Warren Buffett Interview

Here's a link to an interview Becky Quick of CNBC did with Warren Buffett today.  The video is about 10 minutes and covers his view on the current economy, what he was doing the weekend that Lehman Brothers failed, and what key economic indicators he looks at to determine the health of the economy.

 A couple interesting points I got from the interview were as follows:

1.  Becky asked him what he looked at to determine how the economy was doing.  He responded that he looks at the daily results of a lot of the businesses that Berkshire owns.  He also looks at the Fed's balance sheet, etc.  When Becky followed up and asked him what one report he would want to get if he were stranded on a desert island and had to gauge the economy.  I thought he gave an insightful answer.  He said train freight car loadings and truck tonnage moved.  That's pretty interesting.  I guess that gives him a good understanding of how much goods are getting sold/produced at any given time.

2.  He also spoke about the economy.  He basically said things had leveled out, but there had been no bounce.  He seemed to be somewhat lukewarm on his answer.  He felt things were much better than a year ago, but not back to normal.

I always enjoy hearing Buffett's take on financial matters.  If you want to watch the full interview, here is the link.

 http://www.cnbc.com/id/32873440/