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Warren Buffett Tells CNBC He Sees "Enormous Divergence" Ahead for Financials

Warren Buffett Tells CNBC He Sees "Enormous Divergence" Ahead for Financials

(via www.cnbc.com)

In a live interview with CNBC's Becky Quick a few minutes ago, Warren Buffett predicted "enormous divergence" ahead in the stock performance for financial companies. In response to a question about whether financials might be the best-performing stock sector next year, Buffett advised against buying financials as a group. He said some will do well but others have done some "really dumb things."

Submitted by alexg on Tue, 2007-12-11 11:33. | Tags:
  • Commentary
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  • 6 points

anytime the GREATEST talks

Submitted by billytickets on Tue, 2007-12-11 18:29.

anytime the GREATEST talks people should listen

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  • 4 points

I'm glad to see Buffett on

Submitted by SilverSlime on Wed, 2007-12-12 11:07.

I'm glad to see Buffett on the CNBC so often.

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  • 2 points

Silverslime I agree except

Submitted by billytickets on Wed, 2007-12-12 11:42.

Silverslime I agree except when he talks about income redistribution.If he is serious why doesn't give all his Berkshire shareholders all his shares and quit riding in private planes and wearing 1500 dollar Zegna suits and this way the gap between rich and poor will really change if he serious

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  • 2 points

Why doesn't he?

Submitted by Bernard2222 on Wed, 2007-12-12 13:18.

Because Berkshire shareholders are not poor and because he has already agreed to give his shares to people that actually need them.

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  • 5 points

Bernard my plan explains

Submitted by billytickets on Wed, 2007-12-12 18:11.

Bernard my plan http://www.atfreeforum.com/billyticketswin/viewtopic.php?mforum=billyticketswin&t=35 explains what I think he could do since you think the Berkshire shareholders are already rich( most of us are you are correct.lol) . The "investing" public will decide if my "plan" is worth doing lets hear the feedback

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  • 3 points

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