Warren Buffett’s three hour marathon with CNBC takes place on Monday May 7th 2018 right after the Berkshire Hathaway 2018 annual meeting. A lot of topics are being discussed so to keep track of it stay tuned as you can find it all below – keep checking back here for the latest
One new book recommendation from Buffett – Munger’s was unspecific and Gates was a repeat
From Dr. David Kass
10 Highlights of Warren Buffett, Charlie Munger, Bill Gates on CNBC – May 7, 2018
- Buffett: Bonds will fall a lot from current prices (as interest rates rise). Investors should buy S&P 500 Index instead. We are not in a stock market bubble. There has never been a good time to buy U.S. Treasury bonds.
- Buffett: Wells Fargo will outperform its rivals in the future. Berkshire owns 10% and will not buy more because Berkshire would then be classified as a bank holding company and subject to more regulation.
- Buffett: If a $100 billion deal came along that we like, we will get it done.
- Buffett likes Apple a lot. He would like to own 100% of Apple if he could. He likes the business and the management.
- Charlie Munger: “I’m delighted to be here. Actually, I am delighted to be anywhere.”
- Buffett admits mistake of not following Munger’s advice to buy a large stake in Costco many years ago.
- Munger recommends investing in Chinese companies. They are cheaper than U.S. companies.
- Munger: When Democrats control government there will be a single payer system for health care with an opt out.
- Buffett: Associate with people who are better than you and will move in that direction.
- Munger wishes Berkshire owned more of Apple. It is reasonably priced and strong.
- Buffett Self-driving cars will be bad for insurance companies in the long run
- Munger: You can hardly find two people better at their jobs than Jain and Abel
- Munger: Bitcoin is worthless artificial gold
- Munger: I wish we owned more Apple
- Buffett: This is the perfect job for someone who wants to work at 80 or 90
- Bill Gates: Big tech companies will be able to handle regulation
- Munger: Health-care system is shot through with rampant waste
- Warren Buffett: Charlie Munger has made me a better person
- Buffett: There are levels of trade deficit that bother me
- Buffett: Don’t think we’ll have trade wars of significance
- Buffett: Employment is tight right now
- Buffett: Privacy is a very important issue
- Warren Buffett on missing out on Amazon and Google
- Buffett: Bad news does not scare me
- Buffett: I’ve never said anything negative about Elon Musk
- Buffett: I like Apple and we’ve bought it to hold
- Buffett: USG board didn’t represent our interest on Knauf bid
- Buffett: Moving cash reserves to an index fund ‘not the dumbest thing in the world’
- Buffett: I’d rather have more of our cash invested
- Warren Buffett on CNBC’s archive
- Buffett: Changing consumer habits hit Coke and Kraft Heinz
- Buffett: Anonomous letters and hotline calls best sources to find out something’s wrong
- Bill Gates: Very high variance in technology stocks
- Charlie Munger: Best companies in China are cheaper than best US companies
- Warren Buffett, Charlie Munger and Bill Gates talk markets
- Buffett: Wells Fargo will have outperformed competitors 10 years from now
- Buffett: Bitcoin investors are dependent on the mob growing
- Buffett: Wells Fargo had incentives for bad behavior
- Buffett: Bitcoin is an asset that creates nothing
- Buffett: Keynesian economics certainly worked during World War II
- Buffett: Stocks are not in bubble situation now
- Buffett: S&P 500 a better choice than Treasurys
- Buffett: Buying and holding index funds has worked
- Warren Buffett remembers buying his first stock
- Warren Buffett watch: Ticket to Omaha
- Bill Gates: Have to constantly remind people about the benefits of vaccines
- Buffett: Goal of health-care initiative is not to reduce Berkshire’s costs
- Munger: It would be insane for US and China not to develop a constructive relationship
- Warren Buffett tackles Reddit’s horse-duck question
- Bill Gates: My whole business education started the day I met Warren
- Top reading recs from Buffett, Munger and Gates
- Buffett: Weapons of mass destruction the number-one problem for mankind
