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Billionaire Investor Warren Buffett Speaks with CNBCs Becky Quick on Squawk BoxBILL GATES, MICROSOFT FOUNDER CO CHAIR OF THE BILL MELINDA GATES FOUNDATION, CHARLIE MUNGER, VICE CHAIRMAN OF BERKSHIRE HATHAWAY JOIN THE CONVERSATION AT 8. AM ETWHEN Today, Monday, May 8th. WHERE CNBCs Squawk BoxFollowing is the full unofficial transcript of a CNBC interview with Berkshire Hathaway Chairman CEO Warren Buffett on CNBCs Squawk Box M F, 6. Goas Chopara Fort Why its a mustvisit. If Bollywood fame is anything to go by, Chapora Fort has had its time in the sun with the blockbuster movie Dil Chahta. A nationwide index of haunted places, brief descriptions of ghostly places. AM 9. AM ET today, Monday, May 8th. Video from the interview is available on CNBC. All references must be sourced the CNBC. JOE KERNEN What time did you get in last night from Omaha ANDREW ROSS SORKIN About 8pm. JOE KERNEN So that was perfect for you. ANDREW ROSS SORKIN Perfect good enough to see the kids and to give them little dolls of Warren Buffett. I went and bought some dolls of Warren Buffett which is my nice segue to get back to Becky, who is in Omaha. Not with the doll Warren Buffett, but with the real thing. JOE KERNEN Now, these arent voodoo dolls, right ANDREW ROSS SORKIN No, no JOE KERNEN Okay. ANDREW ROSS SORKIN no. JOE KERNEN I dont know. I mean what do I it sounds strange, thats ANDREW ROSS SORKIN No, they talk Warren knows BECKY QUICK No, its they ANDREW ROSS SORKIN They talk BECKY QUICK its the Secret Millionaire one, right ANDREW ROSS SORKIN The Secret Millionaires. They talk. They have a DVD. Were gonna watch the cartoons, and my my kids are gonna learn about money from Warren Buffett. And we have the I got both of them I got two. JOE KERNEN Warren. I wanna see if it works. Im gonna stick ANDREW ROSS SORKIN I too. JOE KERNEN Im gonna stick a needle into one of theseANDREW ROSS SORKIN Oh, stop it. JOE KERNEN little Im just see if you feel anything when I do this. Warren, are are get read no, I actually dont have one. But Im gonna try that. Did you how much do you get for each one ofthem. ANDREW ROSS SORKIN I meanJOE KERNEN I betcha he makes money on each one of those. I you can never have enough. Right, Warren WARREN BUFFETT Youll get the voodoo dolls Joe. Ive got a special one for you. JOE KERNEN Startin on ya early, Warren. WARREN BUFFETT I know. Im weak too. JOE KERNEN Yeah. Youre vulnerable. Okay, good. All right. BECKY QUICK Well, guys, lets jump into this right now with both feet. Warren Buffett is our guest this morning. Hes the chairman and CEO of Berkshire Hathaway. And this is his first interview sitting down since he spoke to 4. Berkshire shareholders over the weekend, just across the street from here. Warren, thank you very much for joining us this morning. I was kinda thinking back and this is 5. And the annual meeting has changed quite a bit over that course of time, but it in reflecting back on the weekend yourself, what was your headline out of this weekend What was your takeaway and what did you thinkWARREN BUFFETT I would say people continue to have fun. I mean you know, its kind of a half Mardi Gras, half annual meeting that they come for and I see thousands of em ate in a Steak House last night. There are a couple hundred there, and theyre all smiling. And you know, there were planes that didnt fly and a few things that but in inconveniencies. But they have fun and they meet a lot of people that they saw the previous year. And matter of fact, when we went to Steak House the directors all went there. The same guy picked up our check thats probably picked it up for 1. And it just hes happy there. Munger Road Full Movie' title='Munger Road Full Movie' />You know It Im tryin to find out where hes eating today, actually. BECKY QUICK So that you can buy him lunch WARREN BUFFETT Well, I BECKY QUICK Or so that you can show up and and get another free lunch out of it WARREN BUFFETT Yeah. No, it but everybodys in a good mood. I mean theyre clapping at the Steak House. And they they come because they expect to have a good time, and we try not to disappoint em. BECKY QUICK Well, we watched a lot of different things and heard so much from the Q A this weekend. And I was tryin to figure out the theme myself. One