An interview with billionaire and vice chairman of Berkshire Hathaway, Charlie Munger. In this interview Charlies discusses what he sees as the root of the financial crash and how it could of been avoided. Charlie also talks about Lehman Brothers and why it should not have been saved. ? Books about Charlie Munger and his favourite books are located at the bottom of the description?
Video Segments: 0:00 Introduction 0:26 Accountants are the root of all evil? 2:23 Examples of evil 3:43 Can this problem be fixed? 4:11 How do we correct it? 5:38 How bad does this recession get? 7:13 The financial system is only as good as its accountants 11:59 Your concerns about the credit derivatives market? 14:33 Balance sheet of the Federal Reserve 16:25 What do you think of Obama’s work as president? 17:47 Views on the fiscal side of things? 20:45 Worried about deflation? 22:22 So far so good 23:09 How big of a mistake was it letting Lehman Brothers go?
Charlie Munger Books ??? (affiliate link) Seeking Wisdom: From Darwin to Munger: http://bit.ly/SeekingWisdomCM Poor Charlie’s almanac: http://bit.ly/PoorCharliesAlmanack Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger: http://bit.ly/DamnRightCM Charlie Mungers Favourite Books? The Autobiography of Benjamin Franklin: http://bit.ly/BenjaminFranklinCM Influence: The Psychology of Persuasion: http://bit.ly/InfluenceTPOP Titan: The Life of John D. Rockefeller, Sr.: http://bit.ly/TitanRockefeller