Warren Buffett: I'm not buying the Uber IPO, but I've never bought any IPO

Warren Buffett and Charlie Munger sit down with CNBC's Becky Quick to discuss why they don't purchase IPOs, including Uber.
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[@jendeh1000]

Even if Becky was in a swimsuit, Charlie wouldn't look. That's called being disciplined. Remember Charlie doesn't like lying.

[@ajaysharma3756]

Bro u deserve more like

[@nebojsa1976]

When you are over 90, you look at God, not legs.

[@hondusspa]

He’s more disgusted by her questioning and lack of understanding lol

[@bmngatia474]

haha

[@LuisVelazquezLV3]

you know he is blind right?

[@Envinite]

My boi Charlie trying to stay focused while all those edibles hits all at once.

[@emersonherrera4939]

😂😂😂

[@tipoomaster]

Charlie: "Seen the world. Didn't like it."

[@priceandpride]

My dad

[@MoneyOverFame]

Best comment.

[@khadyuthazarika5975]

Noice

[@samuelrs5138]

​@Yoon Park I would say this is a private service and not public transportation. I think it's pretty safe because everyone that gets into these cars is tracked by name and GPS until their ride is over which is obviously different than in a normal taxi. I know of no trend of Uber/Lyft driver-related crime, if this was different I could see the argument. I'm sure crime has happened but has this not happened with taxi drivers as well? There is a reasonable level of risk with both They aren't driving the streets looking for passengers but only getting those that specifically request them. But I can see the argument for background checks for these drivers with those with any violent past being unable to qualify, that's not unreasonable. Doing away with these services entirely though would just seem like protectionism of the taxi industry though.

[@socrates_the_great6209]

Ahahahaha! Spot on!

[@royceleanzer]

Charlie's doesn't care about her hot legs. Charlie's the Boss. Charlies seen it all. Be like Charlie.

[@katherine101able]

Royce Leanzer I always admire a man who can control themselves.

[@royceleanzer]

@@katherine101able Hmmmm.

[@nintendo9231889]

Hahaha! Charlies advice on buying IPOs: DONT BUY 'EM. Lol!

[@expsterm1]

@@nintendo9231889 I bought some Facebook IPOs and that was a great decision.

[@halffolk21]

Old Money

[@edward8972]

Charlie is hilarious man 🤣 “Charlie do you agree with that analysis?” Charlie: Suuuure! LMAOF

[@DannyDelorean]

best line, lol

[@Heffey02]

😂

[@SinkingSinkers]

😂😂😂

[@BEEZYBRAH685]

I feel He can't be bothered wasting his invaluable time talking to an inexperienced person when he and his inner circle are on the top tier.

[@svenbuchholz9862]

His face afterwards :D

[@qy1276]

Charlie has joined the chat..... "I dont like lying" Charlie has left the chat.....

[@bneada2246]

hi itsme Charlie be watching a movie on separate monitor. Chimes in outta nowhere. Multitasking😁😂🤣

[@colonelkfc33]

It's like Charlie is staring into space and having flashbacks to the dot com bubble and 08 crisis..."I was there, I was there Becky when the whole shit house went up in flames..."

[@anthonyd8997]

He looks like an alien being with those crazy eyes

[@bighands69]

@@anthonyd8997 He is 95 years of age. He served in the Army Air Corps in WW2. He has seen everything from the great depression to the collapse of the USSR. Charlie does not have flies in his eyes.

[@tushargarg4742]

😂😂😂

[@mryeti1887]

@Anthony D one is a glass eye.

[@jamesfowler6306]

Yeah, Charlie is a classic. Looks like he'd rather be outside drinking a Coke

[@ChrisMFlorida]

Good thing Warren is there to talk.. otherwise this IPO conversation would be about 15 seconds. Charlie isn't interested at ALL.

[@putikeswarasudarsono]

I think Charlie wanted to come because of Warren.

[@tenand11]

ha ha ha

[@ManPursueExcellence]

2:46 “They don’t even call us.” 😆😂😭

[@MyChannel-vw9cy]

This comment section is really one of the funniest I've ever seen.

[@ForceOfWizardry]

Charlie is the true face of an investor. Doesn't panic when markets go down. Doesn't get giggly when markets go up.

[@adammesheia]

i get giggly when markets go down

[@willinton06]

adam amshia I panic when they go up

[@tufaznail]

LOL. Billions help.

[@investorbro21]

doesnt have to he is filthy rich/wealthy stop brown nosing kissing butt

[@manie329]

Charlie gives zero f****. About this interview

[@bromley7263]

Charlie: "I've seen things you people wouldn't believe"

[@Authoratah]

Munger just making grumpy comments while staring into space....just cracks me up.

