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Ask Warren Buffett - Complete CNBC Transcript - March 3, 2008

Ask Warren Buffett - Complete CNBC Transcript - March 3, 2008

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Published by CNBC
Warren Buffett, Chairman of Berkshire Hathaway, sat down with Becky Quick at the Nebraska Furniture Mart in Omaha for an unprecedented series of live appearances on CNBC’s Squawk Box program from 6a to 9a Eastern Time on Monday, March 3, 2008. Along with questions from Becky and the rest of the Squawk Box team, Buffett also responded to selected emails from CNBC viewers and CNBC.com users.
Warren Buffett, Chairman of Berkshire Hathaway, sat down with Becky Quick at the Nebraska Furniture Mart in Omaha for an unprecedented series of live appearances on CNBC’s Squawk Box program from 6a to 9a Eastern Time on Monday, March 3, 2008. Along with questions from Becky and the rest of the Squawk Box team, Buffett also responded to selected emails from CNBC viewers and CNBC.com users.

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Published by: CNBC on Jul 26, 2011
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05/12/2014

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BUFFETT: Yeah, we wouldn't--we haven't had two consecutive quarters of
GDP growth, but I will tell you that, on balance, most people's situation,
certainly their net worth has been heading south now for a considerable
period of time. And if you owned a house, and you had an 80 percent
mortgage on it, and so you had 20 percent equity a year ago, you might not
have any equity now. And millions of people are in positions somewhat
similar to that, and people would--people that own municipal bonds feel
poorer today than they did a few months ago.

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