Warren Buffett on The Stock Market from 1962 [VIDEO]

The Oracle of Omaha explained stock market psychology to a local television reporter more than 50 years ago, a new documentary reveals.

Warren Buffett on The Stock Market from 1962 [VIDEO]

Jeremy Harris Lipschultz  wrote and directed Warren Buffett the Teacher, which premiered Friday night to two sold-out shows at Bob Miles’ Value Investor Conference. The event coincided with the Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) annual meeting of shareholders — sometimes called “The Woodstock of Capitalism.”

The 1962 film clip was discovered earlier this spring at the Nebraska State Historical Society archives in Lincoln, Neb.

Our documentary team had been searching for nearly seven years for early TV news footage of Buffett. Current and retired reporters remembered only the early 1980s coverage of Buffett’s purchase of the Nebraska Furniture Mart. Before that, they said, Buffett was relatively unknown.

A key break in the search came when Bill Kelly, NET Television and Radio News, searched a new archive database. NET had produced an extraordinary show, “Remembering ’68,” and reported on the impact of Bobby Kennedy’s 1968 presidential race and visit to Omaha. Bill’s first email was promising, yet uncertain:

Here’s the listing… and this all it says: 6/9/1962 Warren Buffett SOF

If the film clip could be located, and if it was Warren Buffett, then there might be sound on the film.

“I found the clip! It’s nearly 2 minutes long, with sound,” Curator of Audiovisual Collections Paul Eisloeffel wrote, “Buffett appears to be responding to questions.” Eisloeffel had found the clip, transferred it and sent it to us in early March.

When first contacted about the events of early June, 1962 and the possibility of an interview at that time, Warren Buffett’s Assistant Debbie Bosanek wrote: “Warren doesn’t have any record of this and doesn’t believe he did one.” Buffett has not responded since our team shared the clip with him and later to the public on Facebook, Twitter and YouTube.

At the time of the interview, a steel crisis appeared to be affecting a market downturn, but Buffett told the reporter that the market was correcting for being over-valued.

Via   HuffingtonPost

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Are you an intelligent investor?

ValueWalkPremium is a website and newsletter for smart investors like yourself. We focus on the latest hedge fund industry news much of which is not in the public domain and obtained via our sources.

We also have 10 years of resources on how to use this information to better your investment process.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0