Warren Buffett Dismisses Peter Schiff's Doomsday Idiocy & Says Recession 'Very, Very Unlikely'

vijaymd44 Says:

Sep 30, 2011 - oracle of obama?? lol

RedTory59 Says:

Sep 30, 2011 - Wish Sorkin had asked him what he thinks about the protests on Wall St.

AmericanNohbuddy Says:

Oct 1, 2011 - Never understood the point of the stock market. For every 10 people it makes rich, it puts 1 million out of work.

Swissbanker77 Says:

Oct 1, 2011 - This is the dumbest thing I've ever heard. How does me buying a stock from you put people out of work?

Swissbanker77 Says:

Oct 1, 2011 - And the point of the stock market is to invest in businesses that are selling for cheaper than they are worth. Companies sell shares in their business to the public through investment banks in order to raise money, which they use to reinvest in their business. Ever wonder how companies like Coke, Walmart, or Microsoft got so big? It's by raising money in the stock market. Without the stock market, companies wouldn't be able to grow, and therefore there would be less jobs.

SMWLINY Says:

Oct 2, 2011 - yeah, cool story. Not true though.

spartan2600 Says:

Oct 3, 2011 - Actually, only a tiny fraction of the money that goes into the stock market ends up used for investment in businesses. Your mis-perception of the stock market is one everyone on Wall Street knows is false, but the people at NYSE and others don't mind perpetuating. The majority of money that goes into the stock market is purely used for speculation and merely bounces back and forth between investors.

Swissbanker77 Says:

Oct 3, 2011 - Actually, 100% of money that is raised in the primary market is used for companies to to invest in their business. The speculative part of the stock market you refer to is the secondary market. That is where people trade back and forth the shares that were issued in the primary market. That's the money that bounces back between investors, yes. But that has nothing to do with job losses. You give me $25 and I give you one share of MSFT, or vice-versa. Nobody loses their job!

CaptainZuluGamma Says:

Oct 20, 2011 - I have studied Bill Graham warren buffet is my hero He said nothing of peter schiff only that from his POV and his specific sphere of influence business he is invested in will be good now and in future he will take a hit but we will c I believe strongly he has no time to consider all the facts he believes nonsensical.

Andreas748 Says:

Oct 30, 2011 - @avaresearch ...........Buffett was rich before any taxpayer bailouts. And most of his money is going to the Gates foundation..... the most effcient charity in the world. How can you find fault with that?

asleeperj Says:

Nov 20, 2011 - Without a stock market businesses could still raise money. Businesses would be smaller, but more plentiful. Jobs would not change. Most of the US is not employed by wall street. Small firms:• Represent 99.7 percent of all employer firms.• Employ half of all private sector employees.• Pay 44 percent of total U.S. private payroll.

23gracz Says:

Dec 20, 2011 - Damn, he was right again I also thought that the end of world was coming, now everything is rally again, bull market, still buffet tis in the game!!

econogate Says:

Dec 21, 2011 - I just read that this year was the largest pullout of the stock market by the average investor.

Illadelphism Says:

Jan 6, 2012 - Spot on explanation. It's sad that a high majority of American citizens don't realize how our economic system functions. I feel if they did, they wouldn't be electing fools into office i.e. Obama.

HurricaneTBag Says:

Jan 28, 2012 - That's a misservice by quite a few media outlets. People know what the stock market is, but they don't know what the bond market is, and if they did they'd shit their pants. I think the stock market in real companies that actually make shit is a great thing. It encourages Americans to take ownership of our capitalist society and it allows businesses to cast a large net for investors. The shit that happened with the bond market? Ehh...that I don't like.

murmanator Says:

Jan 31, 2012 - The purpose of the stock market is to provide liquidity. There are always enough investors for companies to get money from; the only issue is making them aware of each other. Yes, businesses could still raise funds but it would be much more expensive because of a liquidity shortage. Check valulation methodologies, companies that are more liquid get more favourable valuations.

Allen24740 Says:

Feb 2, 2012 - The person conducting this interview is a complete idiot, disrespectful, and has no business in asking questions to the likes of Warren Buffett.

xKurogashi Says:

Feb 5, 2012 - Jeez, this interviewer is a pain. He reminds me of Evan Newmark, except he doesn't have the charm that Evan has.

kryogenikz Says:

Feb 8, 2012 - Interviewer is a clown!!! He has no respect for Buffet. I hope he was fired after this...How do some of these guys get a job? Did he just walk through the door?

rmondave Says:

Mar 9, 2012 - Buffett is a legend already, and all legends flag and fall in their final years! Buffett is and will be NO DIFFERENT, even Babe Ruth flagged in his final years!

RealNewsAustralia Says:

Mar 10, 2012 - ahhhh that takes me back to year 10

785tt9gh Says:

Mar 21, 2012 - I was about to write the same thing.

HurricaneTBag Says:

May 29, 2012 - Yeah I'm a pretty progressive guy, and I think the Stock Market is a good thing. It's democratic in a sense, it allows society to take ownership of business and the economy. However, I think it needs to be regulated, I think there needs to be a level playing field. There are things that go on in the secondary market that influence the price of stocks, that needs to be fixed. But the idea of a stock market is something that I think is a good thing.