Warren Buffett: We don't know where the shareholders of banks are heading

Berkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. Buffet discusses the SVB fallout and regional bank sell-off. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@radearpurba3589]

Thanks for this explanation 😔🙏

[@jayhenderson2683]

They should go back to the 50's. Where you got a free gun for opening a bank account. That would keep them honest.

[@ctrl-shift-run8681]

Well, it's good for the borrowers who got an attractive rate on their loans. Can't believe the banks didn't stress test their portfolio to different interest rate scenarios.

[@marcopolo9673]

They would have stress-tested their portfolio, but no one would have assumed interest rates increasing this fast.

[@bideojames4222]

Doing that would cut into profits

[@user-sf7kl9uh7k]

​@@bideojames4222Exactly, no bail outs this time though if it all goes wrong, which is looking increasingly likely.

[@Knowledge.to_Come]

Banks are at all time highs right now

[@k.c.wingert7179]

Yet Charlie Munger owns 1,591,800 shares of Wells Fargo, 2,300,000 shares of Bank of America and 140,000 of US Bancorp for a grand total of about 85% of his total portfolio. These guys LOVE banks don't let them fool you.

[@ceegee4875]

I don’t understand where the spaceships go either…

[@ceegee4875]

6:30 😂😂😂

[@whatever77ism]

To the cleaners? 🤣🤣🤣

[@trappinout18]

Great banker story at the end.

[@tonyh4513]

Why'd they kick out Peter Flaherty after he stated that Bill Gates was constantly going to Epstein Island and his love for children?

[@juannava2097]

Too the new future of industry ⚡

[@seantyler7401]

This is sure to take banks come Monday

[@allenmobley8444]

Yep goodbye PacWest

[@jmtake85]

@@allenmobley8444 you short?

[@georgevan2606]

It's sad watching this video when Munger is no longer with us.

[@michaelschneider1365]

isn’t he like 1,000 years old.

[@nicholaslandolina]

Who is he talking about for his hire

[@nicholaslandolina]

Munger liked debit

[@cwrk105]

His local bank won’t face a bank run unless he leaves lol. That ought to be a significant percentage of deposits

[@shankarbalakrishnan2360]

Saranam Ayyappan my personal god❤❤🎉🎉

[@RaviKiran-lx2kw]

"Available for sale" "held to maturity" guys started doing advertisement?

[@jmtake85]

they block the see's candy product.

[@nadal7575]

4.34 - 5 LoL ตายล่ะ ปู่ก็ไม่รู้ ซวยล่ะ

[@JohnSmith-777]

Two people who have defied the retirement age

[@brycesattler2301]

*Gōlden Nügget Bancshares LV NEVADA*