[@lotto5742]

At 1:35 had me rolling. 😂

[@Stoneface_]

@@lotto5742 hahaha damn 🤣

[@christinesavage725]

Munger on IPO's: "They don't even call us."

[@ManPursueExcellence]

Yeah, I laughed my ass off. 😂

[@chrisginoc]

I wonder why. Lmfao

[@socrates_the_great6209]

Hahahaha

[@user-ok6ef9zn4f]

Yeah, because these companies know their business is trash 🗑️

[@tamershahin2172]

04:10 “There is a lot of lying in modern finance, I don’t like lying” One of the reasons why early Berkshire shareholders became wealthy beyond imagination. When you have managers like Warren & Charlie running a business you can sleep well at night.

[@talalkhan1597]

What are lies in modern finance?

[@ThaAidry]

@@talalkhan1597 They will tell you anything to make money. Banks for example don't want you to invest in ETFs because they earn more money for selling you actively managed funds. They don't care about your well being but only about their short term gains.

[@tamershahin2172]

Talal Khan all of the accounting shenanigans over the years, the causes of the 2007/2008 crisis and the list goes on

[@tamershahin2172]

Picogram i never said you should invest in Berkshire or that hedge fund managers are better than retail investors. We the normal investors sometimes have a lot of advantages in investing. Yet Warren & Charlie achieved great returns over the years and its hard to argue with that.

[@rajsapkota123]

1:35 I should've stayed at home.

[@wilfriedvomacka1783]

LMAO :-D

[@wherethewildthingsarenot]

These two men are going to be missed dearly when they pass. Good guys winning in a game of snakes!

[@harrygreen1406]

they will be .

[@SunnyFLBoy]

Warren: "Charlie is such a stupid guy" Becky: "Charlie do you agree with that?" Charlie: "Sure!"

[@RachelleMusicpage]

I love Munger's frankness "I don't like lying". 😂😂😂

[@amylieu6084]

why only white people in this room???????

[@THEGAMINGHELP101]

@@amylieu6084 Should they throw in a black person just for stupid people like you that are really concerned about the color of the people in an interview?

[@nintendo9231889]

@@amylieu6084 piss off. The world's top billionaires above 50 are all white. Get over it and become one yourself!

[@seymoresmithh8908]

@@amylieu6084 - you make it seem like its a conference room full of white people. It's just 3 people, and 2 happen to be business partners (and so would be interviewed together). You just wanted to bring race up even if there is only one person in the room.

[@amylieu6084]

@@nintendo9231889 CUZ OF WHITE SUPREMACY

[@victorburnett6329]

Charlie can't believe he's wasting any amount of his remaining life discussing these trash companies.

[@d-1beats]

I respect Charlie he not pulling any bs and straight up lol he don't seem impressed at all

[@ajeeb9835]

Charlie you agree with that..? Charlie: Sure!

[@cletus2941]

Charlie "they don't even call us" Munger

[@MrJameslb3]

1:45 when you’re around new people and you realize you never wanna kick it with them again.

[@priceandpride]

I thought that old man died

[@BEEZYBRAH685]

😂😂😂😂😂

[@qiqiu8348]

Charlie is hilarious... I have never laughed out loud during a financial interview haha

[@zbLoodlust087]

1:32 “Sure” *Charlie thinking he’s looking at the interviewer”

[@ManPursueExcellence]

1:32 is better for this. Your time stamp misses it.

[@zbLoodlust087]

@@ManPursueExcellence thanks

[@Aj-gz6tc]

Hope they will stick around for a long time love those guys

[@Btouhy1]

Some of the only legit people in money

[@redners11]

@Patrick Parcivel Buffet's a scumbag? Seems like he's one of the "good ones" in the ultra billionaire class

[@halvey8518]

Patrick Parcivel 3.4 billion. 3.4 billion dollars. All given to charity by Warren. He concentrated his entire life to make as much money in stocks as he could to really do one thing. To help make the world into a better place. I think that the only scumbag here, is you.

[@redners11]

@@halvey8518 then why wouldn't he give all his money to charity?

[@halvey8518]

redners11 Actually let me correct myself. He’s donated over 30 billion to charities from 2006. And if I asked you to give away all of your worldly possessions to charity and live on the streets would you?

[@enigmathegrayman2953]

1:35 Charlie looks like he doesn’t wanna be there. 😂

[@edward8972]

Marcus M. he really doesn’t

[@carpii]

He's a 95 year old billionaire. Nothing at all left to prove, too old to have any meaningful ambitions. He should just retire and enjoy the little time he has left, instead of hauling his ass to the CNBC studios just so they can try to exploit him for some shitty ad-ridden article or video

[@stephenw4720]

I really love his “resting bitch” face! He is so smart!

