Part 6: On direct-to-consumer insurance, single-payer health care, Elon Musk and financial moats, Berkshire Hathaway Energy, real estate brokers, and Kraft Heinz.
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Buffett discusses Geico-izing small commercial insurance businesses. Munger predicts the U.S. will get single-payer health care if the Democrats take control of both houses and the White House. Buffett discusses the importance of “moats” in business. He also says Elon Musk shouldn’t challenge Buffett in the candy business.