In an interview with the BBC’s Evan Davis, which will be broadcast tonight at 9pm, Buffet says he expects a credit crunch, part II: “We will do foolish things again – that’s human nature. Even smart people do foolish things… The government won’t learn from this.”
When asked about the brutal public reaction to former RBS chief executive Fred Goodwin, Buffet says: “It’s infuriating for people to see their friends losing their jobs, losing their homes. And yet nobody is going to jail. In fact, a lot of the culprits are walking off with tons of money – with preferential tax terms."
The chief executive of Berkshire Hathaway – ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62bn last year – puts his success down to luck: “As my friend Bill Gates says, if I was born in a different time or a different place, I’d be an animal’s lunch. I’m lucky – and I believe a fair amount of that luck should be shared.”
Watch the interview clip here.