Nicole Friedman

speaker

798 appearances 16 recordings 1 series first heard Aug 2017 last heard Dec 2024

Nicole Friedman’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Berkshire Hathaway: Collaboration and the Post-Buffett Era · 5 Apr 2019 podcast

And so that could be a change at Berkshire, because right now, each of the subsidiaries, as part of the independence that they all get, they all have their own health care plans.

And there's no centralization of health care at Berkshire.

But depending on what Haven does and what health care at Berkshire looks like going forward, that could be a change in the future.

Thank you for having me.

WSJ Your Money Briefing · Warren Buffett on Why He Didn't Save Lehman Brothers in 2008 · 10 Sep 2018 podcast

Yes, Warren Buffett said that one of the big lessons that we all learned during 2008 during the financial crisis was that all of the companies in the United States were like dominoes and that we hadn't realized how closely lined up each domino was so that when one big company

falls or even teeters on the edge, suddenly so many other companies are vulnerable to struggling themselves.

And he said that was something that really became clear about how the US economy was built during the 2008 crisis.

Yes.

So Berkshire Hathaway, the company that Warren Buffett runs, is famous for having a lot of cash, particularly at times when other companies do not have a lot of cash.

And Mr. Buffett did use that cash to bail out and rescue and help some companies that were struggling, including Goldman Sachs and General Electric, Swiss Re.

There were a couple other companies on the list that got help even in 2011.

So a couple of years after the crisis, Bank of America got a lifeline from Berkshire Hathaway.

And Berkshire did do very well on those investments, ultimately made quite a good return.

Yeah, Warren Buffett is famous for making things in finance and in investing sound very simple.

And one of the things he likes to say is, be greedy when others are fearful and fearful when others are greedy, which is a basic investing rule, basically buy low, sell high.

But it sounds a lot simpler and kind of more meaningful, I think, when he puts it in the context of fear and greed.

And definitely during the financial crisis, I think a lot of ordinary investors also were turning to Warren Buffett to see what he had to say.

He famously wrote an opinion piece in the New York Times in 2008 saying, by American, that it was still a good idea to invest in the stock market, to invest in the U.S.

economy, that he was still optimistic, despite everything that was going on, that the economy would recover.

And that is something that a lot of people listened to at the time was why Warren Buffett was still optimistic.

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