Following is the transcript of a CNBC interview with Warren Buffett on CNBC: – I ask people about products all the time. – What do you do with iPhone and how? – Could you live without it? – When you trade it in what you’re gonna do with it? – It’s a consumer product. – Continue reading

Buffett’s Secret of Success: 1. The power of the float and 2. The power of compound return Insurance premiums are effectively a free loan. You don’t have to pay any interest, just make sure you don’t pay out too much in claims. These premiums are known as the float and act like a leverage for Continue reading