This is Squawk Pod. I'm the NBC producer Katie Kramer today on our podcast The Oracle of Omaha.

One minute. No, you're good to go. Good morning.

Warren Buffett and Charlie Munger answer investor questions at the annual Berkshire Hathaway

meeting.

You can tell that we like to talk so what could be better?

With our own Becky Quick as moderator.

This Berkshire Hathaway annual meeting is a really big deal.

I wore a mass, brought my hand sanitizer,

and dove right in.

The two investing legends explain unloading some of Berkshire's massive steak in Apple.

That was probably a mistake.

And back, Charlie, in his usual low-key way,

let me know that you thought it was a mistake too, didn't Charlie?

Yeah. Buffett defends his investments in Bigel. You thought it was a mistake too, didn't Charlie?

Buffett defends his investments in big oil.

It's a very tough time to decide what companies benefit society more than others.

I mean, I don't know whether, I think Chevron's benefit of society in all kinds of

ways but I do think that the world's moving away from them too and he and Munger weigh in on

the spack attack. Spacks have been working for a while and you see a famous name on it you can you can sell almost anything

It's an exaggerated version of what we've seen in in kind of gambling done type market

They're buying it because the advisor gets a fee.

And of course, the more of that you get, the sillier your civilization is getting.

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