🚨NEW EP with @BeckyQuick:
“Invest early, do it often, & let it ride, and don't worry about what's happening. To me, our job at @CNBC is to educate people about what happens when you have the law of compound interest working for you.”
What a joy to catch up with my dear friend Becky Quick on the latest episode of The Master Investor Podcast ��� anchor of @SquawkCNBC & a true titan of business journalism. We covered US-Iran peace deal; @SpaceX IPO; lessons from Buffett; @ElonMusk vs Warren Buffett; the beauty of the purity of markets; & her inspirational #CNBCCures.
WHAT IS BUFFETT’S GENIUS?: “Patience. He & Charlie Munger have repeatedly said one of the things they're best at doing is nothing. There are a lot of people who feel like they have to act because the markets are going up & up & they have FOMO. Warren’s never had FOMO.”
MUSK v BUFFETT: “Charlie Munger & Warren Buffet have both told me individually they might not buy the stock [SpaceX] but they would never bet against Elon Musk because it is a pretty risky proposition to do so.”
TRUMP IRAN DEAL: “I don't know that he is nearly as focused on the midterms as most of the other elected officials in the Republican party…I think he's probably more focused on getting things done & I think he sees Iran as a particular issue that he would like to be able to say that he's brought peace there or at least cleared Iran from having the ability to have nuclear weapons. I think he probably takes that more seriously than winning the midterms.”
CNBC CURES: “The idea that you're just trying to figure this out & nobody understands what you're going through. And you start to realise that if you can do something to help you should. And that was the genesis of CNBC Cures to figure out how do we connect some of these groups so that they can learn from each other and then use CNBC's platform to make sure we're getting in front of the legislators, the regulators and the investors.”
Timestamps:
0:00 Intro
3:00 US-Iran peace deal
5:57 Iran over Mid-Terms for Trump
8:09 Buffett - don’t bet against Elon Musk
9:45 Déjà vu of late 1990s?
12:40 CNBC’s role – financial education
16:50 21 Years of Squawk Box
20:07 Purity of the markets
22:16 Lessons from Warren Buffett
26:05 Buffett’s secret – patience
30:07 CNBC Cures
40:20 Loneliness of rare disease
44:48 Investing, career and life advice