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Warren Buffett: Mistakes Made At GE | CNBC

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Warren Buffett, Berkshire Hathaway chairman and CEO, talks about his 2017 annual letter to shareholders where the Oracle of Omaha explained his buying criteria for deals. For more of Warren Buffett's wit and wisdom visit https://Buffett.CNBC.com » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Warren Buffett: Mistakes Made At GE | CNBC
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Text Comments (147)
Mystikal 36 (3 days ago)
GE refused to Warren Buffett his balls
Investor Jess (11 days ago)
God this guy annoying af
Tuan Chau (15 days ago)
Someone edit Joe out.
Shivan Anirudhra (19 days ago)
Ge needs new leadership.. Sad to see
Alex Paumen (21 days ago)
How are you going to order your ET44C4 GEVOs now? Maybe you should bring back the Dash 8s and GP60Ms.
cathy zhang (22 days ago)
Joe sucks.
Phillip Reed (24 days ago)
GE sucks
Phillip Reed (24 days ago)
GE sucks
Phillip Reed (24 days ago)
GE sucks
Goldn Messi (24 days ago)
With all due respect you sir, GE has 10 TIMES STRONGER Financials than your KO-Coca Cola. Last 4 years, your KO revenue PLUMMETED 25% to tinny $35 Billion, WIPPEDOUT 85% of Profit, only DEBT $46 BILLION went up and it's much higher than revenue. Only reason KO Coca Cola being PUMPED up is because Wallstreet wants to protect 1%, Mr. Buffet. So, sir, Please count your blessings in the form of Banks MANIPULATING stocks in your favor, and HURTING MANIPULATION acts on us retail little investors. GE is most held by retail mom & pops, therefore it's always a target by Wallstreet BASHING and stealing their valuable assets..
Goldn Messi (24 days ago)
Truth hurts. Just compare MUCH SUPERIOR FINANCIALS of GE..vs..KO PLUMMETING financials, yet KO stock is PUMPED UP DOUBLE to GE...
Julio Jackson (29 days ago)
but but but but but but but warren im not listening to you. Im re-framing the same stupid question I first asked you about Jeff Immelt, can you answer in a way that I want to hear?
A B (1 month ago)
Let the wise man speak and the clowns stare at him quietly please
Taylor Montgomery (1 month ago)
Joe is annoying af, why is he still on CNBC?? he seems like the kind of guy that'd be on Fox business. Becky is so annoyed lol
village carpenter (1 month ago)
Joe's dad must own cnbc...who else would keep him employed? He did nothing but interrupt!
Cloud Envy (1 month ago)
The guy is so anoyying. Stfu unless you have something to contribute don't interrupt buffet to ramble about how lost you are.
Charles Dunn (1 month ago)
This guy is terrible! Let her do her dang job.
P Zak (1 month ago)
So do you really think buffet is going to say he is buying ge? Dumb question. He wont say because he wants the price to drop further.you will have to wait about 6 months to find out
kwfown (1 month ago)
For all the negative comments about Joe’s interviewing skills, he was fine! He was trying to get WB to admit on air, in come context or another, that he regrets investing in air. That’ll be a big deal to get a legendary investor like WB to admit he regret investing in a company. But Joe didn’t get what he wanted, so he kept circling around the drain. He’s not the most skillful at it. I wouldn’t be surprise if he follows Maria Bartranomo’s path down the lines and join Fox News, personality wise he fits there.
maribel marmolady (1 month ago)
Greg Massi (1 month ago)
More incompetents!
Twinsal (1 month ago)
man that guy reporter is super annoying and rude, keep cutting people during their talk.
UNCLE SAM (2 months ago)
Just let mr buffett talk
Fazal828 (2 months ago)
That host is terrible. Let the man answer before you put your strong opinions on him. Maybe, just maybe, you'll pick something up.
little big big (2 months ago)
this is what happens when you invest like warren buffet. buying companies based on fundamental analysis. the way warren buffet invest is no different from gambling. thinking a company is good and buy and hold long term - this is dumbest strategy in the world
Happy Days (2 months ago)
Joe needs something like a bottle of Focus Factor a day, Becky looks like she's dressed to attend a Klan rally after she leaves the building.
