Saturday, 2 June 2012

Lara Logan - Person To Person - Warren Buffett - Cbs News

(CBS News)

Warren Buffett is usually one of the richest guys within the world. His company, Berkshire Hathaway, owns or perhaps is known for a spot inside more than seventy firms including Coca Cola, IBM, and American Express. But that is no normal billionaire. He's presenting 99 p'cent of his wealth to charitable trust as well as they perceives rich folks have to fork out greater taxes.

Special section: "Person for you to Person"

"Person that will Person" take that you when Buffett's ultra deals are done. His private business in Omaha, Neb., is actually when non-traditional since the man himself.

WARREN BUFFETT: Charlie, Lara I'm lucky to have you right here at entire world headquarters. (LAUGHS)

CHARLIE ROSE: Why Omaha regarding you?

WARREN BUFFETT: Well, an individual know, I was created here. I've usually happen to be happy here. II've resided several other areas Washington D.C., New York. .It's home. And I stay five seconds out of here. I've lived while in the similar house hold pertaining to 53 years. I've been with the following building pertaining to 50 years. My automobile only instantly drives forward and backward (LAUGHS). If I try to assume anyplace else, that would not go.

CHARLIE ROSE: So no prefer to possess plenty of, a lot regarding mansions throughout the world, an enormous boat dozens of issues that will your current prosperity could help you do?

WARREN BUFFETT: I have just about every possession I want. I use a massive amount close friends exactly who have a very lot more possessions. But in certain cases, I feel the particular closet possess them, rather than the other technique around.

CHARLIE ROSE: There are generally some personal references for the University involving Nebraska there, the Big Red. Does in which football workforce imply something?

WARREN BUFFETT: It usually means a lot. Means everything. It in Nebraska, when there is certainly a div whenever there exists a divorce, the particular husband's comments says, people know, "You will surely have this kids, I need that tickets." (LAUGHS) .Yeah, come on and show off around slightly here. (CHUCKLES)

Here's a new Nebraska headgear signed by way of Tom Osborne as well as a amount in the prime players. I've I've been recently red-shirted me personally right now intended for 61 years. But I'm wanting to go if the need arises.

LARA LOGAN : I observe there exists an indication that you just have been directed for you to there above ones ones hallway.

WARREN BUFFETT: Well, it in the event you keep your Notre Dame locker room, there is a sign, anyone know, "Play just like a champ today," in addition to and all your gamers touch that will as they definitely fall out to the field. And I figure, with Notre Dame's record, everyone know, (LAUGHS) whom I am which am I not.to argue with that? .We simply feel this kind of every early morning when we consist of and also hope for that best. (LAUGHS)

CHARLIE ROSE: Take us into your hallway.

WARREN BUFFETT: Let's go around, as well as we will check out that.

CHARLIE ROSE: My goodness, appearance during this.

WARREN BUFFETT: We possess an array of issues here. Let's begin having a number of the sports material. Here's Ted Williams with his very first activity as being a Red Sox gambler against Holy Cross.

CHARLIE ROSE: What does one admire about Ted Williams?

WARREN BUFFETT: Ted Williams detailed in his / her book, "The Science of Hitting," that the key idea for the hitter could be to watch for the suitable pitch. And that is exactly the doctrine I have in relation to investing.Wait regarding the proper pitch, yeah, and. look forward to the proper deal. And it will eventually come. It's the crucial for you to investing.

CHARLIE ROSE: Is that Tiger Woods I see?

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