Episode 7: On productivity and job cuts, Berkshire’s cash, the biggest threat to mankind, Todd Combs and Ted Weschler, Berkshire voting rights, and 3G Capital.
Buffett acknowledges that job cuts, but explains it’s a part of improving productivity. The two discuss how they think about managing Berkshire’s massive cash balance and how they decide to deploy it. They also warn about the threat of weapons of mass destruction. Buffett also talks about how his money managers Todd Combs and Ted Weschler think. He also addresses what it means that he is giving away all of his shares of Berkshire Hathaway.