Squawk Pod Reports: Berkshire Hathaway's Charlie Munger 2/16/23

Squawk Pod

CNBC

Business, News, Investing, Business News

4.2 • 543 Ratings

🗓️ 17 February 2023

⏱️ 131 minutes

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Summary

Charlie Munger, a shareholder and board member for The Daily Journal, spoke at the newspaper’s virtual annual meeting on Wednesday. The meeting featured a Q&A moderated by Becky Quick that featured a wide range of topics, from market volatility, his favorite stocks of all time, the Federal Reserve’s rate hikes, to cryptocurrencies and investing in China. 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	He's Squawk Pod listeners. I'm CNVC producer Cameron Costa and this is the full audio of Berkshire
0:10.9	Hathaway Vice-Ther Charlie Munger at the virtual annual meeting of the
0:15.4	Daily Journal where he serves as a shareholder and a board member.
0:19.8	Enjoy. Welcome, everyone.
0:23.0	We got a great number of questions that came in,
0:26.0	and I've tried to sort through as many as I could.
0:28.0	We'll go through as many of these questions as we can
0:31.0	during the session, but first of all Charlie thank you for
0:33.7	taking the time today the first question that we have comes from Ryan Fusaro and
0:38.9	his question is related to journal technologies he says can you give an update on the company's new
0:43.9	CEO, Stephen Myhill Jones? He was appointed as interim CEO nearly one year ago. How is he performing
0:50.8	and when will a decision be made on selecting a permanent CEO?
0:54.7	Well, the answer is Steve chose his own titles coming in and will change whenever he
1:02.1	wants to change it.
1:03.0	How's that?
1:05.0	That sounds fair enough?
1:06.0	Yeah.
1:08.0	Stephen?
1:10.0	You know, I'll say that when we were in discussions a year ago, I told Charlie that I was committed
1:15.9	to ensure the success of the business, but that I wasn't sure I would be the right long-term
1:19.8	CEO.
1:21.2	And I had incomplete information at the time and I thought it was important that I have the
	...

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