exercises his brain all day, every day.....

[@andriyxu6684]

He's so energetic and I was almost falling sleep when suddenly heard a voice HuanYing.

[@mikegrisley1668]

He reminds me of Yoda. Very wise and doesn't take anything too seriously!

[@kyaghleah]

He tells you everything you need to know about long-term investing in the first 3 minutes.

[@isaacgreenough9527]

You got a good heart Warren dont forget it 💪💪

[@balkar83]

Need to fix sound guys specialty the host thx

[@YutoKawashima]

Can anybody please tell me when this interview was done? Thanks

[@jesusramos778]

funny how everyone was so relaxed about the economy before Covid

[@user-aymanzone]

I couldn't hear answer to "biggest mistakes investors make", mic is bad. Anyone know it? @1:14:41

[@ejbproducciones7055]

Greetings from Panama!! Great insight from the greatest investor ever!!

[@olavisau9194]

It still amazes me how much Warren Buffet cares about people.

[@sent4dc]

Very interesting interview.... Just one advice, Yahoo Finance -- why don't you next time mic the interviewer!

[@sambarker4035]

Who else has been waiting for this?

[@user-ql3ws5uz1d]

Anyone know which article is he referring to? Also wonder who that PE guy was trying to buy the reinsurance company.

[@ritchiesay4816]

a great guru with strategic thinking & strategic action

[@ivivivir]

God bless him! You can learn more from Warren in 1 hour than in 1 year watching TV.

[@jayangli]

I have been studying Warren Buffet for some time now. And suppose for anyone interested in investing and in business. Who hasn’t. But I hope to learn more from him. Very grateful there are so many teachings from great investors online..

[@JuniorRodigan]

Dear YAHOO : so you couldn't afford a second microphone so that we can HEAR what the interviewer is actually ASKING ?

[@voxer99]

Interesting answers, just wish I knew what the questions were. Would have been nice if the interviewer had been wearing a microphone.

[@mjab5652]

A true words of wisdom. Excellent interview.

[@redcamaro9401]

Very insightful interview. Thanks.

[@ellenormaughan9194]

great to understand the impact economic stability

[@ecpgieicg]

"New complete Warren Buffett interview from 2019"

[@amirjon]

was this recorded during the annual meeting in May or is this more recent?

[@jimrudolph2864]

Always nice to see Warren Buffet talk. Great sense of humour.

[@robb7733]

This interview is a gift you give to yourself. Must watch.

[@tensevo]

I could listen to Warren all day. So much wisdom.

[@linaskricenas6629]

@Yahoo Finance If you failed to check a microphone of interviewer, then WHY haven't you put subtitles with his questions?

[@leonoradompor8706]

I love you Warren Buffett !

[@thomasz3689]

no doubts, hes one of the most optimistic and friendly guys on earth

[@myhouse-yourhouse]

What is that New Yorker article? I didnt catch the Dr’s name.

[@borderlord]

Yahoo Finance Pleas Fix the Sound! Thanks

[@kenny2110]

Is this on any podcast?

[@aliqazilbash5231]

I enjoyed that! ❤️❤️

[@SunnyFLBoy]

36:34 "We'll be right back with Warren Buffett.... alright we're back with Warren Buffett" 😂 😂

[@NewGameMultimedia]

Yahoo Finance. Hire me for your audio, you should not need to turn the volume all the way up to barely hear anything.

[@penghockchua9702]

Ya Your Mother Who !!!

[@Ljcoleslaw]

What is the Chinese phrase Buffett says at 1:00:55 ? What does it mean?

[@nbme-answers]

34:20 "if you have a rich family, you still want to be as efficient as you can on things -- that's not the way all rich families feel but [being efficient] just makes sense/cents!" 😉

[@JoeDoe1]

In addition to Buffett’s business prowess, I appreciate his ability to bring humor into the interview.

[@falcon1ps2]

@27:00 Just heard this part and I can't help but hear that Warren Buffett is basically describing Andrew Yang's freedom dividend in a way

[@mechanicjobs]

I would love to know what Warren thinks of Peter Schiff. As I watch and listen to him talk, I sense he’s a very decent human being.

[@ChrisGilliamOffGrid]

Schiff is charismatic, so his fans won't admit when he's wrong. And he's a gold seller.

[@Kolob_Canyons_Ranch]

Who edited the sound? You CAN increase volume when the interviewer is speaking, in editing.

[@lastempire7302]

5:52 This sentence is gold!

