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CNBC's "Fast Money"

CNBC Pro Talks: How to profit from Warren Buffett's methods in investing and life 5/3/24

CNBC's "Fast Money"

CNBC

Investing, News, Business

3.9 • 1.3K Ratings

🗓️ 3 May 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

How can investors use the timeless investing strategies and sage teachings of the iconic Warren Buffett to make their own investing decisions? What does the portfolio of Berkshire-owned companies and stocks say about your own portfolio? CNBC Pro goes on a deep dive of all things Buffett with a longtime Berkshire shareholder and follower. CNBC’s Dominic Chu interviews Berkshire investor Bill Stone, the CIO at Glenview Trust Company, in this special CNBC Pro Talk ahead of the 2024 Berkshire annual shareholders meeting. CNBC Pro’s Yun Li also joins to preview Berkshire’s annual meeting and what investors can expect from the Oracle of Omaha. CNBC Pro Talks features one-on-one interviews with Wall Street’s top investors, smartest traders and rising stars. CNBC’s Dominic Chu finds out what makes them tick, what makes them money, and how you can follow in their footsteps. CNBC Pro Talks is a monthly interview series that’s part of CNBC’s premium subscription service, CNBC Pro. To hear the full Pro Talk interview—including specific stock picks and investment strategies—listeners can subscribe to [cnbc.com/protalks]. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

This is C.N.C. Pro Talks, where we go one-on-one with Wall Street's top investors,

0:06.2

smartest traders, and rising stars. We find out what makes them tick, what makes them money,

0:11.3

and how you can follow in their footsteps.

0:14.0

Welcome to see NBC Pro Talks.

0:20.0

Now we are releasing this podcast and video just days before the 2024 Berkshire Hathaway annual

0:26.8

shareholder meeting. So what better time to talk to longtime follower of Warren Buffett

0:32.4

and longtime Berkshire shareholder.

0:35.1

Our next guest today is Bill Stone,

0:37.8

the chief investment officer of the Glenview Trust Company.

0:41.0

We're also joined in person no less by CMBC Proze Eun Lee, who is our resident

0:46.4

Buffett and Berkshire expert as well. So thanks to both of you guys for being here with us

0:50.4

for this portion of this. Bill, Eun and I are here, you're out there remote for us right now.

0:58.0

I wonder if we could kick off this whole conversation

1:00.0

with a little bit about you and your background.

1:03.0

I remember talking to you for the first time

1:06.0

way back when you were still at PNC,

1:08.0

so take us through your career

1:10.0

and what's gotten you to hear at this point right now at Glenview?

1:14.0

Well, it's kind of crazy. I grew up in Ohio to parents who are both, are both very smart

1:21.9

and educated, but literally did nothing with stocks and the stock market.

1:27.0

I was, was, and maybe some that know me would argue, still him a geek and used to read a lot because my mom was an

1:35.1

English teacher and kind of instilled that in me, stumbled across investing

...

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