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Afternoon Session - 2023 Meeting

buffett.cnbc.com · 10,782 words · saved by 1 readers

In the afternoon session, Warren Buffett argues that the executives of failed banks need to be punished and squelches speculation that Berkshire's growing stake in Occidental Petroleum could lead to a bid to buy all of the oil giant. Charlie Munger explains why Elon Musk doesn't need to "overestimate" himself and accepts that his grandchildren probably won't see the world exactly as he does.

1 . Washington should explicitly guarantee all U.S. bank deposits WARREN BUFFETT: OK, so take your seats please. Sales are terrific out there, so you're my kind of crowd. (LAUGH) I've been getting reports we're breaking all kinds of records. And we're going to start off with question number 26, which goes to station two. Sync Video to Paragraph AUDIENCE MEMBER: Hi Warren and Charlie. My name is James from Malaysia. Given the recent challenges faced by the U.S. banks, what is your outlook on the banking industry? How do you assess the risk and the opportunity in this section? Sync Video…

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