[@romlyn99]

I think it is true that he got out of the catastrophe insurance business because the rates are unfavorable - but I also think he knows that costs will only grow over time - so he made a business decision to not invest in a business where costs are going to rise over time (due to climate change).

[@apristinemadani]

I have a huge amount of respect for Warren. The part of this interview that was especially sensitive for me... Was the part where Warren acknowledged that the Market system needs to take care of those whose talents may not match the requirements of our capitalist system. I completely agree with him. I will first say that I don't imply (nor do I think Warren was implying that people should be lazy and just blame their lack of motivation or laziness on not fitting in). But for example, I happen to be a technologist (trained and successfully educated in the field of Computer Science)... And I am absolutely "talentless" when it comes to working an 8 to 5 office shift and going out there to face tough managers and customers. Yet, I'm the same person who for 20 years, have done a lot of good work for my peers and my family business, all through my own time schedule (not an 8am - 5pm type standard shift)... But my own biological time schedule, which I have very little control over unfortunately. I even tried to improve my sleep and schedule, but only to find out that my insomnia stems from what doctors call a "delayed sleep phase"... That is only controlled by my brain waves and very little will of my own ! But I am talented with computers and software development, and have my own product that I invented to compete with Google's Android Note Taking App called Google Keep. My own variation on that (available on Google Play Store) is called "EZ Notes" I spent 6 passionate years working on my App, until I had a lower back injury a few years ago. The reason was because I had to keep pushing more and more enhancements to my product, as I desperately tried to make some living. But because I was unable to make even $100 dollars per month, I ultimately lost my lower back, and all my passion and desire to work... And fell into utter despair and became very demoralized. So all those physical challenges along with my "delayed sleep phase".... Make it next to impossible for me to hold a standard 8-5 job... and I am basically completely helpless in this market sysyem Just to prove my point that there are lots of good people like myself, who don't fit the market economy and need to be taken care of... I will go on to state that in recent months, I have started my own Microsoft Windows PC consulting services... And although I am still struggling to support myself, I have faith that great people like Bill Gates and Warner Buffet, are out there in the real world.... And will not automatically assume that someone who does not fit the market economy, may be poor, and is unable to support a descent life... Deserves to live in misery. If anything, we need to help each other and to be there for one another with strong love and support and a sense of unity as a nation and people. This becomes increasingly important in today's America, where it has become so easy and convenient to judge people based on their economic situation and particular life challenges. I highly salute Warren for his deep wisdom and understanding of these kinds of complications that many people like myself face in our lives, as we work hard to better ourselves and improve our situation (whether it be financially, emotionally, or health wise.) I would like to also remind everyone that no one (especially in a Free market capitalist society like America) wants to be poor, disrespected, and left out. No one wants that, and few if any deserve it. So if you're ever in the blessed situation of owning a successful wealthy business, and a guy like me comes to your place of business offering my technology support (or any other business of value)... Do your best to help support, motivate, and encourage that person to keep being productive and fostering their talents. It's far better to help someone feel like they matter in this world, and give them hope that they can succeed in life... But it takes a person with leadership qualities, a good heart, and a good upbringing and morality, to see such opportunities to help their fellow mankind. We must never let a position of wealth and power, make us forget that what makes us humans (rather than soulless computers) is our ability to embrace others and shower them with our help, support, and wealth. Sad is the person who amasses great wealth, but never develops a generous heart to help those in need. I would hate myself and my life, if I was just a rich fat pig, who never ever cared about anything or anyone else, and grew old and died never giving back to the country and people who helped me achieve great success. Think about it guys... What's the point of money if it doesn't develop a generous heart inside us? And who is going to be remembered and admired until eternity? The selfish people who just amasses a ton of wealth for themselves? Or the leaders who not only helped their own family and loved ones, but also went out of their way to love and understand the challenges of others? Follow in my footsteps starting today, and tell yourself that you will be that Hero and leader with the generous heart... And not that lonely miserable greedy capitalist who ultimately leaves the world and all his wealth to no one else. I greatly appreciate your time reading this post... And if you like my thinking and want to help support me, you can go to Google Play Store, and help support my efforts and my personal challenges and pain... By downloading my App called EZ Notes By Alexander Madani Help share it and provide your awesome Stars and Feedback. I greatly appreciate you Bless America and all the wonderful folks that make it the best country in the world ♥️

[@geoffreyreeks2422]

Thank you. Regards, Geoff. Reeks

[@MT-lq9fq]

beautiful Warren you are an inspiration

[@lindaw140]

Thanks very much Mic doesn’t bother me

[@kathikoopman9021]

Buy and hold for years that's exactly right advice the market will pay more over time

[@michaelbarrett8803]

He and Bernie could be brothers. He is good at investing in businesses but that's about where his worthwhile insights end in my opinion.

