Warren Buffett and Jamie Dimon were interviewed on CNBC on June 7. Three highlights were:
(1) Public companies should eliminate the practice of estimating quarterly earnings. They have also published an op-ed in today’s Wall Street Journal.
(2) Buffett and Dimon are very optimistic about the economy. Buffett: ‘If we are in the sixth inning (of the recovery), we have our sluggers coming to bat’
(3) “We have found the right CEO” for joint effort by Buffett, Dimon and Bezos to contain health costs at their companies. An announcement will be made about the new CEO within two weeks.