John Doe (2 months ago)
Idk what you guys are talking about Joe makes the show I was dying the whole time 😂
Mark McLennan (2 months ago)
What is wrong with this rambling host. He needs to be gone.
william d (2 months ago)
The annoying Joe strikes again! This scum just ruined the interview!
莫家煒 (2 months ago)
let warren speak please
Alto's Music Lab (3 months ago)
is Warren Buffet ashamed of himself now that Elon is showing us how billionaire's should act?
Null (3 months ago)
Becky is Bae
Patrick Proctor (3 months ago)
The jet engine part of the business is making money hand over fist thanks to Boeing and Embraer. Buy that and burn the rest.
Matthew Ng (3 months ago)
Jesus christ. Imagine there were two Joes on this interview. There would just be incoherent yelling
fendermon (3 months ago)
GE and IBM should merge and become ..uh..uh.. um (I got nothing).
Scott Wood (3 months ago)
The male host is TERRIBLE.
aon10003 (3 months ago)
There was a rule in Communist China that 5 percent of the population was counterreulutionary and needed attention. GE took over the same rule and decided that 10 percent of the employes needed attantion. So if you wonder why noone in GE got any warning signals, you can figure that out now.
hg2 (3 months ago)
Sh*tty interview.
Diana Miller (3 months ago)
Join Robinhood investment and we'll both get a share of stock like Apple, Ford, or Sprint for free. Make sure you use my link. share.robinhood.com/hansp2
Buttermilk (3 months ago)
Warren you do not know what you are doing....like you need another company??? You will mess them up as you have with other companies you have bought and they are loosing money..... Get out of the business world.... you cause people to loose their JOBS!
Luke Remis (3 months ago)
Joe. Ugh.
David Norris (3 months ago)
About 2005 I worked at GE as an engineering contractor. At that time, GE was outsourcing its engineering to India. This was a complete disaster and they hired a bunch of old engineers like me to re-work the engineering from India. At the time I asked my manager why bother to go to India? You might as well give it to us old timers and cut out the middleman. The manager looked at me and said, “God has said that outsourcing is good. No one contradicts God. Besides, you guys are charged to the contract and no one cares as long as you are not charged to overhead.” So, we kept working. What I found at GE was that there were a ton of these Sigma 7 engineers that looked good, dressed right. Our manager was typical, she had spent several years in compliance and HR. She was sigma 7 certified. But, she had never gotten her feet wet. Frankly, she had little real world experience. And that was the problem with GE. There weren’t people there who had gotten their feet dirty walking an oil field or a factory. The guys who really knew what was going on were either old or retired.
Carlos G (3 months ago)
That guy is sssoooo annoying lol
drdecker1 (4 months ago)
I am not sure whether GE is involved in parts of the insurance industry, but if they are and this is one of the reasons for the decline. One of the things that is always risky is the fact of it's future foresight. Who really knows what will come out in it projections. Because as a lot of people have been watching. When huge payouts are not forecasted. It can throw a lot of the industry into turmoil. Causing these huge declines. This may not be the case here, but if it is then someone needs to take a real close look at the way they take on clients. Investors should also know when you watch lines up and down or completely down. It's identical to watching an individual having a heart attack, and the doctors are trying to stabilize the patient. It has to be done by the experts to be successful.
winger j (4 months ago)
if you buy a GE kitchen or laundry appliance today it is now manufactured by the Chinese.
dinesh r (4 months ago)
Listen More talk less. Talk is cheap .. When is CNBC gonna fire this guy
Phong Nguyen (4 months ago)
Stop cutting buffet off! I want to hear what he has to say. Geez
Yun Ting Koh (4 months ago)
this guy is forever stuttering... eh eh eh... what.. eh eh... ahem. pls just get him off air, he's consuming precious screen time
Rushi Patel (4 months ago)
Joe has no respect.
