MarketFoolery: 05.02.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 May 2011
⏱️ 11 minutes
🧾️ Download transcript
Summary
What kind of long-term effect will Osama bin Laden’s death have on markets around the world? Our analysts discuss that question and tackle some Berkshire Hathaway-sized questions in the wake of the company's annual meeting. What industry would Warren Buffett invest in for the next 50 years? How does Buffett really feel about gold? And who will succeed Warren Buffett?
Transcript
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| 0:00.0 | This Monday, May 2nd, and this is Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Full Asset Management, Bill Mann, |
| 0:09.0 | from Duke Street, Rich Griefner, and from Motley Pool Inside Value Joe Meger. |
| 0:13.3 | Guys, good to see you. |
| 0:14.4 | We've got Berkshire Hathaway's annual meeting to dig into, but we will start with obviously |
| 0:20.3 | the big news of the day, which is the death of Osama bin Laden. |
| 0:24.2 | Wait, wait, what? |
| 0:25.2 | Yes, yeah. |
| 0:26.2 | If you, if you, if you, for those of you who may not have seen a newspaper turned on a TV, |
| 0:31.6 | turned on a radio. I think it's on Sesame Street today and ignored the internet |
| 0:36.0 | Bill Mann obviously this is a business show |
| 0:39.2 | I just want to get your thoughts on sort of what you think this means for investors. |
| 0:44.3 | You've traveled extensively, including the Middle East. |
| 0:47.3 | What are your thoughts? |
| 0:48.3 | Yeah, I think it probably means some. |
| 0:49.7 | It takes a little bit of the edges of the tail off the table. |
| 0:55.0 | Bin Laden was an organizer and he was also a guy who brought tremendous financial resources |
| 0:59.6 | to Al Qaeda. But other than that, Al Qaeda really has become a lot more irrelevant |
| 1:06.7 | in the Middle East over the last six months with the revolutions, the peaceful revolutions |
| 1:11.0 | in Egypt, in Tunisia, all of these, all the countries where really |
| 1:17.3 | changes coming in a way that Al Qaeda did not |
| 1:25.0 | the only crazy guy in the world and so I don't know that it lowers our you know the risk of terrorism but it does take a big player off the table and so I think it's just |
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