FOX Business Network’s (FBN) Liz Claman spoke with Berkshire Hathaway Chairman and CEO Warren Buffett, Microsoft Corporation (NASDAQ:MSFT) founder Bill Gates and Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) Vice-Chairman Charlie Munger in a wide ranging interview following the Berkshire Hathaway shareholders meeting. Regarding whether he was interested in the Alibaba IPO, Buffett said, “I can’t recall when I bought an IPO, literally in 50 years maybe I have.” Regarding his succession plans, Buffett said “the candidates are all internal.  And I’ve said that they’re male at the present time, although that would not necessarily be the situation, in the future.” When asked about Amazon.com, Inc. (NASDAQ:AMZN) founder and CEO Jeff Bezos buying the Washington Post Buffett said, “I hope he succeeds like crazy. If anybody has a chance to do so I bet on Jeff.” Buffett also spoke about the insurance business saying, “We won’t sell Geico. No. Never.” Bill Gates commented on supporting Microsoft CEO Satya Nadella if he wanted to spinoff the company saying, “Absolutely” but “I can’t see that making sense to break it off.”

Warren Buffett

Warren Buffett on whether his is interested in the Alibaba IPO:

“I can’t recall when I bought an IPO, literally in 50 years maybe I have.”

Munger on possibly investing in Alibaba:

“It’s out of my realm.”

Warren Buffett on who his successor will be:

“Well, the candidates are all internal.  And I’ve said that they’re male at the present time, although that would not necessarily be the situation, in the future.”

Warren Buffett on whether his successor will be a female:

“It could, sure.  I’ll bet someday it does.  I mean, but right now, they’re male and they’re internal.  And I think it’s a virtual certainty that they’ll be internal forever.”

Warren Buffett on what he will require from his successor:

“Well, I can’t require anything because I won’t be here.  But in terms of our culture, I think that there’s no question that my successor will be someone that is bought in 100 percent to the culture.  Now, they’ll do things their own way.  And they should. But we have a distinct culture.  And we set out our economic principles in the back of the annual report.  They haven’t changed, virtually, for 30 years.  And we’re a certain type of business.  That’s not the only way to run things, but it is the way we run things at Berkshire.  And I can’t imagine a successor changing that in a material way.”

Warren Buffett on whether he will require his successor to live in Omaha:

“I think it’s – the probabilities are almost 100 percent.”

Warren Buffett on activist investor Carl Icahn:

“Carl goes into different companies to some extent than we do and I think he kind of enjoys the game too well, but we’re not doing the same thing Carl Icahn is doing.”

Gates on Warren Buffett’s investing:

“I don’t believe in promoting stocks. Even like good companies like Berkshire and Microsoft. Warren promotes the products and I love to promote the products.”

Warren Buffett on whether the U.S. Dollar will go away:

“I believe the U.S. Dollar will be the world’s reserve currency for a long long long time.”

Gates on Warren Buffett’s Coca-Cola decision on executive compensation:

“He did state his opinion. I wish there was more people like Warren who were speaking out about executive compensation.”

Gates on whether Satya Nadella is a good fit to run Microsoft:

“Absolutely. He’s off to a great start. He has used more of my time than was the case before and I’m enjoying going and giving some advice. He’s re-examining all of the things, he’s already made some really good changes, it’s exciting to have young blood and new thinking.”

Gates on whether he will separate Microsoft into two separate companies:

Well certainly the Bing technology has been the key for us learning how to do large scale data centers. And Bing let us see what’s going on in the internet so that as people are interested in various topics, we know what’s new. We know when they’re typing text what it might mean so I see that as a pretty fundamental technology for the company. Even for its office business that’s a very, very  core business. We have done spinoffs historically, Expedia was a company that got started inside Microsoft, Slate magazine did and we’re thinking about are there pieces that are separable, but our basic research including the stuff that goes into Bing I can’t see that making sense to break it off.”

Gates on whether he would separate Xbox:

“Well we are taking PC gaming, windows gaming and Xbox gaming and bringing those a lot closer together. The power of the PC chip, the graphics chip which means you can do great games there, so I’m sure Satya and the team will look at that and you know it’s up to them.”

Gates on whether he would support Microsoft CEO Satya Nadella if he wanted to spinoff the company:

“Absolutely.”

Warren Buffett  on Amazon founder and CEO Jeff Bezos buying the Washington Post:

“I hope he succeeds like crazy. If anybody has a chance to do so I bet on Jeff.”

Warren Buffett on whether he has spoken with Amazon founder and CEO Jeff Bezos since buying the Washington Post:

“I haven’t talked to him since he bought it, but I will talk to him from time to time but, no I have not talked to him.”

Munger on whether he still feels Bitcoin is rat poison:

“It is. I was holding back a little.”

Munger on whether Bitcoin should be regulated:

“I wish it would go away.”

Warren Buffett on whether he would prefer investing in Blackberry or Bitcoin:

“I’d probably short them both.”

Gates on Bitcoin:

“Bitcoin is mostly about anonymous transactions and I don’t think, over time, that’s a good way to go. That is, I am a huge believer in digital currency. In fact, the Gate Foundation is very involved in trying to get that going in poor countries so we can have cheap financial services even for people without much money. But doing it on an anonymous basis I think that leads to some abuses. So I am not involved in Bitcoin.”

Warren Buffett on whether he will have the shareholders meeting in Dallas, TX next year:

“I really won’t.  I mean  it is true that physically, Dallas could handle it better than Omaha.  But we’ll find a way to hold it in Omaha.  I can’t leave Omaha from behind.”

Warren Buffett on whether there are any financial currencies on the Berkshire Hathaway books:

“Right now there aren’t but we own a lot of businesses that do business all over the world.  So we are affected by foreign currencies daily. We have insurance liabilities and foreign currencies, but we have no currency position at all.”

Munger on the situation with Russia:

“I don’t like modern countries trying to change borders. The United States has intervened in some foreign countries, but we haven’t tried to change borders since the Panama Canal. We’ve seen this movie before and it didn’t have a

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