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Warren Buffett hinted that Berkshire Hathaway was evaluating a possible investment opportunity north of the border. “We do not feel uncomfortable in any way shape or form putting our money into Canada. In fact, we’re actually looking at one thing now,” Buffett said. Watch the 2024 Berkshire Hathaway annual...

846,554 views • 2 years ago •via X (Twitter)

10 Comments

AlmanacSun, Defend the Constitution's profile picture
AlmanacSun, Defend the Constitution2 years ago

Hopefully he’s buying the whole godforsaken country.

Driven Sports's profile picture
Driven Sports2 years ago

It’s got to be energy (oil or nuclear) or Canadian Pacific Railway. What else is big enough?

Irrational Logic's profile picture
Irrational Logic2 years ago

One house in Vancouver

Flowseidon's profile picture
Flowseidon2 years ago

Saw some interesting flow in $CP a couple days ago. 🤔

John Tuld's profile picture
John Tuld2 years ago

Warren loves dictatorship.

Josh Young's profile picture
Josh Young2 years ago

👀

Bill Harris 🇨🇦's profile picture
Bill Harris 🇨🇦2 years ago

$TD is in trouble with regulators, and I suspect Warren and Greg will pounce.

Mark G's profile picture
Mark G2 years ago

Since he’s an oil bull with his oxy I will say possibly back into Suncor or possibly a bucket of mid caps such as $bte $bte.to $sgy.to $tve.to $lcx.v $ath.to

dean's profile picture
dean2 years ago

ENB?

Don Wharton's profile picture
Don Wharton2 years ago

$fairfax_financial would be something Buffet completely gets, the float from insurance And already a proven compounder. Hmmm Also $suncor, Buffett has an appetite for this great company And invested I think 10 years ago.. and he is opportunistic when big energy goes on sale!

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Warren Buffett bought a dying textile mill out of pure spite. It became a $1 TRILLION company. He still calls it the dumbest decision of his career. > In 1962 Buffett was running a small investment partnership called Buffett Partnership Ltd > He spotted Berkshire Hathaway a failing textile mill in Massachusetts. > Every time the mill closed a factory they bought back their own shares at a small premium. > Buffett kept buying shares and flipping them back for a tiny profit. > In 1964 CEO Seabury Stanton shook hands with Buffett and verbally agreed to buy his shares at $11.50 each. > When the written offer arrived it said $11.375 exactly 12.5 cents less than agreed. > Buffett wrote later that he felt "chiseled". > Instead of selling he went and bought every single share he could find. > By May 1965 Buffett Partnership had taken control of Berkshire Hathaway. > He fired Stanton on the spot. > He had just spent $14 MILLION buying a dying textile business out of pure spite. > For years it earned almost nothing. > His partner Charlie Munger told him from day one it was a catastrophic mistake. > Buffett ignored him, then he started using Berkshire as a shell to buy insurance companies and invest the premiums. > That single pivot triggered entirely by anger over 12.5 CENTS built one of the greatest investment empires in history. > Berkshire Hathaway is now worth over $1 TRILLION. > It holds $325 BILLION in cash alone more than the GDP of most countries. > Buffett retired as CEO on December 31 2025 at age 95 after 60 years. > In a 2010 CNBC interview he called Berkshire "the dumbest stock I ever bought". > He estimated his anger over 12.5 cents cost him $200 BILLION in lost compounding. > His net worth today is $150 BILLION almost entirely from the company he bought out of spite. The most expensive argument in business history started with 12.5 cents.

Jeremy

46,370 views • 2 months ago

Warren Buffett and Charlie Munger were asked in 2008 why Berkshire Hathaway wasn't investing in India A 12-year-old named Sabrina Chug stood up at the Berkshire annual meeting and made the case: India represents 17% of the world's population. Its economy had been growing at 7-8% per year. At that pace, she argued, India's total GDP would surpass the United States by 2043. Buffett's answer was revealing. He didn't dismiss India. In fact, he shared that Berkshire's Iscar business was already performing well there, and that he had agreed to visit the country the following March to explore expanding it further. "We do not rule out India, believe me, in looking at either direct investments or marketable securities." But then he named the structural constraint that had kept Berkshire on the sidelines: India's insurance regulations severely limited what a foreign-owned company could own and operate. "I really hate to take some of our managerial talent and put them to work for something we only own 25% of. I'd rather have them working on something we own 100% of." This is a window into how Buffett thinks about market entry. Fast growth alone is not enough. You need the legal and structural conditions that allow you to deploy capital in the way you actually operate, at full ownership, with your best people running the business. Charlie Munger went further. He traced India's investment constraints not to economics, but to governance: "Its governments tend to have a fair amount of paralysis. Endless due process, endless objection, zoning is hard, planning permissions are hard." He noted that Lee Kuan Yew, the founder of modern Singapore, had argued China would outpace India for exactly this reason. Less bureaucratic friction meant faster compounding of capital and infrastructure. But Buffett pushed back on the idea that current conditions are permanent: "If you looked at China 40 years ago you wouldn't have dreamt of what would happen. Countries do learn from each other and they should. I don't think I would feel that any impediment to growth that existed now are necessarily ones that have to be permanent." That nuance matters to long-term investors. Buffett wasn't writing India off. He was saying the opportunity wasn't yet structured in a way that fit Berkshire's model. And he was leaving the door open for that to change. His final line said everything: "People in India are going to be living a lot better 20 years from now than they are now." Source: 2010 Berkshire Hathaway Annual Shareholders Meeting

Black Edge

17,139 views • 10 days ago