OracleofCarolina Posted October 15, 2013 Share Posted October 15, 2013 Squawk Box (@SquawkCNBC) 10/15/13 @WarrenBuffett is our guest host tomorrow for the entire @SquawkCNBC show! Tune in at 6a ET for insights from the Oracle of Omaha Sent from my iPhone Link to comment Share on other sites More sharing options...
JBird Posted October 15, 2013 Share Posted October 15, 2013 Thanks for posting. Link to comment Share on other sites More sharing options...
merkhet Posted October 16, 2013 Share Posted October 16, 2013 I liked the part where he said that in the 53 years that he and Charlie have known each other, they've never given a thought to external shocks (like the debt ceiling) when buying companies and/or stock. (paraphrasing) Link to comment Share on other sites More sharing options...
racemize Posted October 16, 2013 Share Posted October 16, 2013 any other interesting bits? I didn't get to watch it. Link to comment Share on other sites More sharing options...
gurpaul88 Posted October 16, 2013 Share Posted October 16, 2013 There are a bunch of clips from the interview here: http://www.gurufocus.com/news/231678/warren-buffett-cnbc-interview-oct-16-2013- Link to comment Share on other sites More sharing options...
JBird Posted October 16, 2013 Share Posted October 16, 2013 any other interesting bits? I didn't get to watch it. From memory: BRK has ~40 billion in cash-equivalents now, and ~$38 billion of that is in Treasury bills. He's not worried about getting repaid. They'll spend 10 billion on PP&E this year. He's happy with the IBM investment and would be glad to see the price go down to 170 and stay there for years (because of attractive repurchases). If he knew that scenario would play out he'd buy more shares. They've added to IBM this year but aren't buying today. They just spent $1 billion on a new acquisition in Europe. He's sure per-capita Coke consumption will continue to grow, but not as fast as it used to. He's happy with the new Benjamin Moore CEO, and earnings there have never been stronger. BNSF is set to match or slightly exceed its best month ever in rail-way shipments, a record set in 2006. He thinks it's stupid and immoral to use the debt-ceiling as a political weapon of mass destruction, and thinks the move should be banned. Sara Blakely, Founder of Spanx, was on the show and told her story. Warren said she's the epitome of the American Dream. I would agree with that and add that she seems like a wonderful person; it's worth spending a few minutes reading her biography. She recently joined the Giving Pledge. Link to comment Share on other sites More sharing options...
racemize Posted October 16, 2013 Share Posted October 16, 2013 Thanks for the summary JBird! Link to comment Share on other sites More sharing options...
Kraven Posted October 16, 2013 Share Posted October 16, 2013 any other interesting bits? I didn't get to watch it. Don't worry. He'll be on again soon. I heard he's going to retire from Berkshire and join Joe, Becky, Andrew Ross and the gang as a full time co-host. It's been moving in that direction, but this will make it official. Link to comment Share on other sites More sharing options...
Liberty Posted October 16, 2013 Share Posted October 16, 2013 Are they not releasing videos of the whole interview this time? Usually by this time of day we have the whole thing... :( Oh well. Maybe it'll save me from smashing my fist through the monitor when Joe opens his mouth... Link to comment Share on other sites More sharing options...
alwaysinvert Posted October 17, 2013 Share Posted October 17, 2013 Go to 10:40 :) Link to comment Share on other sites More sharing options...
CorpRaider Posted October 17, 2013 Share Posted October 17, 2013 blakely was hillarious. Link to comment Share on other sites More sharing options...
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