Bid for Long Term Capital Management

(May 3, 1999) Warren Buffett discusses the near-collapse of the hedge fund Long-Term Capital Management, which was ultimately bailed out by the Federal Reserve. Warren Buffett describes Berkshire Hathaway’s unsuccessful bid to rescue the firm, which occurred when Warren Buffett and Bill Gates were on a trip together.

Have No Strategic Plan

(May 4, 1998) Warren Buffett says Berkshire doesn’t have any sort of “predetermined course of action” for which of its businesses will become the largest.

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