Scott Isitt (4 months ago)
The look on Becky’s face every time Joe talks. 😆
Juan Pablo Quezada (4 months ago)
Joe sucks men...
pigboykool (5 months ago)
Just look the all the Immelt past decision, of course Buffett was duped by Immelt but he just can't admit it to the world.
Natural Man (5 months ago)
Buffet is a mistake. CNBC is a mistake. Obama was a mistake. Bush 2 was a mistake. Bill Clinton was a mistake. (I call these Presidents, the three duds in a row.) Globalism is a mistake. I could go on and on...
Harlan S (2 months ago)
Please do. I'd like to learn more!
AKIRA WATANABE (5 months ago)
OnisionSpeaks (5 months ago)
Warren seems like a nice old man... please be kind to him.
pigboykool (5 months ago)
He "acts" like a nice old man. He would not be one of the richest man on Earth if he is a "nice" man when he makes his business decision. It is a man eats man world.
Liliana Tallone (5 months ago)
sinor warren buffett e grande personado inelidente molto umano anke sua filia e tanto intelidente kome sinor warren buffett anke sinor bil gates lomo molto intelidente li aguro lunga vita tanta salute anke def bessos molto inteldente personado skrito di liliana mitkova di svizzera i bulgaria mitko i ivanka
Liliana Tallone (5 months ago)
anke un altro sinore di meksiko e molto intelidente e umano anke sui filii sono intelidenti li aguro lunga vita e tanta salute kuesto sinore di meksiko e un grand personado miliardario molto bravo e onesto skrito di liliana mitkova di svizzera i bulgaria mitko i ivanka
Spencer Winston (5 months ago)
Joe, when you are in the zone, you can be very pithy, witty, and incisive. Recently, your statements are seemingly rambling and incoherent like a man on a barstool long after closing time. You are at heart an intellectual and scientist yet trying to play the role of a game show host here outside your sphere. If you want to be a game show host, call Pat the wheel show host for advice. Your babbling is unsettling and a trainwreck of an interview style. Bartender please mute CNBC, and send me a tequila sunrise. NOW!!!!!!
sam vasley (5 months ago)
Read between the lines. Jeff and him are friends. He just admitted so they made a deal with means buffet bought shares at a lower price then it is now so he is betting on it bouncing back not this year but long term. Buy GE
Rick S (5 months ago)
One rat doesn't tell on the other........feed from the same bucket......and the workers suffer....
Shuai Zhou (6 months ago)
Joe needs to shut the f*** up!!
Johnny C (6 months ago)
uweakminded twit (6 months ago)
GE is worthless until it looses half of its dead weight, the price per share is to high
Zod (6 months ago)
AmericanBulldogFit (6 months ago)
Duuuuuuuh, ahhhhhhhhh, Warren luv dah biiiii daaah Buffet Berksher. Go home John. You're drunk
Peter Nachtwey (6 months ago)
There were too many interruptions and broken statements. Buffet was not telling how he really felt.
Ian Pearson (6 months ago)
why do these people at cnbc keep interupting people.They have someone on with the knowledge of buffett and they wont let him speak.we arent interested in listening to reporters.
MrJre4491 (6 months ago)
Why is Joe still on this show he makes it basically unwatchable
Timur Mazitov (6 months ago)
GE is gonna go under.
roadrailn (6 months ago)
that Joe guys gots to go. Interviews like that are going to annoyingly push Buffett to retire and not want to share his knowledge to the world anymore. Come on CNBC you're better then this, Ax him.
Clarence White (6 months ago)
Design Slave (6 months ago)
What's that on your head Joe?
LongTermCap (6 months ago)
For the love of god, fire Joe. Hire a professional to talk to Buffett. Becky is fantastic, she doesn't need this clown.
Alan Haley (6 months ago)
No one is here to listen to you smarmy host guy.