of the ones that themes that stuck out with me is technology, and how much that was discussed this weekend. For a guy who claims that hes not really a technology guy, in fact doesnt even own a smart phone you spent an awful lot of time talking about technology investments that that you made or didnt make. That you missed out on. I was thinking in particular about Apple. That you talked quite a bit about, why you got into that. IBM. Why you are selling some of that stake. But you also talked about companies like Google where you said you missed it. And maybe you could tell us a little bit about that for people whoWARREN BUFFETT Yeah, well, I did miss it, but I Charlie actually brought up the fact, we must have too, and Google I should have had some insight into, because Geico was a heavy user very early on. So here we saw value in something. At that time I have no idea what were paying for a click now, but but we were paying 1. I mean we could see that. So I should have had more insight into that. Now, whether Bing was gonna come along or other people were gonna take away the market, thats another question. Whether you had sort of a first user advantage that would be would prevail. And there is a lot of technology to it. So somebody could have come along with a better technological product that I would not have had any insights into that. I certainly had insights into the benefit to the user. I think a blazer surgeon or something like I think it may have sold for 6. Mesothelioma. I mean that I dont know what it brings now, but just imagine having something. Every time you just hit a click, you know, a cash register rung somewhere out in California. So it was an extraordinary and is an extraordinary business. And it has some aspects of a natural monopoly. I mean it its very easy for me when I go to the computer. Ive worked with Google before, and but Im looking for information for the annual report. I used to have to mail away to federal agencies or go down to the public library, and now I can get it in 1. So its a hugely valuable device, which the other guy pays for. The user of the computer doesnt. The answer is we missed it. And I knew once they came to see me before theyBECKY QUICK Sergei and Larry came to see you WARREN BUFFETT Yeah, and actually Eric did too. BECKY QUICK And Eric. WARREN BUFFETT Yeah, yeah. I liked em. BECKY QUICK So when you say you missed it, that that suggests that its now at a valuation you understand the company but its now at a valuation that doesnt make sense to you Why dont you just buy it now WARREN BUFFETT Well, its if I was forced to buy it or short it, Id buy it. Same way as Amazon. But its a little hard when you look at something at X and it sells at 1. To buy it, it shouldnt be, but I can just tell you psychologically its harder. If you looked in the first place and passed the at X to then buy it at 1. X. Thats cost people a lot of money at Berkshire. Watch Eva Full Movie'>Watch Eva Full Movie. I mean they saw it at a lower price and they just said, If it ever gets back there, Ill buy it. But thats a terrible way to think, but. BECKY QUICK The train has left the station, actuallyWARREN BUFFETT Yeah, exactly. BECKY QUICK As you like to, so so frequentlyWARREN BUFFETT Exactly. BECKY QUICK point out. How come you dont feel that way about shares of Apple How come you feel like thats a different story WARREN BUFFETT Well the shares when we bought em, at least, were much more reasonable in relation to current earnings. Apple didnt have to do a lot better in the future than they were doing at the current time. When you get into a Google and Amazon youre paying for the future more. But that may they may well havea better future. Amazon Prime Day sale begins at 6 pm Buy 1, Get 1 TV on offer, discounts on electronics. Moneycontrol News Starting today, members of Amazons Prime membership can start shopping for a host of deals across various products categories such as smartphones, white goods, fashion apparel, toys and so on, through what the Amazon is referring to as its Prime Day. The mega sale from the e commerce giant in India comes ten days after the new Goods and Services Tax was rolled out on July 1. The offer is slated to go live at 6 pm IST and will last for 3. 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