Skip Navigation
Warren Buffett Archive
cnbcCNBC.com
  • Annual Meetings
  • CNBC Interviews
  • Buffett A-Z
  • Timeline
  • Documentary
  • About
2011 Annual Meeting

"Don't ask the barber whether you need a haircut"

Warren Buffett and Charlie Munger explain why they don't put much faith in economic projections, especially when they come from investment bankers.

Sat, Apr 30 2011 • 1:00 PM EDT
More From 2011 Annual Meeting
watch now
VIDEO00:00
2011 Annual Meeting Highlight Reel
watch now
VIDEO00:00
Morning Session - 2011 Meeting
watch now
VIDEO00:00
Afternoon Session - 2011 Meeting
watch now
VIDEO02:00
"We have a system that works magnificently"
watch now
VIDEO02:27
"The power of capitalism is incredible"
watch now
VIDEO02:53
How did Buffett grow his business?
watch now
VIDEO01:08
Buffett and Munger on their preferred legacies
watch now
VIDEO01:58
Buffett on the weak U.S. dollar
watch now
VIDEO01:32
Why Berkshire will need an independent chairman
watch now
VIDEO00:54
"It's going to be a huge field"
watch now
VIDEO06:04
A big cube of gold
watch now
VIDEO02:21
"Generally, we have followed the right policies"
watch now
VIDEO02:14
Munger on "taking an ax to our financial sector"
watch now
VIDEO04:12
Buffett discusses David Sokol's resignation
watch now
VIDEO04:26
Buffett on how Sokol once gave up millions for a colleague