The Warren Buffett Scandal That Nearly Destroyed Wall Street
In 1991, Warren Buffett (CEO of Berkshire Hathaway) got caught up in a scandal that nearly destroyed his career. Salomon Brothers (of which Buffett was a director and major shareholder) had broken U.S. securities laws around trading of Treasury Bonds, but hid their wrongdoing from the Federal Reserve, the Treasury and the SEC. In the fallout that followed, Warren Buffett was almost faced with being the figurehead of an imploding Salomon, an event that would have tarnished his reputation forever. So, how did Buffett turn the situation around?
New Money Clips: https://www.youtube.com/channel/UC2SsZqmrOaiy-ZAnTjWdw4g
My Podcast: https://www.youtube.com/c/TheYoungInvestorsPodcast
★ ★ CONTENTS ★ ★
0:00 The Salomon Brothers Scandal
0:30 Buffett's Questionable Purchase of Salomon
1:20 The Salomon Treasury Bond Scandal
6:00 Buffett Steps Up As Chairman
8:49 The Most Important Call of Buffett's Life
10:53 Buffett Saves Salomon From Bankruptcy
Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative Number 1305795 of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from https://guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
Contact email: hello@newmoney.contact
Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands.
Видео The Warren Buffett Scandal That Nearly Destroyed Wall Street канала New Money
New Money Clips: https://www.youtube.com/channel/UC2SsZqmrOaiy-ZAnTjWdw4g
My Podcast: https://www.youtube.com/c/TheYoungInvestorsPodcast
★ ★ CONTENTS ★ ★
0:00 The Salomon Brothers Scandal
0:30 Buffett's Questionable Purchase of Salomon
1:20 The Salomon Treasury Bond Scandal
6:00 Buffett Steps Up As Chairman
8:49 The Most Important Call of Buffett's Life
10:53 Buffett Saves Salomon From Bankruptcy
Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative Number 1305795 of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from https://guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
Contact email: hello@newmoney.contact
Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands.
Видео The Warren Buffett Scandal That Nearly Destroyed Wall Street канала New Money
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