Squawk Pod Reports: Weekend with Warren Buffett Part 3 5/9/23

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 9 May 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Warren Buffett, Charlie Munger, and CNBC are at the annual Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska. At this year’s Woodstock (or Coachella) for capitalists, the investing legends answer shareholder questions about Elon Musk, and their accumulated wisdom in business and in life. Howard Buffett, philanthropist, author, farmer, and likely Berkshire’s next non-executive chairman after his father, discusses succession at the company, as well as his own devotion to mitigating food insecurity and conflict around the world. This special episode offers a look at the Buffett- and Munger-isms that make Berkshire, Berkshire. Plus, Becky Quick stops by the Berkshire subsidiaries on the exhibition floor at the annual meeting. In the midst of thousands of attendees and shoppers, she speaks with Dairy Queen CEO Troy Bader and See’s Candies CEO Pat Egan. In this episode: Alex Crippen, @alexcrippen Becky Quick, @BeckyQuick Michael Santoli, @michaelsantoli Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Hi, I'm C. NBC producer Katie Kramer, and this is part three of our Squawk Pond
0:08.4	reports special series, Weekend with Warren Buffett.
0:12.4	I thank you all very much for coming.
0:15.0	We are coming to you straight from Omaha, Nebraska at the Berkshire Hathaway annual shareholders meeting
0:20.0	where Warren Buffett and Charlie Munger share their decades of wisdom in investing and in life.
0:26.3	You should write your obituary and try and figure out how to live up to it.
0:30.3	Invest rudely and avoid toxic people and toxic activities.
0:35.0	Try and keep learning all your life, etc.
0:38.0	And all the companies that make up Berkshire's giant portfolio like Seize Candies.
0:43.4	I like to say that our job is we get to make people happy.
0:46.4	What makes Berkshire Hathaway?
0:48.1	Berkshire Hathaway, keeping the Warren Buffett culture
0:51.1	after successor Greg Abel takes over, we'll talk to Howard Buffett.
0:54.8	I think you're going to see Greg set an example quickly that nothing's changed at Berkshire.
1:01.2	A shareholders meeting, a festival, A Marathon TED Talk, and a party.
1:06.5	Do a little dance, make a little move, get down tonight.
1:09.7	We're bringing it all to you.
1:11.1	All good?
1:12.1	Whenever you're ready.
1:13.0	This is Squawk Pond Reports, weekend with Warren Buffett. The cash registers are right down here. The morning...
1:33.0	Let's stop right here.
1:35.0	Omaha, Nebraska.
	...

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