[@marcgebbylauron]

That's how he always look like. Lmao. RBF is easier sometimes and he's rich enough to pull it off.

[@ELBLOKE]

🤣🤣🤣

[@XmetalmikeXx]

My man Charlie took a peek at 2:24

[@sunjungsonne]

I could watch Charlie all day long!

[@Gump-tion]

These guys are golden man! Thank you CNBC for constantly interviewing them!

[@ayushzaveri8193]

Warren: If your reason for buying a share is that because your neighbour told you to or that people are discussing it on CNBC or whatever.... Charlie: Or because I like to ride around in an Uber

[@wilfriedvomacka1783]

Charlie is the ultimate savage :-D I love it!

[@brutonano9521]

My father and I were fortunate to work for men very similar to Warren and Charlie. I'm not sure if this country will ever produce individuals like these anymore. And scandal free, up to this point in there lives.

[@joeldiaz5857]

Angel Lopez people of the caliber ur talking about are a dying bread. Todays men are a bunch of crying weak sissies. No character and work ethic. I can go on but u get the idea

[@kiput3647]

scandal free ??? lolol nope just great PR fueled by millions in retainer fees, but yes not many will come after at the same calibre

[@OE-zv9gq]

joel diaz you sound so whiny. “Dying bread” go back to school goober

[@tensevo]

The only ppl making money from IPO are the shareholders prior to the IPO. It is their exit. So, no wonder Buffett and Munger have never bought an IPO.

[@chasingenigma7482]

Munger: There's a lot of lying in modern finance (with a straight, honest face).........I don't like lying.

[@nintendo9231889]

Hahaha! Charlies advice on buying IPOs: DONT BUY 'EM. Lol!

[@qkingoftears]

charlie forgot to take his medication damnit!

[@alexthompson877]

@1:33&5:07 Priceless😶

[@lifaru]

Charlie’s in the building, Charlie drops the 🎤

[@nicklove2358]

He got a point always!read up on the company you’re buying shares to and have a reason for buying it

[@sunghwanhwang8817]

2:53 They don't even call us~

[@eminentgold]

Charlie reminds me of my pet lizard

[@OwenDLC]

Lmfao

[@williamdrijver4141]

Great interview, Becky knows what she is talking about and Warren & Charlie complement each other perfectly. "I"m buying this stock, because....." if you can't write that down fast and easy, somethings wrong. I admire Warren's ability to explain common sense and enormous investment experience in such simple ways!

[@TheWaldocrazy]

He is a 95 years old billionaire, he could care less bout being interviewed about a scam like Uber is

[@frang340]

Charlie reminded me how i was in the room with my ex wife at the divorce court.... just looking straight at a hole.on the wall amd responding just the necessary. Nobody cares about your baby pics on Facebook, be like Charlie

[@RationalInvestieren]

In intelligent investor it says: ipo = it's probably overprized

[@SiLoMixMaster]

Ask Charlie how much Bitcoin he's holding at the moment

[@sigaroo1296]

He would flip is shit

[@zrz2060]

Hahaha

[@socrates_the_great6209]

Dont! It will give him a heart-attack!

[@sanketpatel1376]

Why charlie is seeing other side?..why he is sitting like that?

[@alaeddinashour9598]

Cause ZERO FUCKS GIVEN that's why

[@bernieudo7467]

They've seen the best. Rita Hayworth. Audrey Hepburn. Elizabeth Taylor. No one today in Hollywood comes close.😇🇺🇸

[@dblackout1107]

bernie udo lol so freakin random

[@anoadmin8178]

So after that should I buy or Na?

[@joefunk76]

Come for the investment insight, stay for the leg show.

[@elitepunch1498]

Munger's expressions are classic 😂 Great content though 👍🏻

[@socrates_the_great6209]

I dont think I have laughed so much my whole life as to this video + the comments! I'm in tears!

[@zulfimohd2490]

That single word reply by Charlie at 1:33. Man, he is the Rockstar

[@172km]

Aint no way Charlie gonna get caught looking at those pins!

[@roadrailn]

Last comment about writing on paper ✍️ the reason you are buying a stock is incredible advice, simple, but keeps an investor’s sanity.

