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.
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
night they said morning and i'm going to
be asking some questions as usual and we
will go to the audience a little bit
later so get your questions Warren I'm
going to start unusually with current
events because last week you announced
that you were buying the fifth largest
auto insurance auto insurance auto
dealership in the country van tile group
of things now there may even be some
people in the audience who think of the
car business as epically channel
challenge but at any rate what I'd like
you to do is spend a a paragraph or two
talking about what why Buffett standards
is a good business and then go into why
does the car dealership business look
like a good business to you a good
businesses and one that turns a high
rate of return on on tangible assets
that's pretty simple yeah and and the
very best businesses are the ones that
earn a high rate of return on tangible
assets and and grow but even ones that
don't roll there i return on tangible
assets and then of course you if you
don't pay too much they can be a good
investment they're good business to
start with by the high returns if you
pay too much for him you can turn a a
good business into a bad investment but
if you can appropriate price you can you
can do all right now the big mistake
which we made in areas was to try and