Billionaire investor Mario Gabelli: Warren Buffett has created enormous wealth for his shareholders

GAMCO Investors CEO Mario Gabelli joins 'Squawk Box' to discuss Warren Buffett's leadership at Berkshire Hathaway, latest developments on Paramount's merger talks, campus protests, and more.

[xpudqbp]

Charlie Munger - The Architect of Berkshire Hathaway

[davidmercado]

Nothing further to add, rest in peace Charlie

[joseperez-igyu]

Warren Buffet just knows how to invest in companies because his mind is always analyzing what to invest in and what to stay away from!🎉😊😊

[eggnogaddict]

This is great and all, but the S&P will take it from here. Berkshire is basically an actively managed index fund at this point paying zero dividend with all the risks of active management. It’ll naturally underperform the S&P. Basically a handful of misses by Berkshire will reduce its overall return while the S&P naturally sheds losers and picks up winners staying ahead of the game.

Berk is just too big to outperform now. It’s in the weird zone of owning a lot of businesses while not being diversified enough. Oddly, the best years of Berkshire were due to lack of diversification because 1-3 assets could crank outsized returns. That same effect wont be realized in the years to come.

[davidmercado]

As for myself, I’d like to offer some “Advice on the Choice of a Partner.” Pay attention. Look first for someone both smarter and wiser than you are. After locating him (or her), ask him not to flaunt his superiority so that you may enjoy acclaim for the many accomplishments that sprang from his thoughts and advice. Seek a partner who will never second-guess you nor sulk when you make expensive mistakes. Look also for a generous soul who will put up his own money and work for peanuts. Finally, join with someone who will constantly add to the fun as you travel a long road together.

[GMThePeople]

"Mario Gabelli" is an anagram for "Liberal Amigo", or if you prefer, "Grim Ole Labia". o/

[Not_Entrtiner]

Ask him what he likes most; factors, warrants or knock-outs

[cozyslor]

I wouldn't trust Mario Gabelli. Scammer.

[huruhooroo]

Let me ask this "Who is richer, Buffett or any of his shareholders?" So it's his shareholders that have created enormous wealth for Warren Buffett.

[ShamileII]

I would never own Berkshire stock. It doesn't pay a dividend and I'm not paying for Buffett's lear jet fuel. Unrealized gains doesn't put a penny in your pocket.

[illegalsmirf]

And it's about time they all started paying their fair share of tax on their wealth.