Berkshire Hathaway 2017 Annual Meeting Audience Question # 56

Warren would like to be remembered as a teacher

Warren Buffett:

Now, we’re moving from one station to another between now and 3:30, so we now go to station 8.

Audience Member:

Good morning or good afternoon, Warren and Charlie, John…

Warren Buffett:

Hi.

Audience Member:

… Norwood from West Des Moines, Iowa. You guys have iron bladders.

Warren Buffett:

We won’t tell you the secret to that.

Audience Member:

Fine…

I was wondering about a contraption under the…

Warren Buffett:

No.

Audience Member:

… table there.

Warren Buffett:

No. You can come down and inspect.

Audience Member:

All right.

Hey, I had a question for each. Warren, I was fortunate to ask you a question, I think, in 2011 about legacy and what you wanted to be known for a hundred years from now. And I’m kind of curious to hear what Charlie would like to be known for.

Warren, I’m 52. So I guess you started this… doing this… when I was born. And I’m kind of interested in a memory from your first annual meeting.

Charlie Munger:

My first memory when Warren got on this subject and they asked him what he wanted said at his funeral.

He said, “I want them to all be saying ‘that’s the oldest looking corpse I ever saw.’” And…

Warren Buffett:

That may be the smartest thing I ever said.

Oh, it… well… with me, it…very simple. It… I really like teaching.

So, basically, I’ve been doing it formally and, you could say, somewhat informally, all my life.

And I certainly had the greatest teachers you can imagine. So, if somebody thought that I did a decent job at teaching, I’d feel very good about that.

Charlie Munger:

Yeah. To make the teaching endurable it has to have a bit of wise-assery in it. And that we’ve both been able to supply.

Warren Buffett:

And for those of you who are old-time basketball fans, have I mentioned that on Wilt Chamberlain’s tomb it was reputed that it was going to say, “At last, I sleep alone?”

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Q&A with Warren Buffett and Charlie Munger: A Compilation of All Shareholder Questions and Answers from The Berkshire Hathaway Annual Shareholder Meetings

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