C Delaney (6 months ago)
roadrailn (6 months ago)
i thumbed up your thumbs down to joe
Aerohk (7 months ago)
I thought GE is undervalued and went big, gosh it keeps dropping like rock. I might need to pull out.
Kyle Gushue (7 months ago)
GE didn't pay taxes in 2010. they are genius. buffet is jealous.
charron (7 months ago)
Joe got chocked
KindOfAHag (7 months ago)
Hah, Becky should've done this interview on her own. She seems great.
Jack Kulinski (7 months ago)
Short GE. It's trash.
SpiritLeash (5 months ago)
Hahahahhaha. I made 15% already doing the opposite. GE is super undervalued.
Aerohk (7 months ago)
Don't you think it is undervalued?
Marc-Antoine Dubé (7 months ago)
Joe just keeps cutting M. Buffet. Extremely annoying.
Adam Cracroft (7 months ago)
Joe must be the worst presenter if the history of tv. Can't even deliver a normal sentence... please no more!
tremer 2009 (7 months ago)
Thanks CNBC. ☺ 'Mistakes were made.' That's all You got?:D
Tuan Anh Pham (7 months ago)
Beck is hot
BD H (7 months ago)
Is Joe drunk? He is so obnoxious.
Cromius (7 months ago)
A lot of the problem with Joe is that he has a very long time delay.
roadrailn (6 months ago)
a lot of the problem is Joe
Andrew Liffey (7 months ago)
to be honest, this is a perfect example of a woman doing a job FAR better than a man, Joe is completely incoherent and should never have been allowed to talk to Mr Buffett​
Craig Smith (1 month ago)
Men are better at most things but I agree in this circumstance the woman is far better at interviewing than joe
PS Wen (7 months ago)
Agree the male host is unprepared and often rude. I always has to skip the first part when he is talking.
Mannie (7 months ago)
Seriously, Joe is freaking annoying and adds nothing to the interview. He is like that guy who went to the same high school as you and acts like you were best friends with him though you barely know the guy. I really dislike when he speaks.
George Spiggot (17 days ago)
hahahaa funny analogy! there is always that one guy!!!
Tom Ludlow (7 months ago)
Cringe alert
Christopher Robbins (7 months ago)
Joe sucks and is rude.  Quit interrupting Buffett.
Macoy Jackson (7 months ago)
Becky with the good hair showing a man how to do his job.
Kevin Kostyk (7 months ago)
Joe is a bumbling fool.
Jason Lopez (7 months ago)
I really hope they pay Becky more in terms of $$$ than they do joe
Jason Lopez (7 months ago)
God this guy joe is annoying as **** Would have really loved for Buffett to elaborate on the mistakes Berkshire has made too in regards to insurance. Joe really needs to control his demeanor and let other participants have their FULL say on a matter before he goes on interrupting them..... it’s VERY unprofessional
Mike M. (7 months ago)
god i hate joe...cannot stand him for 5 seconds...had to fast forward
Chris Hardin (7 months ago)
I can't even watch because of Joe
Briana Maetta (7 months ago)
Joe is blowhard. Let warren speak omg
Justin Adams (7 months ago)
Joe is a moron. Has been for years. Why CNBC allow him to remain on air is baffling. Check out this gem where he calls Buffett lazy. https://www.youtube.com/watch?v=zF9KA549bQw Let me know if you agree, or is there more to this guy?
YensecaTube (7 months ago)
So for the first time in history Warren buffett was wrong because the Trump administration failed it like puerto rico and the recent victims of the florida school shooting. I knew this government was no good but it is amazing how much it is willing to let the USA crumble. Pull your money out of american stocks people. Wake up or shut up.
Hao Wu (7 months ago)
How do they let John on air?! This man is an insult to the intellect of viewers of this show.
John Ainikkal (7 months ago)
Joe doesn't bring in anything of value in any of these conversations with Warren Buffet and sounds lost when he does try. Maybe it's the response time lag but he brings the quality of the interview down significantly and wastes a lot of time.