Warren Buffett Explains the 2008 Financial Crisis

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Published 2018-09-06
A decade after the financial crisis, billionaire investor Warren Buffett explains what was behind the 2008 mayhem, what we can do to limit the damage and opportunities missed last time.

All Comments (21)
  • Since Biden took office, there seem to have been more unfavorable results in America. I am really worried about the current bank crisis/interest rates, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
  • Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
  • @Peterl4290
    First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
  • @jameswood9772
    Interesting how over 2% inflation has been a concern when central banks and the Fed begin to hike interest rates. I consider the rising interest rate to be a very serious issue since it will undoubtedly cause more investors to withdraw their money from the stock market. But then I'm still aware of certain investors that continue to earn over $365,000. Wish I could accomplish that.
  • @Aarrenrhonda3
    Gaining more financial independence is probably the result of knowing how to handle personal finances and invest. People are better equipped to save, spend, and invest their money when they have a solid understanding of money and investment. In this market impacted by the recession, a trader made over $350,000.
  • @Greggsberdard
    It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy
  • @gdoumerc1984
    “They went away rich. They may have been disgraced to some degree, but they went away rich.” Truer words have never been spoken.
  • @darylsmith9318
    Who would have thought YouTube had so many PhD economists in the comment section predicting the next crisis
  • @Riggsnic_co
    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
  • @jlee2025
    0:18 - "Warren Buffet is still grappling with what happened and the lessons he learned" 2:31 - "I didn't really learn any new lessons in 2008 or 2009"
  • @BrainKeener
    I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this nov. alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve
  • @favpleasure
    They bail out big companies but my dad lost everything and we suffered for 10 years
  • @TheeDrGroyper
    Rule of thumb: if you’re winning at life, You wouldn’t continue winning if you said more than you’re supposed to.
  • @InvestingWisely
    I was in the mortgage industry then talk about a crazy time. Lots of mistakes were made and the financial sector learned very little. It will be repeated again.
  • "It is ludicrous to believe that asset bubbles can only be recognized in hindsight." -Micheal Burry
  • @dkelban
    He really said a whole lot of nothing
  • @cyberkiller83
    You can clearly see that this man knows exactly what is going on but it´s not in his best interest to real talk about it, he can point any fingers because ... you know.