Warren Buffett CNBC Interview All Videos

but i saw the pain on his face. because $4 million to him, as he has mentioned, i mean — there it is again. 400,000 would have, i can just see him just, anyway, warren — you’re getting closer, joe. keep going. in the past you have made the point that it’s better to buy a great business for a fair price, than a fair business for a great price. and i know that heinz probably fitting into that again. but you know, warren, heinz has been — when it was founded like 1870 or something, 1869. 1869. they went broke, that happen, but the successor, that was founded shortly thereafter. it’s been a great business for a long, long time. and i dent know about your price. i guess you probably paid a fair price. but i’m just wondering, you know, sooner or later you have so much money at berkshire that you have to deploy and you find companies like heinz. you could have made this acquisition any time in the last 20 or 30 and probably gotten a fair price. i think that your partner definitely made a big difference here. yeah, he did. there’s no question about that. no, we would not have done the deal if we hadn’t been in partnership with jorge paulo. and it made sense just in terms of being a global, a brand that you can just leverage globally and he’s a guy that can leverage it globally. makes sense to me that way. i got it now. it doesn’t seem that profound to me to buy a brand name ketchup — i can give you like probably 10 or 15 — might as well buy twinkies, too, while you’re at it. get in the auction bidding for that, too. just as far as a brand name company at a fair price, there’s, you know, you got a whole shopping list. yeah, there’s not too many that are big. but you’re right, you know, we’ve owned coca-cola but we’ve only owned 9% of it now for i don’t know, 25 years or so. yeah. but, you’re right, we would not have — we would not have done this, we would not have done this at this price without being partners with georgie paolo. no question about it. will you throw bloomberg under the bus once and for all? you mention coke again for that ridiculous. you can’t even order a pizza with a party and get a coke and a two liter bottle. i mean if that is not a, you know, an nanny state run amok, if you won’t say that for me i don’t know if i’m going to ask any more questions. there’s 200 calories in that 16 ounce bottle that he will tolerate. but he doesn’t want to tolerate more than 200 calories. i have seen certain people, unnamed, but public officials, who have eaten more than 200 calories of dessert at one time without having to order a second serving. the real question, you know, i can eat 2700 or 2800 calories a day and i’ve been picking those 2700 or 2800 all my life and it seems to work reasonably well, and if i eat broccoli all my life i’d probably be in some mental institution. andy loves salt. and he flies around with a big carbon footprint. and it just — it just looks like let them eat cake. it looks like, i’m here, like a king, and i’m looking at my subjects. don’t let them eat cake. and my subjects have to live differently than i live because they’re too stupid to make their own decisions. it galls me, warren. i think you should pick 20 — whatever your metabolism rate is and you should pick 2700 or 2800 calories. right!