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1999 Annual Meeting

Buffett on the risks LTCM's management took

Warren Buffett says it's "fascinating" to him that smart and experienced people could lose so much money by making risky investments in derivatives.

Mon, May 3 1999 • 9:00 AM EDT
More From 1999 Annual Meeting
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VIDEO06:22
1999 Annual Meeting Highlight Reel
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VIDEO02:34:03
Morning Session - 1999 Meeting
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VIDEO02:41:11
Afternoon Session - 1999 Meeting
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VIDEO03:04
How will the internet impact business?
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VIDEO01:57
Why hasn’t Buffett invested in communications?
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VIDEO01:50
"The money makes no difference after a moderate level"
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VIDEO02:03
Successors "would be ready to run Berkshire tomorrow morning"
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VIDEO01:06
Buffett wants shareholders who are "in sync" with Berkshire
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VIDEO02:24
Buffett's long-distance rescue bid for Long-Term Capital Management
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VIDEO01:48
Buffett on stock options as compensation
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VIDEO03:14
Benefits of buying General Re won't be felt "in the short term"
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VIDEO02:49
"We look at change as a threat"
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VIDEO03:16
"I don't have to bet" on technology companies
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VIDEO02:41
Efficient market theory is "silly"
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VIDEO02:43
Buffett's advice on making big money