{"id":19930,"date":"2023-07-26T23:56:00","date_gmt":"2023-07-26T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/us\/?p=19930"},"modified":"2026-04-02T13:47:19","modified_gmt":"2026-04-02T05:47:19","slug":"buffetts-first-tv-interview","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/","title":{"rendered":"Buffett&#8217;s first TV interview"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#The_Importance_of_This_TV_Interview\" >The Importance of This TV Interview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#The_host_is_famous\" >The host is famous<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#The_links\" >The links<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Highlights_of_the_interview\" >Highlights of the interview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Number_one_rule\" >Number one rule<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#The_most_important_qualities_for_an_investment_manager\" >The most important qualities for an investment manager<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#What_mistake_do_most_investors_make\" >What mistake do most investors make?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#On_checking_stock_prices\" >On checking stock prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Omaha_vs_Wall_Street\" >Omaha vs. Wall Street<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Not_owning_technology_stocks\" >Not owning technology stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Missing_market_trends\" >Missing market trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Waiting_for_the_right_pitch\" >Waiting for the right pitch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Market_Timing\" >Market Timing<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/#Related_articles\" >Related articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Importance_of_This_TV_Interview\"><\/span>The Importance of This TV Interview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>I recently re-watched one of my favorite Buffett interviews on PBS television, a 7-minute interview from 1985, but it&#8217;s very important:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buffett&#8217;s first public TV interview<\/li>\n\n\n\n<li>The content is very solid and exciting; it is the basic concept that all stock market investors need to understand<\/li>\n\n\n\n<li>Buffett&#8217;s interview content adopts his usual style, vernacular, easy to understand, short; thought-provoking<\/li>\n\n\n\n<li>Although it was an interview forty years ago, the content discussed is not out of touch with the times at all<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_host_is_famous\"><\/span>The host is famous<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Directed in 1985 by host <a href=\"https:\/\/www.nytimes.com\/2014\/01\/04\/business\/george-goodman-who-demystified-the-world-of-money-dies-at-83.html\" target=\"_blank\" rel=\"noreferrer noopener\">George Goodman<\/a>, who helped found one of Wall Street&#8217;s premier investment magazines, <em><a href=\"https:\/\/en.wikipedia.org\/wiki\/Institutional_investor\" target=\"_blank\" rel=\"noreferrer noopener\">Institutional Investor<\/a><\/em>, and wrote a book under the pseudonym Adam Smith. The investment book &#8220;<a href=\"https:\/\/www.amazon.com\/Money-Game-Adam-Smith\/dp\/0394721039\" target=\"_blank\" rel=\"noreferrer noopener\">The Money Game<\/a>&#8221; recommended by Ben Buffett. Goodman writes about his first encounters with Graham and Buffett in his book &#8220;<a href=\"https:\/\/www.amazon.com\/Supermoney-Adam-Smith\/dp\/0471786314\" target=\"_blank\" rel=\"noreferrer noopener\">Supermoney<\/a>&#8221; That was in 1970, shortly after The Money Game was published. Goodman received a letter from Graham&#8217;s summer home in France.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_links\"><\/span>The links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The following are related web link addresses, please click directly:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"http:\/\/video.sina.com.cn\/p\/finance\/2023-05-03\/detail-imysniyv7338425.d.html\" target=\"_blank\" rel=\"noreferrer noopener\">video link<\/a> has simultaneous Chinese and English subtitles.<\/li>\n\n\n\n<li>Verbatim transcript of the video, in both <a href=\"https:\/\/xueqiu.com\/1182250507\/206477355\" target=\"_blank\" rel=\"noreferrer noopener\">Chinese <\/a>and <a href=\"https:\/\/biz.crast.net\/warren-buffett-shared-timeless-investing-wisdom-in-his-first-national-tv-interview-nearly-40-years-ago-here-are-the-9-best-quotes\/\" target=\"_blank\" rel=\"noreferrer noopener\">English<\/a>.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highlights_of_the_interview\"><\/span>Highlights of the interview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Number_one_rule\"><\/span>Number one rule<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cThe first rule of investing is don\u2019t lose. And the second rule of investing is don\u2019t forget the first rule. And that\u2019s all the rules are. If you buy things at a price far below their value, and you buy a bunch of them, You basically don\u2019t lose money.