Warren in the House

https://charlierose.com/videos/31221

good interview

lookin strong at 91

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Great to see both Warren and Charlie. This probably is the first episode after a few year pause for Charlie Rose show.

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Wow.

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My takeaway is that he just does these to show the world he’s alive and sharp. Nothing in this is new information. Rose tried very weakly to press him on the state of the world and Buffett punted. Asked him about OXY, talked about the preferred, not the new equity stake. Nothing about Y.

The only news is that Abel is there in the bullpen, but not warming up.

" My takeaway is that he just does these to show the world he’s alive and sharp. "

Damn glad he does periodically

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Did you see the look on Warren’s face when Charlie brought up Activision?
Priceless!!

It was interesting to hear that when purchasing stock, his directions is “by x% of the daily volume” and if there is a price limit he’ll state that limit. And he does that before the market opens.

It makes me wonder to what extent Berkshire’s stock repurchases correlate more with volume than price, and if we can increase the repurchases by increasing trading volume.

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“It makes me wonder to what extent Berkshire’s stock repurchases correlate more with volume than price,”

had the same thought… bring on the vol

Look Older, talk slower.
But evidently STILL has better memory than me and do math way faster than me (and everyone in my household).

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There is an existing rule that limits the buyback to 25% of the trading volume.

Did anyone hear Buffet respond to not answering a question and indicated that he will have something to say at the shareholders meeting? Mention of comments included Saturday timing for information to be digested while markets are closed? Was he implying just normal updates to partners or something more specific to the current environment we are in. I don’t believe that he is planning on steeping down based on the no one in the bullpen comments. But I heard as he has something important to share.

Also indicated largest crowd ever.

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Thx for the link. A great interview.

I cannot believe he is 91, he looks so healthy, clarity of mind, speech. His choice of words, and when he talked about the house in New York and still managed to hold his emotions together (clearly he was nostalgic and bit emotional), still he is clearly in a very great mental health.

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Gator,

I heard the same that you heard.

Tex

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Feel he doesn’t want to comment on Russia in the interview… maybe he doesn’t want to get cut or mis quoted?

Also, his ring is missing. My wife ask if he’s single again?

Thoroughly enjoyed the interview and glad he said he said is as healthy as ever. He has been amazingly consistent in approach and perspective for 60+ years. Love how he admitted he still thinks about BRK Nonstop and loves his role as much as ever and having the trust of millions of partners. He seems to be in a very happy place for 91yo. Really looking forward to attending the meeting this year and just not sure how many more Charlie can attend based on health/age. Hearing those two talk takes me back to a different place and time and ethos. We are a lucky bunch to still have them both alive, active and eager to keep teaching.

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Did anyone hear Buffet respond to not answering a question and indicated that he will have something to say at the shareholders meeting? Mention of comments included Saturday timing for information to be digested while markets are closed? Was he implying just normal updates to partners or something more specific to the current environment we are in. I don’t believe that he is planning on steeping down based on the no one in the bullpen comments. But I heard as he has something important to share.

I think he was just re-iterating a point he has often made before especially as it is just a few days before the AGM. When Rose probed for comments about the current environment, inflation etc he basically repeated his argument that he would like to speak to all shareholders at once at the AGM rather than in specific interviews which may not reach everyone and would favour a specific audience. I took it as consistent with his previous remarks and philosophy on communication, not as a particular signalling of a forthcoming grand announcement.

The line about the Saturday timing and markets being closed is also something he mentions regularly in relation to earnings releases as well.

In addition he was clearly unwilling to comment on the war in Ukraine and indicated he wouldn’t particularly address this in the AGM either as it wouldn’t be particularly helpful.

It was good to see him in very good form and as mentally sharp as ever at 91.

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Am happy to see him looking better than before. How can Warren seem younger?

So… a thought came to me…

Do you think WEB takes HGH shots?

Am sure Warren can afford them.

:^)

Warren is looking young & energetic for his years. And, alert. He was refusing to answer Charlie’s questions on current environment, war, China etc. even though Charlie came at him a couple of times. I had a feeling that he was holding back his views on Jeff Bezos but I am not sure. Some of the old stuff but it’s so good to hear him repeat(paraphrased):

Tap dances to work.‘Choose what you do and who do you with’. First investment at 11 years of age, 80 years back, was a reader even then. 'I knew more about mechanics of trade then and not as much now. I never had less than 80% of my money in American business. I like being trusted by people. I have my office close to my home and in 50 years that I have had this - how much time have I saved in commute. 3 times of my life time back, 0.5% of world population(USA) who are no special than others now have 20% of the bounty of the world. Astounding! I get dumber but wiser. Tim Cook is a great human being & great manager. He was holding something back when asked about Bezos but was complimentary of Mackenzie for The Giving pledge. Time is most precious thing and Gates and Melinda do give that I don’t want to do that. I use my time to do what I enjoy and that produces money which helps others. Country, Dad are the reasons for his success. Anything I did, my Dad always supported. I got family, a business and millions of people who trusted me.

Here is the link to Mackenzie letter for The Giving Pledge… https://givingpledge.org/pledger?pledgerId=393

Cheers,
Vipan

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Thank you for posting the link. I would not have come across the interview otherwise.

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