Warren Buffet On The Current Financial Crisis…
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Here’s a recent interview with Warren Buffet, CEO of Berkshire Hathaway. He talks openly with Charlie Rose about the recent market turmoil and the collapse of Lehman Bros.
Berkshire Hathaway is notable in that it has never split its shares, which not only contributed to their high per-share price but also significantly reduced the liquidity of the stock. This refusal to split the stock reflects the management’s desire to attract long-term investors as opposed to short-term speculators.
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