Warren Buffett & Charlie Munger: A Wealth of Wisdom

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 6 July 2021

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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. Hear archival footage of Buffett through the ages: from the 1960s, the early 2000s, and just last month. Buffett and Munger reminisce on how Berkshire got into the insurance business, how the two became friends, and how their earliest failures taught them lessons that they still live by, 70 years later. Plus, in a conversation exclusive to this podcast, Becky Quick reflects on nearly 15 years of covering Berkshire Hathaway and its architects. 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	This is
0:03.2	Charlie's Mike, and this is Warren's Mike. Warren's Mike.
0:06.2	This is Squawk Pod. I'm the NBC producer Katie Kramer.
0:09.3	Today kicking off a wealth of wisdom, our four-part series with Warren Buffett.
0:14.0	Hi!
0:16.0	Becky Quick sits down with the Oracle of Omaha, going on 91 years young and still building a
0:21.3	100 billion billion fortune.
0:23.3	But we did start with three failures.
0:25.8	And his longtime partner in profit, Charlie Munger.
0:28.6	I just know instantly.
0:30.1	Charlie was the kind of guy that I was going to like and I was going to learn from.
0:34.0	How they met, how they do business, what's changed, and what hasn't in their 60 years of friendship.
0:40.0	What I like about Warren is the irreverence? We don't have automatic
0:44.3	reverence for the pompous heads of all civilization. Treat Warren like you treat any
0:49.6	90-year-old. I was 35 at the time and it worked very well. We had a good relationship.
0:56.0	Plus the wisdom in Buffett's wealth.
0:58.0	I've never borrowed a dollar and I wasn't sure I was going to pay back one way or another.
1:02.0	And Becky Quick reflects on covering the Berkeley. I wasn't sure I was going to pay back one way or another.
1:02.8	And Becky Quick reflects on covering the Berkshire billionaire.
1:06.2	And he was telling stories just about some of the deals he and Charlie had done in different things
1:10.4	and I thought, wow, you know, you're better off if you just shut up and
1:13.1	listen to them it's Tuesday July 6th 2021 squawk pod begins right after this This is Squawk Pod from CNBC. Today and for the rest of this week we're bringing you an
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