[@RajeshDebnathVlogs]

This is great

[@wilfriedvomacka1783]

I saw this video maybe a 50x since it was uploaded. I always return to watch it one more time. It is just hillarious how Buffett and Munger have their own world. And that moderator is still pushing those "hot IPOs"... "They don't even call us." LMAO "I don't like lying" or "Or I like riding around in an Uber" Charlie is killin me :-D those are gems

[@ayushzaveri8193]

Perfect value investing

[@luckylove72]

Sure

[@widowsson9567]

you do not buy IPOs you wait for consolidation so Uber would be a good buy at 15 to $16 this year

[@mystoresyourstore5658]

widows son if it gets there

[@JerryDLTN]

UBER closed at $41.57 on 5/10/2019. It's $54.31 now but it was $14.82 on 3/18/2021

[@johnpats7024]

Charlie: -and I think that investing in this would be a go- Interviewers: Ya ya ya ya warren what are your thoughts on it?

[@kench5902]

I can sit and listen to these guys talk for hours

[@BedroomPianist]

2:00 Charlie's face lmao

[@SuperKillaki]

Charlie keeps it 100

[@david-Davidson]

Good ol' OPM (other people's $) on the cheap debt cylce

[@cathvega8]

Why am I watching this at 3 in the morning? Where are my food and cat videos?

[@adammesheia]

omg i laughed so hard,.best shit i laughed to in a while. Love you charlie

[@medievalknievel]

do u think she polishes their knobs?

[@INNO222]

That skirt needs to be higher Becky.

[@mikestone8756]

Falling Knife Stocks Beck thinking well maybe if I seduce one of these old grandpa billionaires I can get some of that money 💴 and force to leave their wives haha. “Oh wait there dead now” lol

[@LittleMissSunshineHA]

how about u pay attention to the convo instead of telling her what to wear. a thigh shouldn’t distract you. i hate to break it to u but u, too, have thighs

[@TXP9]

Veg you’re absolutely right, in fact, she should be naked for the next interview. Using your logic, that shouldn’t distract us either, because we all have bodies.

[@muditjoshi7960]

TXP9 don’t dwell on veg’s logic but rather her statement, this is a informative video and what the girl is wearing should be irrelevant

[@monarch3724]

@@muditjoshi7960 it should be irrelevant. But can it really be. Has it really be. Is it even possible.

[@JohnDoe-ge2po]

She's a great interviewer of both Buffett and Munger.

[@RICHTVLIVE]

Smart date the stock first

[@MostCommentsAreFake-ud8by]

Do they not get on ?

[@pongfoong9523]

Unvesting coss you just to see about the stat price .you didnt investing on the cal.didnt know you pay it about what for sure.

[@chrisfan9492]

love these 2

[@ratikantajena08]

I admire Charlie more

[@bbb7467]

Looks like Charlie didn't like the fact that Warren didn't tell him that he too was getting the same suit and tie, could have saved a dollar in the buy more save more offer.😂

[@lemkodude3266]

And there you have it: most all of what you need to know and a perfect example of "reasonable".

[@Cefdfsacq]

Becky is one of the best interviewers….always upping her game. she is always so prepared that the conversion is fluid……… and revealing. She never makes it about her reminding everyone how much she knows. Good professional move placing the pad over the legs ….kept Charlie s head from exploding

[@MrCementer88]

Stoic Charlie!

[@Roosterbate44]

Charlie you da man 💪

[@acemontoya5481]

I wonder if Charlie would pay attention if she sat like the scene in fatal attraction? Damn!

[@ahsanmohammed1]

Didn’t understand half of what they said

[@angelicpowers3526]

Stick to the long arm game best piece of advice to give to any Investor as it's not a quick turnaround but a safe and sure bet.slow and steady wins the race.In today's world everyone is looking for the get rich quick scheme and that in the long run leads to fraud and extreme uncertainty

[@ericli2936]

These guys needs the Robert Kraft special. Ling Ling with the soft hands will make it all better 😝

[@Mr.Mister420]

Charlie having War Flash Backs

[@mr.fusion9872]

“I don’t like lying” , pretty good motto to live by..

[@ruixue6955]

1:37 fervor 1:55 Buffett's thought about Uber IPO 4:23

[@AntonioCostaRealEstate]

And the interviewing gal keeps getting it right. And she is good looking to boot. Keep on bringing the old geezers with her. Certain things never get old.

[@MrKT410]

Didn't they buy SNOW after this? First time for everything.

[@pongfoong9523]

If my tank laos now that freaking me sure i have to find the way the making hao cool good stuff again.

[@stevenwalshe9522]

Their approach is astonishingly simple, its hard for a simple minded being to comprehend that it simply is.

[@iFreeThink]

No. Idea.

[@brandonspiegel2293]

interesting

[@thegoat5587]

So nobody gonna talk about the small stair in the front of their chairs

[@traphouser3v3si0ner5]

With respect...it's impossible to forget when a student' say everybody short hhhhhhh

[@Potatoroomr]

So rational in their decisions