10 Highlights of Charlie Rose Interview of Warren Buffett – April 14, 2022

These are 10 highlights of Warren Buffett’s interview by Charlie Rose (released on April 14, 2022). (In the order that they were discussed)

(1) It is very important to choose what you do and whom you do it with.

(2) To succeed in investing one needs only a 120 IQ.

(3) He has never been less than 80% invested in American businesses.

(4) Ted Weschler and Todd Combs manage a total of $30 billion. One of them purchased 15 million shares of Activision Blizzard (ATVI) at an average price of $77 months before Microsoft announced its plans to acquire ATVI. The current price of ATVI is $78.

(5) The U.S. system of Federal Government (oversight and regulation) and capitalism works well.

(6) Apple has less than 25% of the smartphone market but is the most successful company in its industry because its iPhone is “aspirational”.

(7) A nuclear war (World War III) can destroy the planet.

(8) 40,000 shareholders are expected at Berkshire Hathaway’s annual meeting in Omaha on April 30. It will be livestreamed on CNBC.

(9) Although he may be slowing down, he can allocate capital as well as ever.

(10) His legacy is Berkshire Hathaway. It is his “painting”.  What he values most is his family, business, and the millions of people who trust him (Berkshire shareholders).