TIP141: (Part II) Warren Buffett and Charlie Munger at the Berkshire Hathaway Shareholders Meeting 2017 - (Business Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 3 June 2017
⏱️ 53 minutes
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Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:02.6 | Hey, how's everybody doing out there? |
| 0:04.3 | So this is our second part interview of the Berkshire halfway shareholders meeting |
| 0:08.6 | Just so everyone understands how this happened. So whenever you're out in Omaha the meetings on a Saturday and |
| 0:14.5 | On that Saturday you show up really ridiculously early. I want to say you know some of us arrive slightly before five o'clock in the morning |
| 0:22.1 | just so we can get a good seat and |
| 0:25.0 | So you wait in line you get into the stadium this called the century link and in the century |
| 0:30.0 | Link there's 40,000 people that show up for this thing and then you sit around and you listen to Warren Buffett and Charlie |
| 0:36.0 | Munger answer a bunch of questions all morning and afternoon |
| 0:39.5 | So they usually start at nine o'clock and they'll go to a lunch time and so the questions that we played last week |
| 0:45.6 | We're the questions from that first section that happened between nine o'clock and lunchtime |
| 0:50.9 | Then everyone goes and they take a quick break to eat lunch |
| 0:54.2 | They come back at one o'clock and then they answer questions for another two hours until three |
| 0:59.4 | PM in the afternoon |
| 1:00.6 | So these two when you think about their age there you know Buffett's in his eighties mungers in his nineties and they're doing this for a just |
| 1:07.8 | countless amount of time. I couldn't imagine what it feels like for them to the answering this many questions |
| 1:12.9 | But today's episode this is our second part interview of the Berkshire halfway shareholders meeting |
| 1:18.0 | We're going to be playing questions that happened from one o'clock till three p.m |
| 1:21.8 | And we're just playing the questions that we think were the best and then we're going to be providing our feedback |
| 1:26.7 | So we're looking forward to doing this |
| 1:28.7 | In this episode Warren Buffett would talk to us about how he thinks artificial intelligence would change Berkshire's business |
| 1:36.3 | We'll also hear from Charlie Munger while he's thinking that they would never ever have bought precision cospad just 10 years ago |
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