REFRESH: Warren Buffett & Charlie Munger: A Wealth of Wisdom (part 1)

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 27 December 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the first of a special series of Squawk Pod episodes, Warren Buffett and Charlie Munger speak with CNBC’s Becky Quick about their 60 years of friendship and their journey building Berkshire Hathaway. In this special, refreshed episode, hear archival audio of Buffett through history: from the 1960s, the early 2000s, and pandemic-era America. Buffett and Munger recall their earliest days in the insurance business, how the two became friends, and how failure taught them lessons that they still live by, 70 years later. Plus, in a conversation exclusive to Squawk Pod, Becky reflects on 15 years of covering the wealth and wisdom of Warren Buffett on Squawk Box. Warren Buffett Archive: https://buffett.cnbc.com/warren-buffett-archive/ Berkshire Hathaway Portfolio Tracker: https://www.cnbc.com/berkshire-hathaway-portfolio/ Sign up for CNBC’s Warren Buffett Newsletter: https://buffett.cnbc.com/2018/08/15/warren-watch.html Warren Buffett’s not-very-active Twitter @warrenbuffett Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Squawk Box, @squawkcnbc

Transcript

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0:00.0	This is
0:05.0	C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C.
0:07.0	Today, we are revisiting a wealth of wisdom, our four-part 2021 series with Warren Buffett.
0:16.4	Bekie Quick sits down with the Oracle of Omaha, 91 years young,
0:21.9	and still building a $100 billion fortune.
0:25.0	But we did start with three failures.
0:27.0	And his longtime partner in profit, Charlie Munger.
0:30.0	I just know instantly, Charlie was the kind of guy that I was going to like and I was going to learn from.
0:36.2	How they met, how they do business, what's changed, and what hasn't in their 60 years of friendship.
0:41.6	What I like about Warren is the irreverence.
0:45.0	We don't have automatic reverence for the pompous heads of all civilizations.
0:49.0	Treat Warren like you treat any 90 year old.
0:52.0	I was 35 at the time and it works very well. We had a good relationship.
0:58.0	Plus the wisdom in Buffett's wealth. I've never borrowed a dollar. I wasn't sure I was going to pay back one way or another.
1:04.0	And Becky Quick reflects on covering the Berkshire billionaire.
1:08.0	And he was telling stories just about some of the deals he and Charlie had done in different things and I thought,
1:12.5	wow, you know, you're better off if you just shut up and listen to them.
1:16.2	Squawk Pod begins CNBC. Today and for the rest of this week we're bringing you an
1:31.4	unscripted intimate conversation with Our Becky Quick and about
1:35.4	190 years of business wisdom, Warren Buffett and Charlie Munger. The two Nebraska
1:40.5	natives have been friends for more than six decades and business partners for more
1:45.2	than five.
	...

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