Warren Buffett Explains the 2008 Financial Crisis

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.

[leondonald]

The disastrous decision to repeal the Glass-Steagall Act in the late 1990s led to the spectacular failure of huge banks during the financial crisis of 2007–2008. To prevent a future catastrophe, Dodd-Frank and this Act both need to be revived right away. What happened with SVB is just the start of what will happen if nothing is done to address the current problem.

[gdoumerc]

“They went away rich. They may have been disgraced to some degree, but they went away rich.” Truer words have never been spoken.

[boldcautionproductions]

I would call this Warren Buffet comments on the 2008 Financial Crisis, not "explains."

[RossiPopa]

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.

[RickWatson-xugw]

I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I don't see my retirement turning out well when I can't even grow my stagnant reserve

[Peterl]

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?

[darylsmith]

Who would have thought YouTube had so many PhD economists in the comment section predicting the next crisis

[matturner]

I used to believe that the stock market was primarily a game for the wealthy, influenced by the lessons of my grandparents who suffered significant losses in the past and emphasized this notion. However, I've been around long enough to experience firsthand how lucrative it can be. Especially in times like these, with inflation at 6.1%, one might consider the circumstances desperate. Nevertheless, I firmly believe that no market condition is insurmountable for a skilled financial advisor, especially those who have weathered the storm since the 2008 crisis and even earlier.

[jameswood]

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.

[Aarrenrhonda]

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.

[Hannahbenowitz]

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?

[jlee]

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"

[krutarthhaveliwala]

"if you wait till you know everything then it's too late"

[pakkagewa]

HELLO GUYS WELCOME BACK TO ANOTHER CRISIS!

[klauswolf]

Warren Buffet: "If I knew what the next crisis is going to be like, I'd be a rich man! Oh, hang on a minute...!"

[favpleasure]

They bail out big companies but my dad lost everything and we suffered for 10 years

[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.

[jamespeterson]

"It is ludicrous to believe that asset bubbles can only be recognized in hindsight."
-Micheal Burry

[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

[TheeDrGroyper]

Rule of thumb: if you’re winning at life, You wouldn’t continue winning if you said more than you’re supposed to.