Warren Buffett CNBC Interview – Warren Buffett is on CNBC this morning from 6am-9AM EST. Warren Buffett released his letter to shareholders this past Saturday, you can find the full letter here. We will be updating this post all morning when CNBC releases new clips, so come back for more.

warren buffett cnbc interview

Warren Buffett, Berkshire Hathaway chairman & CEO, explains why he doesn’t solely depend on the macro view when making investment decisions.

 

Warren Buffett CNBC Interview

but i did explain because i — i laid out what i thought the average person was not an expert on stocks should do. and my widow would not be an expert on stocks. i want to be sure she gets a decent result. since all my berkshire share res going to philanthropy, the question becomes what does she do with the cash that’s left to her? part of it goes outright, part of it goes to a trustee. they’re invested 10% in re — she’ll do fine with that. anybody will do fine with that. it’s low cost, it’s in a bunch of wonderful businesses, and, you know, that takes care of itself. you specifically said a vanguard index. right. it’s a very, very low cost index fund. and there are others. there are others that aren’t so low cost. and keeping costs to a minimum is enormously important in investing, whether it’s farms or buildings in new york or — but particularly in stocks. it is — if you’re in effect paying out 1% or2% annually of your portfolio, that’s a big, big tax that you don’t have to pay.

Warren Buffett CNBC Interview

Warren Buffett CNBC Interview

but i did explain because i — i laid out what i thought the average person was not an expert on stocks should do. and my widow would not be an expert on stocks. i want to be sure she gets a decent result. since all my berkshire share res going to philanthropy, the question becomes what does she do with the cash that’s left to her? part of it goes outright, part of it goes to a trustee. they’re invested 10% in re — she’ll do fine with that. anybody will do fine with that. it’s low cost, it’s in a bunch of wonderful businesses, and, you know, that takes care of itself. you specifically said a vanguard index. right. it’s a very, very low cost index fund. and there are others. there are others that aren’t so low cost. and keeping costs to a minimum is enormously important in investing, whether it’s farms or buildings in new york or — but particularly in stocks. it is — if you’re in effect paying out 1% or2% annually of your portfolio, that’s a big, big tax that you don’t have to pay.

Warren Buffett CNBC Interview

Warren Buffett CNBC Interview

Warren Buffett, Berkshire Hathaway chairman & CEO, explains why it is very unlikely he would sell his holdings in Wells Fargo, Coca Cola and American Express within the next five years. We like adding big chucks of earning power, explains Buffett. Buffett also comments on the performance of IBM as the company goes through a transition.

Warren Buffett CNBC Interview

Warren Buffett, Berkshire Hathaway chairman & CEO, explains why it is very unlikely he would sell his holdings in Wells Fargo, Coca Cola and American Express within the next five years. We like adding big chucks of earning power, explains Buffett. Buffett also comments on the performance of IBM as the company goes through a transition.

Warren Buffett CNBC Interview

Warren Buffett, Berkshire Hathaway chairman & CEO, shares his thoughts on buying another company and why he intends to hold onto Heinz forever.

ame, but both georgia power lemon who is my partner in that and i would love to do another one. and they have an appetite for making acquisitions. and so do you. yeah. we’re is a good pair that way. everything that’s happened with heinz, everything has been satisfactory and i look forward to working with lemann again. we’ve got to zero based budgeting. as i said in my report, i would expect the earnings of heinz to be significantly better this year than any year in history. you pointed out that you’re not somebody — the difference between this and a private equity deal is that speshg shire plans on holding this for a long, long time. forever. forever. would you be surprised, though, to see a heinz ipo sometime in the next five to seven years. that could happen because the 3g people did that with burger king. they have a number of investors. i don’t know how many. the primary investors i know. but they — no, i just don’t know the number. but some of those people undoubtedly will want to get out. they might have a chance to get out under a significant profit. when they do, we have no obligation to — they have no obligation to sell their shares to us and we — so it would be totally voluntary on their part. but if they were going to sell their shares, and i pound the price acceptable, i would buy the share for them. and we would find equal partners even if the shares were somewhat different. but i would like overtime to increase its share. it’s forever. it’s — it will be a profitable business. it will be a worldwide business. and it is a worldwide business. it just fits into berkshire. our problem is putting money to work. we’re not looking to take money out of things. we’re looking to put more money

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