Tuesday, August 19, 2008

Warren Buffet on IOUSA The Movie

IOUSA The Movie opens on Thursday at 8pm in Branford, Manchester and West Springfield. Then after the movie:

a live discussion with America’s most notable financial leaders and policy experts, including Warren Buffett, CEO of Berkshire Hathaway; William Niskanen, chairman of the Cato Institute; Bill Novelli, CEO of AARP; Pete Peterson, senior chairman of The Blackstone Group and chairman of the Peter G. Peterson Foundation; and Dave Walker, president & CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General, promises riveting dialogue and keen insight into the crisis we currently face. The panel will be moderated by Becky Quick, co-anchor of CNBC’s morning news show Squawk Box.

Warren Buffett is great. You can read his most recent annual report to see his leadership qualities. He is:


Our competitive position in these businesses remains strong, and we have firstclassCEOs who run them right, in good times or bad.


My behavior resembled that of a politician Molly Ivins oncedescribed: “If his I.Q. was any lower, you would have to water him twice a day.”

and colorful

As house prices fall, a huge amount of financial folly is being exposed. You only learn who has been swimming naked when the tide goes out – and what we are witnessing at some of our largest financial institutions is an ugly sight.

And for Warren Buffet's take on I.O.U.S.A. The Movie, see this brief clip:

Tim White

1 comment:

Anonymous said...

Can you spell Weimar republic?

Price per oz. of Gold (in German Marks):

Jan. 1919: 170
May. 1919: 267
Sept. 1919: 499

Jan. 1920: 1,340
Sept. 1921: 2,175
Jan. 1922: 3,976
Sept. 1922: 30,381

Jan. 1923: 372,447
May. 1923: 710,355
June 5, 1923: 1,295,256
July 3, 1923: 3,315,831
Aug. 7, 1923: 68,382,000
Sept. 4, 1923: 269,429,000

Oct. 2, 1923: 6.6 Billion
Oct. 9, 1923: 24.8 Billion
Oct. 16, 1923: 85 Billion

Oct. 23, 1923: 1.16 Trillion
Nov. 5, 1923: 8.7 Trillion
Nov. 13, 1923: 17.4 Trillion
Nov. 30, 1923: 87. Trillion

People actually burned currency for fuel because it was cheaper than buying wood. The economic chaos plunged the country into ten years of poltical and social instability until Hitler finally restored order.

But it can't happen here, right?