Published on Oct 30, 2016

An interview and Q&A with Warren Buffett. In this interview Warren discusses what makes a good business and explains what he finds so attractive about businesses with a high rate of return on tangible assets. Warren also goes on to discuss Hilary Clinton, investing and his thoughts on the price levels in the economy.

[buffet]

Video Segments:

0:00 Introduction

0:24 What makes a good business?

3:10 Are banks good businesses?

6:22 Current price levels of the market ?

9:02 Hilary Clinton

9:45 Who is going to be her opponent?

10:18 Is Hilary going to win?

10:53 Have you had any cyber security problems?

14:45 Hank Greenberg trial?

20:24 Political deadlock in Washington?

23:19 Start of Q&A

23:30 View on the economy?

28:18 When to “throw in the towel” in investments & businesses?

34:14 How much of a problem is home building?

Interview Date: 7th October , 2014

Event: Fortune’s Most Powerful Women Summit

Original Image Source: http://bit.ly/WarrenBuffettF

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[drizzle]

0:13

night they said morning and i'm going to

0:17

be asking some questions as usual and we

0:20

will go to the audience a little bit

0:21

later so get your questions Warren I'm

0:26

going to start unusually with current

0:28

events because last week you announced

0:31

that you were buying the fifth largest

0:33

auto insurance auto insurance auto

0:36

dealership in the country van tile group

0:39

of things now there may even be some

0:41

people in the audience who think of the

0:43

car business as epically channel

0:46

challenge but at any rate what I'd like

0:49

you to do is spend a a paragraph or two

0:54

talking about what why Buffett standards

0:57

is a good business and then go into why

1:00

does the car dealership business look

1:03

like a good business to you a good

1:05

businesses and one that turns a high

1:07

rate of return on on tangible assets

1:09

very simple

1:11

that's pretty simple yeah and and the

1:14

very best businesses are the ones that

1:16

earn a high rate of return on tangible

1:18

assets and and grow but even ones that

1:22

don't roll there i return on tangible

1:25

assets and then of course you if you

1:26

don't pay too much they can be a good

1:29

investment they're good business to

1:30

start with by the high returns if you

1:33

pay too much for him you can turn a a

1:35

good business into a bad investment but

1:37

if you can appropriate price you can you

1:41

can do all right now the big mistake

1:43

which we made in areas was to try and

[/drizzle]