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_most_important_qualities_for_an_investment_manager\"><\/span>The most important qualities for an investment manager<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cIt\u2019s a temperamental quality, not an intellectual quality. You don\u2019t need a ton of IQ in this business. I mean, you have to have enough IQ to get from here to downtown Omaha, but you don\u2019t have to be able to play Be in the top league in terms of three-dimensional chess or bridge playing or something similar. You need a stable personality. You need a temperament that neither gets much pleasure from being with the crowd nor from being against the crowd. Gets it because it\u2019s not a business where you vote. It\u2019s a business where you think.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_mistake_do_most_investors_make\"><\/span>What mistake do most investors make?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cThey don\u2019t really think of themselves as owning part of a business. The real test of whether you\u2019re investing from a value standpoint is whether you care whether the stock market opens tomorrow or not. If you are earning well investing in a security, they should not be worried if the stock market is closed for five years.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"On_checking_stock_prices\"><\/span>On checking stock prices<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cAll the tickers tell me is the price. And I can look at the price sometimes to see if the price is extremely cheap or very high, but the prices tell me nothing about a business. The business figures themselves tell me about a business. tells me something about a stock, but the price of a stock doesn\u2019t tell me anything about a business. I would prefer to value a stock or business first, and not even know the price, so that I can go by the price when establishing my valuation. Don\u2019t be impressed and then look at the price later and see if it doesn\u2019t fit my price.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Omaha_vs_Wall_Street\"><\/span> Omaha vs. Wall Street<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>NEBRASKA: \u201cWell, believe it or not, we get the mail here and we get the magazines and we get all the facts we need to make a decision. And unlike Wall Street, you\u2019ll notice we don\u2019t have 50 people come in and Whisper into our ear that we should do this or that this afternoon.\u201d<\/p>\n\n\n\n<p>New York: \u201cIf I were on Wall Street I would probably be very poor. On Wall Street you get overly excited. And you hear a lot of things, and you can narrow your attention and a narrow focus is conducive to long term profits.\u201d Not there. \u201c<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Not_owning_technology_stocks\"><\/span>Not owning technology stocks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cI really haven\u2019t [ever bought a technology company], I didn\u2019t understand any of them. Never owned IBM. Amazing company, I mean a sensational company, but I don\u2019t own IBM.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Missing_market_trends\"><\/span>Missing market trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cI don\u2019t need to make money in every game. I mean, I don\u2019t know what the cocoa beans are going to do. There\u2019s all kinds of things I don\u2019t know about, and that could be very bad. But you You know, why should I know everything about it? I haven\u2019t worked that hard on it.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Waiting_for_the_right_pitch\"><\/span>Waiting for the right pitch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cThere are no strikes in the business. The pitcher just stands there and throws balls at you\u2026 You don\u2019t have to swing at any of them. They can be wonderful pitches to swing at, but if You don\u2019t know enough, you don\u2019t have to swing. And you can sit there and watch thousands of pitches and eventually get one right where you wanted something that you understand, and then You swing.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Timing\"><\/span>Market Timing<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u201cIf I\u2019m being asked to participate in a business opportunity, will it make a difference to me whether I bought it on a Tuesday or a Saturday or an election year or something else? That\u2019s not what a businessman thinks about buying a business. So why think about it when buying stocks? Because stocks are just pieces of businesses.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>All stock market investors should not only read this interview carefully, but also listen and review it frequently. Because the content of the interview is the most basic principle of stock market investment, it will last forever and will not lose its value over time.