It's hard to be hopeful. Turmoil in the financial markets is spreading geographically and psychologically. The Dow closed down 508 points today. At last week's Fortune Most Powerful Women Summit, we heard plenty about stress and sleep deprivation -- starting with Warren Buffett's comments on a clearly exhausted Treasury Secretary Hank Paulson. Sallie Krawcheck, who is leaving her high-level post at Citigroup (C), and Barclays Capital (BCS) vice chairman Barbara Byrne MOREJessica Shambora, Writer-Reporter - Oct 7, 2008 7:22 PM ET
"People go crazy occasionally. We don't get smarter when it comes to emotion. That's what got us into this mess."
-- Warren Buffett last Thursday at the Fortune Most Powerful Women Summit. The Berkshire Hathaway (BRK.B) CEO was explaining the root of the turmoil in the global financial markets: "Virtually every American...came to believe that home prices could do nothing but go up." Buffett went on to note that U.S. housing MOREPatricia Sellers - Oct 6, 2008 8:16 PM ET
Featuring Warren Buffett and beyond, there's a wealth, so to speak, of video from last week's Fortune Most Powerful Women Summit. Especially now, with the markets in turmoil, these video segments are worth checking out. There's Buffett on the $700 billion bailout. Buffett on why he expects to make a hefty profit on his recent $3 billion investment in General Electric (GE), and Buffett on gender equality (wise and amusing MOREPatricia Sellers - Oct 6, 2008 2:11 PM ET
What a wrapup this morning at the Fortune Most Powerful Women Summit. I interviewed Melinda Gates -- with Warren Buffett watching from the front row. Buffett was flanked by his daughter, Susie, and his daughter-in-law, Jennifer, both of whom are powerful philanthropists in their own right.
It was fascinating to have Melinda Gates talk about her heady missions -- find an AIDS vaccine, eradicate malaria, reform U.S. education, bring a Green Revolution to Africa MOREPatricia Sellers - Oct 3, 2008 5:25 PM ET
"I think we've got fabulous capital markets in this country, and they get screwed up often enough to make them even more fabulous. I mean, you don't want a capital market that functions perfectly if you're in my business. "
--Warren Buffett, CEO of Berkshire Hathaway (BERK) and billionaire investor, to Fortune's Nicholas Varchaver in his cover story, "What Warren Thinks..." On Tuesday Goldman Sachs (GS) announced that it will receive MOREJessica Shambora, Writer-Reporter - Sep 24, 2008 7:22 PM ET
|Where your donation dollars go|
|McDonald's gives Charles Ramsey free food for a year|
|Hedge fund guru says moms and trading don't mix|
|Doomsday investors betting on market crash|
|The 'chicken poop' credit and other bad tax breaks|