You're watching...
Weekend With Warren: Berkshire Hathaway CEO Warren Buffett discusses his health, success of investments during the past year and the economy’s impac...
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- -- A lot of the first we're seeing used in an announcement that -- stage one.
How are you doing and what -- shareholders out of resentment there's.
I don't feel any different anyway.
Energy level -- it's it's it's really.
And my age anyway is one of the things about being and you -- it's -- -- got -- what are your shareholders.
Won't that I've gotten lots and lots of mail my.
Music he did they -- welcome -- -- and what.
You know it has sparked the interest in you really articulating.
You're you're succession plan and -- LC I was going to present proposal on Saturdays you know about.
Pressing news.
Well I'm curious as it was going to succeed -- present at a -- -- LC IO.
They will be very -- our view -- and look at.
ExxonMobil and an apple look at companies we also American Express Coca-Cola -- part I don't know the next.
I just know more other jobs tiger.
Your business Berkshire is almost a proxy for the economy just on the eighty businesses what's looking -- -- looking strong and again how.
Almost and we do have seventy plus businesses and last -- would -- well.
Except in the residential construction field and -- all of them and they're doing while I was I named our five largest companies outside of insurance -- Merrill -- better this year than last.
And I think they'll say that way.
You had to pick that one way or the other home construction.
It was -- but it's very very bearish like it.
We stood in this parking lot -- -- he said I predict the housing market we'll do better be here and it was an incorrect prediction you're allowed.
-- -- -- -- -- -- -- I've learned.
Yeah if that's -- -- good memory -- tell you yeah.
Do you see any danger with those -- interest rates overall do you see any danger -- that -- -- -- -- weeks.
-- setting ourselves up for major inflation.
But I think that's.
-- likely I don't know exactly one.
What if you could keep.
-- of this level and more money into the economy and and there were no side effects you know we have been doing -- or I'm on the other side effects but they're they're delayed.
But the Fed has done has been appropriate approach.
And I mean.
They saw a a country in free fall.
Three and a half years ago and they had to act in a big way and they had -- this the American public that they had the step in.
When nobody else was -- -- -- -- whole world is deleveraging somebody had the leverage open.
So they -- the right thing you've found ways to pick certain stocks.
Titillated a lot of investors find.
Tech stocks whose idea was it to my idea.
Wexler is was Todd -- your new investment managers well that was my idea but it doesn't work I was it was -- yeah.
But your new investment managers -- the ones who brought you the idea because she is traditionally really stayed away from this -- that they did not know why.
I don't tell them premium -- and annoyed -- him.
-- -- -- -- -- But no I don't I don't talk to ten and then.
About -- -- buying or selling or what their partners only.
We we -- go our own way.
-- -- attendance this year we'll be record breaker it'll be about I think it's going to be just.
In the detectives were record record but not -- -- I think we'll have about 35000.
One year ago Donald Trump what is making a lot of noises about running for president and you would charge me.
Stood up on stage during one of the press conferences and said Donald Trump will not be our next president.
Now we have -- what appears to be down to presidential.
That Romney pretty -- works well I think Obama is a favorite but I think it would depend very much on the.
The economy starts to get worse how much does -- That are July.
It will.
It will be look at is getting credit for.
Whichever direction.
Let's just -- the American people.
I think is more likely be improving them than not.
Everything I see.
We'll find out.
He's still support President Obama.
FaceBook may steal what little bit of your -- and finally priced their IPO and they have the range up there Don Graham.
The Washington Post -- as a friend -- -- He's sitting on their board would you advise your FaceBook is that -- stock that he'd ever look at our.
I kind of venture quite a ways out by IBM.
Bolivia.
My doctor report -- Before.
We -- direction on America last year a big story last -- meeting -- -- -- mid American energy.
And of course there was a lot of question about his behavior and I know an effective human Charlie deeply back -- we're -- investigation with the SEC stand is -- anything.
Development and that none that I know but that was last.
The last time I talk we'll the only -- -- Last year and they came out it was informal goal and you know it's not -- and I mean.
And Baghdad and even.
It was recorded them about -- day after much question.
That's the last -- I know we're paying.
Significantly.
Everybody.
The -- to a hundred injured 200000 dollars a month of lawyers or someone do this lawyer's advice that we have the -- -- -- if there is one.
