Berkshire Hathaway 2018 Annual Meeting Audience Question # 57

Warren: Charlie and I “would be the last guys in the world to have a family office”

Warren Buffett:

OK, station 10.

Audience Member:

Hi, good afternoon. Good afternoon, Warren. Good afternoon, Charlie. And my name is Eugene. I come from China, and I work for family office. And we are serving high-worth individual clients in China. And you two would be my dream customer.

I know your shareholder Bill Gates has a family office, which, helping his wealth. So my question is, do you have a family office, and what… can we know what they do, some… anything for you? And if not, are you planning to have a family office in the future?

Charlie Munger:

We already have a family office. It’s sitting right here.

Warren Buffett:

Yeah, we would be the last guys in the world to have a family office, actually.

There are a lot of them around, and… but it’s not something that fits the Munger family or the Buffett family.

Charlie, you have anything?

Charlie Munger:

No.

Warren Buffett:

OK.

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