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FBN’s Liz Claman discusses why the Oracle of Omaha hasn’t publicly named the future CEO of Berkshire Hathaway.
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And until there aren't aren't Carlos Lyman.
Who resolved journal -- brownstone.
That's really -- them warm -- The Woodstock of friends and accounts and this is gonna interview today -- Warren Buffett.
Or Charlie Munger is an apparently nor gates.
And -- ladder -- -- Lebanon.
Well you know Bill Gates is really going to be interesting because when don't they is coming out -- you know.
-- -- -- -- -- -- -- Oh I'm sorry I didn't hear what you said what time 9:30.
AM eastern time on Fox Business.
Do not -- -- is going to be during parting of company now mom.
-- -- the shareholder meeting a two of the people ask Warren questions.
Yes and that's another thing -- a lot of shareholder meetings nobody gets to ask questions you know the little guy.
-- -- six hours worth of questions and there are microphones throughout the the entire arena and they can come up and ask what ever they want he also had analysts up on stage.
Who were very interested in the insurance business which it led -- to believe that may be it's the guy who runs his insurance business -- G Jane who may eventually succeed him.
And about seemed to -- a possibility because it is evident that that's becoming more and more an important and crucial part of this business so it's again it's just too huge conglomerates.
So Warren has he's -- he's named a successor.
But has not -- applaud Brian.
Correct perfectly what he will not identify I asked him yesterday why don't you just give us the name people want to know when he said.
What if I change my mind he also told me what are we acquire another company and the guy running that.
Content is more impressive than the one I have in mind he doesn't like the idea of a crown prince theory.
And he just feels that it's not necessary for people to know -- that they should just trust that this guy that they have in mind has that what he calls the Berkshire.
Culture they understand what it means to run this kind of conglomerate.
That anyone at the shareholder meeting.
-- warn about his -- -- Guess he did get asked about that the prostate cancer he's stage one.
He said he will not miss a day of work from this it is very slow growing and his his daughter Susie told me hey you know what.
The only thing this is as is that a non event except to the media there was up at -- -- -- University of Nebraska cheerleaders.
I caught glancing at them their -- months.
At one point Don I mean maybe not around now but he seems to be alive.
And very well.
-- so.
-- is still gonna seek treatment.
He -- of and I know how you feel about that he he's going to see now why it's relevant and also the -- -- -- going.
Yet he he said it you'll start that in July and -- be very.
Non eventful he won't miss a day of work he says his fool people and -- Our world -- so what we re talking about today.
Up there are a lot of things that we want to know about number one.
We will have the first opportunity to get his reaction market opens at 930 we've -- two minutes later.
What does he think about the stock reaction he was so what.
Insistence that the stock is undervalued let's see if -- pops today on that news if it does in a week at his first reaction that's -- That's going to be an explosive reaction we -- know about his thoughts about.
-- Europe is turning socialist once again France just -- elected a socialist president.
Does he foresee that there will be up capital flight from that country matters because of something bad worse happens in in Europe.
Okay we've got a real problem it starts to affect our our banks and our nation here.
Gonna ask him you -- he made a comedy said the US banks are finally in a far far better position than they were three to four years ago.
European banks not so much.
I'm -- ask -- will the European Bank weakness if anything happens there take down our system again will the taxpayer be on the -- He has an innate ability that is sometimes really have an interest in crystal ball.
We're gonna talking about a -- -- -- Charlie Munger we wanna know Charlie Munger took a swipe at Alan Greenspan dot I don't know if you heard about this but.
He set about Alan Greenspan and the mortgage lending bubble.
I like to say Alan Greenspan was overdosing on eyeing -- And it was way to free markets so I wanna ask him about that I mean these guys are taking swipes all over the place they dumped all -- business schools.
They in -- said business school as waste of money they're not teaching the right things to last about and then Bill Gates of course windows eight.
-- it once it gets inside a lot of -- books and makes them touch screen will that finally be the one -- takes on Apple's iPad and the Mac.
-- these are all things that nobody else has asked them.
Not only get a here on Fox Business the other guys asked about the cash position of the company it's already 37 billions you don't need that information.
It work as the different things -- what kind of cars they drive since they are paid on electric vehicle.
Involvement what about natural gas it's so -- Buffett made about a couple years ago.
That he wants two billion dollars on 'cause the people who advised demonic told the natural gas Michael higher.
All of these things have more to get his predictions I think it's pretty valuable for a lot of people -- and he also apparently bought a bunch of European stocks Don.
I'm asking which wants -- eventually gonna come out of an SEC filing why not tell Fox Business so.
And so.
It's a client.
Missive on the senate right now -- -- -- -- The sign up now its lowest point.
Can take a swipe -- Alan Greenspan.
Who by the way of a young man.
There's a go to the use of various cell maintenance -- nine rounds apartment -- New York.
-- -- sides at this point to take a swipe -- Alan Solomon.
Earlier losses mom.
Well he's been doing it all long distances to be clear about this the past six years he has ripped the Fed and how the Fed behaved over the past several years.
It's just that when he encapsulated eighty verbalize that like that people.
People started -- They cheer during that there were a couple of moments where where -- broke out but that was one of them that I thought was was pretty interesting and so I wanna ask him about that.
Charlie is not lost his mind dawn of some of the things that he talked about we're extremely oppression -- be a visit to know what would he says about energy because he says something you said.
Why would we try and become energy dependent we should conserve our energy and use up the bad guys energy so they have none of -- left.
We'll talk to him about that as well.
-- -- -- -- -- Ultimate convention and.
Well you know lots of lots of -- you know every single year but the big question will be.
I don't know little Iceland's -- look at that.
-- -- -- -- -- I'm having trouble at buyout it man I'm trying broke up rented a sorry go ahead.
-- say average page of the investor.
There are attending those conventional -- tool fools.
The average age.
I say -- the average age of the investor there kids with.
It's a very technical tours of old.
They're not -- certainly mean it can't when -- shares more than a 120000.
Dollars.
You're gonna not have a lot of people have that kind of money under thirty's so what the -- we -- when specifically around -- And found young people but lot of older gentlemen and women who bought -- really.
-- they were Smart but it let's Cendant.
It's it's not.
It's not Coachella Coachella.
You know it's definitely not -- Poland and while -- I don't know Iraq once again the whole programs to well on the exactly how -- ones but none -- senate is gonna marijuana.
9:30 AM eastern time Warren Buffett -- I heard that Warren Buffett Charlie Munger -- -- thirty during Barney in companies that don't bring it more money going to be.
What is going to be standing by for frothing at the mouth over the Buffett rule.
Which we will ask him about.
We'll know more amenable artist -- -- -- scrutiny -- absolutely.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- They're not taken a slight extraordinary detail.
On our home though are you kidding having audio.
Well here's -- -- is gone like Q dot I would never take a swipe at station but.
On both of them to sleep and you know that it's always knives -- -- in Europe.
Alludes to Lima Lima Omaha on.
There's too old fools builder it's a public announcement and -- --
