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3min chapter
TIP484: How Warren Buffett Became the Greatest Investor to Ever Live (Part 2)
We Study Billionaires - The Investor’s Podcast Network
Buffett's Advice Around Choosing Your Career
After the tech bust in 9-11, the world entered a period of very low interest rates to help stimulate the economy. In his 2002 shareholder letter, Buffett called these CDOs toxic and were time bombs. He didn't know when or if it would happen, but he knew that these types of financial products or derivatives could lead to a major problem for the economy and the financial markets.
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