Warren Buffett & Charlie Munger: Taking the High Road

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 7 July 2021

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

In part two of a special series of Squawk Pod episodes, Berkshire Hathaway CEO Warren Buffett and Vice Chairman and long-time partner Charlie Munger recount their humble origins at a Nebraska grocery store, tracing their nearly 70-year-long journey through their worst trades and best influences. The two discuss Berkshire Hathaway succession plans and the links between being the bigger person and making the bigger profit in conversations with CNBC’s Becky Quick spanning the last 15 years. In reflections exclusive to this podcast, Becky Quick discusses the “Buffett-Munger magic” and the duo’s secrets to building a full life as well as a full portfolio. 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
0:05.0	C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C. C.
0:10.0	Today, part two of a wealth of Wisdom, Our Special Series with Warren Buffett.
0:14.3	Hi!
0:16.0	Becky Quick sits down with the Oracle of Omaha,
0:18.5	almost 91 years old, with many insights to share,
0:21.6	profit, and personal.
0:23.4	You really want people to ride you
0:25.1	that are better than you are,
0:26.3	and you'll move in that direction.
0:28.0	One of those, his partner of nearly 60 years
0:30.6	Charlie Munger, the Buffett Munger magic.
0:33.8	The way to get a good partner was to be a good partner.
0:36.9	These are very old-fashioned ideas.
0:39.4	And they just worked so fabulously well, and they work so well at Berkshire.
0:43.0	And with a succession plan publicly in place, how Berkshire hopes to maintain that culture.
0:48.0	We always know both of us that there was more money on the high road than there was on the low road.
0:53.0	Trasing their roots back to a small town Nebraska grocery store.
0:56.7	That was the last time I did any real work actually.
0:59.4	And staying smart, savvy, and successful for all these years.
1:03.0	I always behaved like it was 100 years old when I was young.
1:06.0	You know, time is the old one of limited assets.
	...

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