The talk overall was quite interesting. Warren Buffett kept things light with his usual manner of funny and logical humour. His honest answers is one of the many reasons people admire him so much. For example, a woman in the audience asked what industry will be good to be in in future and Bill Gates named a few (IT, Healthcare, Energy…). But Warren said that she should do what she’s passionate about and what she cares about and not what the sectors are going to do well in future, as she’ll most probably do very well and she’ll be happier if she does what she’s passionate about.

The video illustrates the relationship between the home-owners, banks, brokers, hedge funds, CDO’s, investment bankers, prime mortgages, sub-prime mortgages etc. and makes it easy for anybody to understand.

With all the government bailouts I was surprised to hear that the possible M3 (simple definition here), which the Fed stopped reporting. It is reported to be increasing to around 10% per month. That’s going to be quite a bit of inflation heading our way.

Marc Faber has some very interesting things to say, as always, and I’ve enjoyed the videos — especially part 2.

Part 1

Part 2

Peter Schiff is an American economic commentator, author and licensed stock broker who currently serves as president of Euro Pacific Capital Inc., a fully accredited brokerage firm based in Darien, Connecticut. Schiff was an economic adviser to Ron Paul‘s 2008 presidential campaign. Schiff is also a supporter of the Austrian School of Economics, along with Mark Faber.

This is an informative and in-depth video where Dr Faber goes into great detail in a varitety of economic subjects. Highly recommended video.

Part 1:

Part 2:

Part 3: