Video of Warren Buffett on Charlie Rose

Berkshire Hathaway B shares Warren BuffettBy Mark Hirschey (Work of Mark Hirschey) [CC BY-SA 2.0], via Wikimedia Commons

Video of Warren Buffett on Charlie RoseWarren Buffett was on Charlie Rose last night, after his “infamous” op-ed in the NYT yesterday. The interview clarifed some of the comments Buffett made in his op-ed. Additionally, Warren Buffett called for lower Govt. spending as percentage of  20-21%, far below the current level of ~25%. This might seem small but when we are discussing a budget of trillions of dollars, this is a massive difference. Buffett also called for taxes as % of gdp to average 18-19%, far lower than the rate reached under President Bush in 2006 and 207, where it was 27%!

Full video below:

If I get time I will do a transcription on this and on James Grant from Saturday.

 

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6 Comments on "Video of Warren Buffett on Charlie Rose"

  1. Fantastic interview!  Warren makes sense of complicated financial subjects.

    -Nils

  2. Your right, I saw 26.9% in 06 and 07 somewhere else but now I cant find that anywhere it looks closer to 20% or 18% as you mentioned. Tim your right, I mentioned that to a colleague earlier today. Buffett is renouncing Obamas’s economic policies while Obama is quoting Buffett to support his policy, funny isnt it.

  3. Taxes as a % of GDP were not 27% in 2006 and 2007.  It was 18% according to what I have seen.  Buffett is calling for spending and revenues to revert to the historical norm of the last 40 years, which puts him way out of step with Obama.  Spending (20 to 21% of GDP) more than we take in (18 to 19% of GDP) is foolish.  That accumulation over time is what set the stage for our current problems.  We need to balance the budget and run primarily surpluses in order offset the heavy spending years (recessions and wars). 

    Tim Eriksen 

  4. Taxes as a % of GDP were not 27% in 2006 and 2007.  It was 18% according to what I have seen.  Buffett is calling for spending and revenues to revert to the historical norm of the last 40 years, which puts him way out of step with Obama.  Spending (20 to 21% of GDP) more than we take in (18 to 19% of GDP) is foolish.  That accumulation over time is what set the stage for our current problems.  We need to balance the budget and run primarily surpluses in order offset the heavy spending years (recessions and wars). 

    Tim Eriksen 

  5. Taxes as a % of GDP were not 27% in 2006 and 2007.  It was 18% according to what I have seen.  Buffett is calling for spending and revenues to revert to the historical norm of the last 40 years, which puts him way out of step with Obama.  Spending (20 to 21% of GDP) more than we take in (18 to 19% of GDP) is foolish.  That accumulation over time is what set the stage for our current problems.  We need to balance the budget and run primarily surpluses in order offset the heavy spending years (recessions and wars). 

    Tim Eriksen 

  6. Taxes as a % of GDP were not 27% in 2006 and 2007.  It was 18% according to what I have seen.  Buffett is calling for spending and revenues to revert to the historical norm of the last 40 years, which puts him way out of step with Obama.  Spending (20 to 21% of GDP) more than we take in (18 to 19% of GDP) is foolish.  That accumulation over time is what set the stage for our current problems.  We need to balance the budget and run primarily surpluses in order offset the heavy spending years (recessions and wars). 

    Tim Eriksen 

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