Warren Buffett's Epic Costco Joke About Charlie Munger

Join legendary investors Warren Buffett and Charlie Munger for a hilarious moment during their annual meeting. In this clip, Buffett cracks a joke about Munger's obsession with Costco, revealing their playful and dynamic working relationship. Discover why Munger's admiration for Costco is so well-known and enjoy this classic comedic moment.

[deanlawson]

Hahaha!! That was hilarious!!!
Who knew stodgy Warren Buffet was funny like that??

[ThePuttercross]

Poor Charlie wasn't wrong. Over the last five years CostCo has gone up 249% while paying a 0.53% dividend...pretty prophetic if you ask me.

[Mike-ymrl]

Well, the joke is on Warren Buffet. Charlie Munger was right, Costco has outperformed Berkshire Hathaway for the past three decades.

[palaceofwisdom]

I make a six figure salary and I still love Costco. They have great prices and you find things there that many regular grocery stores don't carry.

[stunnaash]

This can only mean the late CM was giving this rationale to WB once a week the whole time they've known each other

[darrennew]

Remember: you now need more ID to get into Costco than you need to get into a voting booth.

[budmonk]

I absolutely love Costco. If it weren't for these great American brands here in Canada, the local companies would directly garnish our salaries and dole out rations every week. No choices or substitutions either.

[johnweems]

Paying employees well and providing them with benefits. How tragic.

[tonymanero]

And CM is a LA Republican but I believe his wife is a Liberal, or has liberal preference.