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"195\" height=\"139\" src=\"https:\/\/www.granitefirm.com\/blog\/us\/wp-content\/uploads\/sites\/2\/2023\/05\/tv-1600x1200-1.jpg\" alt=\"TV interview\" class=\"wp-image-19931\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"block-9d402b81-75c9-41fa-9a2d-6be1252e074e\"><span class=\"ez-toc-section\" id=\"Related_articles\"><\/span>Related articles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/07\/26\/buffetts-first-tv-interview\/\">Buffett&#8217;s first TV interview<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2026\/04\/01\/2026-buffett-interview-cnbc\/\">2026 Buffett interview with CNBC Squawk<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/17\/buffett-squawk-box\/\">Full transcript of Buffett&#8217;s interview with CNBC&#8217;s Squawk Box<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/16\/warren-buffett-investor\/\"><\/a><a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/16\/warren-buffett-investor\/\">Primer&#8217;s book to know Buffett-&#8220;Warren Buffett: Investor and Entrepreneur&#8221;<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/02\/22\/berkshire-shareholder-letter\/\">Buffett&#8217;s 2025 Berkshire Shareholder Letter<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/02\/25\/2024-shareholder-letter\/\" target=\"_blank\" rel=\"noreferrer noopener\">Buffett&#8217;s 2024 Annual Shareholder Letter<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/02\/26\/2023-shareholder-letter\/\" target=\"_blank\" rel=\"noreferrer noopener\">Buffett&#8217;s 2023 Annual Shareholder Letter<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2024\/05\/05\/2024-berkshire-shareholders-meeting-transcript-and-video\/\" target=\"_blank\" rel=\"noreferrer noopener\">2024 Berkshire shareholders meeting transcript and video<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/05\/09\/shareholders-meeting\/\" target=\"_blank\" rel=\"noreferrer noopener\">2023 Berkshire shareholders meeting transcript and video<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/03\/06\/munger-daily-journals\/\">Key points from Munger Daily Journal\u2019s 10 years of shareholder meetings<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/02\/17\/charlie-munger-2023-djco\/\">Charlie Munger speaks at 2023 Daily Journal Shareholders Meeting<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/17\/buffett-squawk-box\/\">Full transcript of Buffett&#8217;s interview with CNBC&#8217;s Squawk Box<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2021\/11\/17\/outsiders\/\" target=\"_blank\" rel=\"noreferrer noopener\">Outsiders, one of the greatest investment books for managment team<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/12\/17\/dear-shareholder\/\">Dear Shareholder<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/05\/27\/benjamin-graham-on-value-investing-grahams-bio-book\/\">&#8220;Benjamin Graham on Value Investing&#8221;, Graham&#8217;s bio book<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/04\/07\/buffett-deserves-study\/\">Why Buffett deserves further study<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2022\/04\/27\/buffett-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">The commonalities of Buffett portfolio \u2013 cheap, fixed income, repurchase<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/09\/buffetts-acquisition-criteria\/\">Buffett&#8217;s Acquisition Criteria<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/27\/predictabe-buffetts\/\">Predictabe is Buffett&#8217;s favorite type of business to invest in<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/04\/21\/high-profit-companies\/\">How does Buffett select high-profit companies?<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2023\/03\/20\/long-term-investment\/\">How Buffett Structures His Long-Term Investment Portfolio<\/a>&#8220;<\/li>\n\n\n\n<li>&#8220;<a href=\"https:\/\/www.granitefirm.com\/blog\/us\/2025\/06\/24\/howard-marks-motley-fool\/\">Howard Marks interview with the Motley Fool<\/a>&#8220;<\/li>\n<\/ul>\n\n\n\n<p><em><strong>Disclaimer<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>The content of this site is the author\u2019s personal opinions and is for reference only. I am not responsible for the correctness, opinions, and immediacy of the content and information of the article. Readers must make their own judgments.<\/em><\/li>\n\n\n\n<li><em>I shall not be liable for any damages or other legal liabilities for the direct or indirect losses caused by the readers&#8217; direct or indirect reliance on and reference to the information on this site, or all the responsibilities arising therefrom, as a result of any investment behavior.<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I recently re-watched one of my favorite Buffett TV interview, the 1985 interview, which is only 7 minutes long but is very important<\/p>\n","protected":false},"author":1,"featured_media":19931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,50],"tags":[],"class_list":["post-19930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buffett","category-benjamin-graham"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/19930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/comments?post=19930"}],"version-history":[{"count":21,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/19930\/revisions"}],"predecessor-version":[{"id":41507,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/posts\/19930\/revisions\/41507"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media\/19931"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/media?parent=19930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/categories?post=19930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/us\/wp-json\/wp\/v2\/tags?post=19930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}