meta_pixel
Tapesearch Logo
Log in
Squawk Pod

REFRESH: Warren Buffett & Charlie Munger: Thinking Like An Oracle (part 4)

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2543 Ratings

🗓️ 30 December 2021

⏱️ 37 minutes

🧾️ Download transcript

Summary

In the final episode in Squawk Pod’s special series on the wealth and wisdom of the leaders behind Berkshire Hathaway, Warren Buffett and Charlie Munger share their combined 187 years of wisdom, both in life and in finance. The two consider history’s patterns, from fiscal stimulus to global pandemic, and offer perspective on today’s economic and social problems. Buffett and Munger discuss wealth’s impact on character, both for individuals getting rich, and America, growing ever more prosperous. Reflecting on their years together, Buffett, Munger, and Becky Quick discuss what it takes to make magic, and what living a successful life really means. 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 on America (video clips available): https://buffett.cnbc.com/2018/07/02/buffett-on-america.html Warren Buffett’s not-very-active Twitter @warrenbuffett Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Squawk Box, @squawkcnbc

Transcript

Click on a timestamp to play from that location

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. C. C. A.

0:10.0

Today, the final episode of A Wealth of Wisdom, our four-part series with Warren Buffett.

0:15.0

Hi!

0:17.0

Becky Quick sits down with the Oracle of Omaha after one heck of a year.

0:21.0

I learned that people don't know as much as they think they know, but the biggest thing you

0:24.9

learn is that the pandemic was bound to occur and this isn't the worst one that's

0:30.1

imaginable at all.

0:31.7

What Buffett and partner Charlie Munger learned in their oh about

0:34.8

six or seven decades watching the economy. One of the interesting things about the

0:39.4

system though is you can't take all the art chip out whether it won't work.

0:44.0

Wealth, work, and staying humble, billionaire or not.

0:48.0

Wealth doesn't change people, makes them more solid,

0:50.0

if they're jerks to start with they can be bigger jerks.

0:53.0

Outspoken and honest, the 91 and 97 year old Berkshire best friends talk stimulus,

0:58.7

the pandemic, and the wisdom of age.

1:01.0

I will confidently break. The millennials are going to have a much harder time

1:06.2

getting rich than our generation did. Plus only in this podcast Becky Quack on

1:11.3

what she's learned from Warren Buffett.

1:13.2

It's not a complicated lesson. You should surround yourself by people who inspire you and people you don't want to

1:19.4

disappoint because that's that's what it's all about right just making sure that we're all our best

1:24.7

selves and the world's most famous investor on his longest lasting call.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.