Warren Buffett On CNBC 2/24/20: Apple Probably The Best Business In The World & More (Full Video)

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Berkshire Hathaway‘s Chairman and CEO Warren Buffett was on CNBC this morning (2/24/2020) to discuss everything from investing to politics. Readers can find the full video interview below.

Enjoy!

Q4 2019 hedge fund letters, conferences and more

Berkshire Hathaway Chairman and CEO Warren Buffett: There would not be a profit if Berkshire were split up

While some have said that Berkshire Hathaway’s businesses could be more profitable if the conglomerate were to split, Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday he thinks it would actually be bad for business.

Buffett: American public has been going ‘wild’ with enthusiasm for index funds

Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that the American public is going “wild” with enthusiasm for passive investing.

Buffett: Banks are ‘very attractive compared to most other securities’

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he feels “very good about the banks we own. They’re very attractive compared to most other securities I see.”

Buffett: Coronavirus outbreak shouldn’t affect what investors do with stocks

Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that while the coronavirus outbreak is daunting for the human race, it shouldn’t impact investors’ portfolio decisions.

Buffett: I’ve spoken with Bill Gates about the coronavirus outbreak

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he has spoken with Bill Gates about the coronavirus outbreak.

Buffett: I can’t make money by predicting ‘what’s going to go on next week or next month’

Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he doesn’t make money based on predicting “what’s going to go on next week or next month’.”

Buffett: ‘We certainly won’t be selling’ stocks during the decline

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he “certainly won’t be selling” stocks during the decline in global stock prices and that he “would prefer it” if Berkshire could buy at the resulting lower prices.

Reaching for yield is stupid, but very human

Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick that investors should not reach for yield beyond their risk-tolerance, even with interest rates so low and stocks seemingly like the only place to get a return.

US economy is ‘strong, but a little softer’ than it was six months ago

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday why he thinks the U.S. economy is “strong, but a little softer” than it was six months ago.

Currently, investors get more for their money with stocks than bonds

Berkshire Hathaway’s Chairman and CEO Warren Buffett sat down with CNBC’s Becky Quick to discuss whether stocks or bonds are better investments in the current market.

Buffett: ‘When stocks are down, we’re going to be buying on balance’

Berkshire Hathaway’s Chairman and CEO Warren Buffett tells with CNBC’s Becky Quick that he is not concerned about Monday’s stock futures pointing to a sharp sell off.

Buffett: ‘I Don’t Own Any Cryptocurrency And I Never Will’

Berkshire Hathaway CEO and Chairman Warren Buffett on Monday reaffirmed his aversion to cryptocurrencies. “Cryptocurrencies basically have no value and they don’t produce anything,” he told CNBC’s Becky Quick in a Squawk Box interview. “In terms of value: Zero.”

Buffett: I’m a Democrat, but ‘I’m a card-carrying capitalist’

Berkshire Hathaway’s chairman and CEO Warren Buffett told CNBC’s Becky Quick on Monday that he is a Democrat, but “not a card-carrying Democrat.”

Iconic investor Warren Buffett on Bernie Sanders and capitalism

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s “Squawk Box” on Monday talked about Sen. Bernie Sanders’ presidential campaign, saying that the U.S. can do better for those left behind, but it cannot kill capitalism.

Buffett on his new iPhone: ‘My flip phone is permanently gone’

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he thinks Apple “probably the best business I know in the world.”

Buffett: Apple is ‘probably the best business I know in the world’

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he thinks Apple “probably the best business I know in the world.”

Buffett: Berkshire is worth the same with or without me

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he doesn’t think the company would be worse off without him.

Buffett: ‘Kraft Heinz should pay down its debt’

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he thinks Kraft Heinz should pay down its debt and maintain the present dividend. He also says they paid too much for the company.

Warren Buffett: I’ve been a net buyer of stocks every year since I was 11

Berkshire Hathaway’s CEO and Chairman Warren Buffett told CNBC’s Becky Quick on Monday that he’s been a net-buyer of stocks every year since he was 11 years-old.

