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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 (203)
Fred Defelice (3 days ago)
Both of these people have interrupted Warren so rudely so many times they should be kicked the hell out of ever doing this again.
Bud (4 days ago)
What a horrible mess of a broadcast, hard to watch. Poor Warren, having to deal with this
Ginger Baker (17 days ago)
To the people trolling Joe. He is from another time. In the near future, people will consider YOU guys to be incoherent, rude, loud assholes, too. Just wait - your turn will come.
Jim Feaster (25 days ago)
The best health care Kaiser Healthnet Easy choice Bluecross Not united health care...HORRIBLE ! THE. WORST. !
Paramvir Atwal (1 month ago)
She is cute and that ugly hair receding man is annoying af
harsh99vardhan (1 month ago)
Has Joe been fired yet??
Andy Bogdanov (1 month ago)
John stop interrupting. I wanna listen to Warren and not you!
Mr Georgio (1 month ago)
The set up is odd. 2 capable people speaking in each others presence - perfect. So, who decided to connect a 3rd by video or perhaps even just audio for them? Be that as it may, can Joe chalk it up to a tech delay or is he actually blatantly obnoxious and utterly oblivious?
Threechlor (1 month ago)
Immelt's investment strategy = buy high sell low. Good job.
SportsRGreat (1 month ago)
This is fake fake fake news
ℛɛᴛʀᴏ ℛɛᴅ (1 month ago)
Everyone talking about the stock price; but no one is talking about whether or not GE as a company is valuable in the long term.
Owen He (2 months ago)
Very rude, that male host
bikenutt1000 (2 months ago)
This jerk is trying too hard to look important. The interview should have been Buffet and Becky.
Ben Lundgren (2 months ago)
The guy is a dork. Let warren speak
Roy Jones (2 months ago)
Another interview that devolves into the Joe Kernan show.
MrGtoriginal (2 months ago)
I wish that loud-mouthed clown from CNBC would STFU and let Buffet finish his answers FFS.
masterjbrown (2 months ago)
On sale at $14? Lol. Now it's $7.
Matthew Robinson (2 months ago)
Oh FFS! Will this guy shut the f$&@ up. A living legend talking people. Interviewer loves the sound of his own voice. He’s turned me into a troll. 😒
universalchiro (2 months ago)
John interrupted Warren Buffet several times. That is poor interviewing technique. Timing is everything. He should learn to let Warren speak.
Jörg Klatt (2 months ago)
The reporters are... incoherent at best 🤦🏻‍♂️
James Hou (2 months ago)
Joe is sooooo annoying as an interviewer!
Brendan (2 months ago)
Fire Joe
citizens_crusade now (2 months ago)
In Chinese parlance, the male commenter's behavior towards Warren Buffett is analogised as "Eunuch acting like the emperor". And that was how the Qin Dynasty first lost China to Western powers, then to Chinese revolutionaries under Sun Yet Sun and subsequently to the Japanese. If history repeats itself, the present scenario is just the beginning of the end of GE and the greatest casualties will be the minnows i.e. the small investors because institutional investors and banks will always be bailed out by the financial system. It's painful reality. Best regards.
Banana Republic (2 months ago)
John is fun to watch
sravan vadigepalli (2 months ago)
JOE - you are terrible!! Stop interrupting ....
trust30000 (2 months ago)
Fahad Bhatti (2 months ago)
Joe seems like he gets hammered right before he gets on air lmao. GET HIM OFF.
James Nagle (2 months ago)
The Justice Department should be looking at Jeff Immelt
Green Market 420 (2 months ago)
The best companies to invest in the stock market! - goo.gl/XA6iFk
LTI (2 months ago)
Warren should be the temp CEO of GE,great your hired”
X S (3 months ago)
It is well known that when anyone challenges Buffett or says anything remotely negative about him people instantly go on the offensive as if he is some kind of god. I think the commentator was trying to ask him legitimate questions. Also what does being friends with someone have to do with whether the company was being managed appropriately?! The company has gotten so big over the years that it has become significantly more difficult to manage or even follow. Looking at the most recent 10Q it is clear that there are many things being left out. They are not and very likely have not been for a long while now disclosing substantial losses with significant portions of their business units. Prior management evidently believed he could aquire more and more companies in an effort to reduce debt and increase profitability. Obviously the reverse had occurred debt has went sky high whilst profitability has gone down.
Kaho Chan (3 months ago)
GE owe to much out there. 6 dollors my taget price limit.