[@thesoundofeverything8023]

Glad I found this channel…

[@ezeluv8612]

Buy low, sell high! Forget everything in between.

[@criticalthought8709]

Sounds like the interviewers mic was in the Mariana Trench. Great work 👍🙄

[@lalucalicut]

Thank You..

[@PiotrWajner]

what time Bitcoin?

[@jordanbirch8631]

Now

[@antwortmir4451]

This is a very inspiring interviewer. It s....!

[@Drachwill]

maybe you could turn down the volume next time, i allmost can hear the questions

[@dickritchie2596]

What does WB think about ALB?

[@bastiat6865]

Check your mic and sound levels before you regard your material as a finished product.

[@VerHammerTime]

How narcissistic do you have to be to say "check your mic" coming from dirty butthole life to a person interviewing an elderly selfless genius. Why cant people just appreciate game

[@vincentconti3633]

@@VerHammerTime amen to that amigo!

[@victos-vertex]

@@VerHammerTime OH so it's narcissistic to imagine an - INTERVIEW - would benefit from hearing the INTERVIEWER. Seriously, give me a break. This channel calls itself "Yahoo Finance" and interviews the greatest investor of all time yet they neither put in the money for a $15 mic nor the effort to get it checked beforehand, let alone edit it afterwards. Not only that, it's just an upload of a single camera of an interview that was already uploaded. The interview is up from different angles on the very same channel with better quality. This one may include more of the interview as it is longer but what is it worth when you can't even hear the questions asked? On top of all this: This is a youtube channel, a public place, if anyone puts something on here, be ready for criticism. If you think your channel is going to grow when you're inconsistent with your quality then good luck. If this was meant to be some kind of "extra special for people that want to see the extended version" then that should've been mentioned aswell as the original linked. In my eyes (or rather ears) this simply was disrespectful towards Warren Buffett and towards the viewers.

[@ricktasker8248]

Mr. Buffett is quite an admirable man. Interviewer could just barely be heard. There was almost nothing about Elon Musk, whom Mr. Buffett says he has not seen in 8- 9 years. :-)

[@pythagoras1974]

Greatest respect to YOU SIR

[@Lion_lamb]

I can hear everything fine on my Bose headphones. Thanks for uploading. Great info!

[@r.b.l.5841]

"if we have a market system that creates 64,000 per capita we should not have anyone left behind." Warren sounds a lot like Bernie.

[@robertmesser95]

Warren has never sounded like Bernie. He’s a capitalist not a Marxist …

[@r.b.l.5841]

@@robertmesser95 a Capitalist that feels that everyone in the country should get a share of the pie even if they don't fit the market economy. Exactly like Bernie, who certainly is not a Marxist, just read.

[@eightsprites]

Yahoo can't get the sound right?

[@iFreeThink]

I noticed Portuguese people liked the Chinese label, but they're similar to Neymar Sr.

[@lifeofwayne]

Thank you for sharing Warren Buffett‘s opinion on China.

[@bztrd80]

Which he doesn't want to share one.

[@barakatq]

Can somebody please time stamp the topics, please!

[@barakatq]

@raven's son Too lazy of course, why else! When my level of interest is a bit higher I do just that for public good 😇

[@barakatq]

@raven's son you can't time stamp them all you know 😉

[@YahooFinance]

Done.

[@ah05077]

Dear Yahoo, please could you lend this mic to Joe over at CNBC? Yours, KZbin users

[@alliance3520]

Omg I love this man! He is my hereo

[@brajeshsingh2391]

but he gave diplomatic answers. I was expecting him to be more precise but his interests are diversified so I was being irrational.

[@darbyheavey406]

Brajesh Singh Buffett is very self serving...I was shocked he didn’t discuss his cheap Chinese suit he’s wearing or the way he pays such a low income tax.

[@nbme-answers]

39:37 distortions of the private equity game

[@dmkrusch]

You need a better sound engineer - Warren's voice level is fine, but the host is almost inaudible

[@4nt4r4y]

I think they did that on purpose to put the focus on buffett but, yeah, it failed terribly