Summary Notes on Warren Buffett Interview
May 17th, 2007 by Martin Lee
Just listen finished to the interview of Warren Buffett by Charlie Rose.
Here’s a summary list of the points that were covered in the interview:
2006 was a good year. Largest growth in networth in corporate America history.
Most expensice lunch $610,000. 7 other people came along with the bidder.
Size is an anchor on performance. 73 businesses.
Discussion on newspapers.
Succession. One criteria is able to handle risk. They will be selected not just by their performance, but also how they achieve their performance.
Weapons of mass destruction.
Current account and trade deficit. Giving away our assets in order to feed our spending habits.
His thoughts on the presidential candidates.
South Korea.
Looking more overseas compared to the past. Through investing in foreign and international companies.
Why he stopped holding foreign currencies.
Berkshire’s stake in Petrochina.
Philanthropy.
The 2 and 20 fee (fund management).
What the 19 people at Berkshire HQ do.
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