Jorge Gomez (3 months ago)
if not for the Congress/FED bailout of the banking, this ‘oracle’ would already be in the retirement house.
michael smith (3 months ago)
Why is the kat always out talkin WARREN BUFFETT
RobReports (3 months ago)
I don't know how Warren can buy apple if he doesn't even use an iPhone... Does he really understand the business?
Alan (3 months ago)
Buffett looks annoyed by Joe's questions because Joe is trying to get Buffett to place blame on the GE management. You can tell by the look on Buffett's face after each of Joe's questions.
Karthik V (3 months ago)
*Jhon says Mr.Buffett this is my show*
Athaporn MCorp Review (3 months ago)
They need a turnaround artist like Lou gerstner or Scott mcnerney. Maybe split it up due to limited synergies
Scott Hildenbrand (3 months ago)
I come from the future, looking at a low of $8.16 on the last active trading day.
wildreams (3 months ago)
Mistakes made at GE: Too many.
Mark C (3 months ago)
John is a jerk and very rude.
Mystikal 36 (4 months ago)
GE refused to Warren Buffett his balls
Investor Jess (4 months ago)
God this guy annoying af
Tuan Chau (4 months ago)
Someone edit Joe out.
Shivan Anirudhra (4 months ago)
Ge needs new leadership.. Sad to see
Alex Paumen (4 months ago)
How are you going to order your ET44C4 GEVOs now? Maybe you should bring back the Dash 8s and GP60Ms.
cathy zhang (4 months ago)
Joe sucks.
Phillip Reed (4 months ago)
GE sucks
Phillip Reed (4 months ago)
GE sucks
Phillip Reed (4 months ago)
GE sucks
Goldn Messi (4 months 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 (4 months 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 (4 months 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 (5 months ago)
Let the wise man speak and the clowns stare at him quietly please
Taylor Montgomery (5 months 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 (5 months ago)
Joe's dad must own cnbc...who else would keep him employed? He did nothing but interrupt!
Cloud Envy (5 months 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 (5 months ago)
This guy is terrible! Let her do her dang job.
P Zak (5 months 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 (5 months 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.
Bianca marmolady (5 months ago)
Greg Massi (5 months ago)
More incompetents!
Twinsal (6 months ago)
man that guy reporter is super annoying and rude, keep cutting people during their talk.
UNCLE SAM (6 months ago)
Just let mr buffett talk
Fazal828 (6 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 (6 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 (6 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 (6 months ago)
Idk what you guys are talking about Joe makes the show I was dying the whole time 😂
Mark McLennan (6 months ago)
What is wrong with this rambling host. He needs to be gone.
william d (6 months ago)
The annoying Joe strikes again! This scum just ruined the interview!
WAIKAKA (6 months ago)
let warren speak please
Alto's Music Lab (7 months ago)
is Warren Buffet ashamed of himself now that Elon is showing us how billionaire's should act?
Null (7 months ago)
Becky is Bae
Patrick Proctor (7 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 (7 months ago)
Jesus christ. Imagine there were two Joes on this interview. There would just be incoherent yelling
fendermon (7 months ago)
GE and IBM should merge and become ..uh..uh.. um (I got nothing).
Scott Wood (7 months ago)
The male host is TERRIBLE.
aon10003 (7 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 (7 months ago)
Sh*tty interview.
Diana Miller (7 months ago)
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Buttermilk (7 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 (7 months ago)
Joe. Ugh.
David Norris (7 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.
canefan17 (2 months ago)
This is happening at a lot of companies as baby boomers slide into retirement.
Carlos G (7 months ago)
That guy is sssoooo annoying lol
drdecker1 (8 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 (8 months ago)
if you buy a GE kitchen or laundry appliance today it is now manufactured by the Chinese.
dinesh r (8 months ago)
Listen More talk less. Talk is cheap .. When is CNBC gonna fire this guy
Phong Nguyen (8 months ago)
Stop cutting buffet off! I want to hear what he has to say. Geez
Yun Ting Koh (8 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 (8 months ago)
Joe has no respect.
Scott Isitt (8 months ago)
The look on Becky’s face every time Joe talks. 😆
Juan Pablo Quezada (8 months ago)
Joe sucks men...
pigboykool (9 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 (9 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 (6 months ago)
Please do. I'd like to learn more!
AKIRA WATANABE (9 months ago)
OnisionSpeaks (9 months ago)
Warren seems like a nice old man... please be kind to him.
pigboykool (9 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 (9 months ago)
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Liliana Tallone (9 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 (9 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 (9 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 (9 months ago)
One rat doesn't tell on the other........feed from the same bucket......and the workers suffer....
Shuai Zhou (10 months ago)
Joe needs to shut the f*** up!!