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20 Highlights of Warren Buffett on CNBC February 29, 2016

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20 Highlights of Warren Buffett on CNBC February 29, 2016

Warren Buffett was interviewed on CNBC on February 29, 2016 from 6:00 a.m. – 9:00 a.m. eastern time.  These are some of the highlights:

(1) Warren Buffett does not predict stock prices in the short run, but in the long run they will be higher (10, 20, 30 years from now).  He has been buying stocks in 2016 (Phillips 66) and is a more aggressive buyer when they go down.  Real GDP in the U.S. has grown at 2% per year since the financial crisis of 2009.  He bought his first stock in April 1942 at age 11 when the U.S. was losing World War II in the Pacific.  He bought shares after 9/11 and after the crash of 1987 (Coca-Cola in March 1988).

(2) Lower oil prices result in a gasoline dividend for consumers and is good for oil importing countries such as the U.S.  This gasoline dividend feeds slowly into the economy as consumers save initially and then gradually spend more.  But, the capital value of the oil industry drops quickly with an accompanying loss of jobs.  The railroad industry had a bad year in 2015 as well as in the first quarter of 2016.  34% of rail car loads are affected by lower oil prices, coal, and fracking sand.

(3) The frequency of auto accidents and number of related deaths rose in 2015 as more miles were driven resulting  from lower gas prices and greater employment.  1/2 of deaths result from people not wearing seat belts, 1/3 from drunk driving, and 10% from distracted (smart phones) driving (about 3,000 of 36,000 deaths in 2014).  Insurance rates are increasing to match the increase in frequency and severity of claims.  But thanks to Ralph Nader and new technology, cars are a lot safer than they used to be.  Driver-less cars will succeed if they are safer.

(4) Warren Buffett does not think he is wrong by investing in IBM, but he says it could be a mistake.  He was wrong about Tesco (British retailer).  If he is wrong, he will sell and may take a big loss. Lower prices for a stock is good if he is buying more, unless the company is losing value (if it is not worth what it is selling for).  He has never sold a share of IBM.  A  good business is more important than its management.   Geico is working closely with IBM’s Watson computer (artificial intelligence),

(5) Berkshire is webcasting its annual meeting this year since they were “maxed” out in 2015 with 45,000 people.

(6) Berkshire is closing on its purchase of Duracell today (in exchange for its Procter & Gamble stock).

(7) He does not know how negative interest rates will play out.  This has not been studied before. Negative interest rates help borrowers and hurt savers.

(8) He cannot name one economist with a 160 IQ who became super wealthy from stocks.  Keynes became a value investor (buy and hold) later in life.

(9) Productivity growth is a goal of society.  3G Capital turns inefficient companies into efficient ones.  We need the best people running our companies for the 150 million Americans who work there.

(10) Warren Buffett is unlikely to own Dow Chemical common stock at conversion of its convertible preferred.  He likes the preferred stock only.

(11) Coca-Cola’s growth rate has slowed down.

(12) American Express has a terrific reputation and will do fine over time.

(13) At Wells Fargo, CEO John Stumpf has done a fabulous job.

(14) Berkshire is likely to convert its warrants into the common stock of Bank of America (by 2021).

(15) Kinder Morgan is an investment of either Todd Combs or Ted Weschler.

(16) Phillips 66 is an investment of Warren Buffett.  The current economics of oil refining is better than oil producing.

(17) Clayton Homes has not been engaging in predatory lending by charging minorities higher interest rates.  Its average interest rate is 8.8%.

(18) He hopes the United Kingdom stays in the European Union.

(19) With respect to global warming, insurance rates will rise gradually over time.  Florida is now going through the longest period without a hurricane hitting land since the late 1800’s.

(20) Students should follow their passion.  He (investing) and Bill Gates (coding) achieved early success (age 13- 18) through “focus”.

 

Warren Buffett on CNBC

Warren Buffett on CNBC

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