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2009 Annual Meeting

Berkshire's long-term derivatives will be profitable

Warren Buffett says that while he has been critical of excessively risky derivatives, he believes the contracts Berkshire sold during the credit crisis weren't reckless.

Sat, May 2 2009 • 9:00 AM EDT
More From 2009 Annual Meeting
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VIDEO05:40
2009 Annual Meeting Highlight Reel
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VIDEO02:40:55
Morning Session - 2009 Meeting
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VIDEO02:14:16
Afternoon Session - 2009 Meeting
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VIDEO01:30
Buffett and Munger on nationalized health care
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VIDEO02:02
Why hasn't Buffett brought in his successor?
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VIDEO02:51
"I'd only have two courses"
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VIDEO02:59
Derivatives are "a danger to the system"
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VIDEO03:14
Will Berkshire be competitive in the long term?
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VIDEO01:43
When does Berkshire sell its stocks?
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VIDEO02:04
Why GEICO spends big on advertising
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VIDEO02:27
How Americans' stupidity benefits Berkshire
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VIDEO02:41
Moody's wasn't alone in making mistakes
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VIDEO02:21
Buffett's three choices for balancing the housing market
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VIDEO01:32
"The best protection against inflation is your own earning power"
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VIDEO03:40
Buffett and Munger commend DC's credit crisis response