2021: Do Buffett and Munger have differing opinions on Costco and Wells Fargo?

BECKY QUICK: This question comes from Henry Zhou. And he says, “It looks like Charlie and Warren have some different opinions recently, like Costco and Wells Fargo. Where’s that taking Berkshire?”

WARREN BUFFETT: Charlie? (Laughs)

CHARLIE MUNGER: Well, we’re not all that different. And Costco is a company I very much admire, and I have enjoyed my long association with it, that company. And — but I love Berkshire, too, — so.

And luckily, there’s no conflict. And Warren and I don’t have to agree on every damn little thing we do. We’ve gotten along pretty well.

WARREN BUFFETT: We have — (laughs) — better than pretty — we have never had an argument —

CHARLIE MUNGER: Yeah.

WARREN BUFFETT: — in 62 years. And it’s not that we agree on everything. But we’ve literally — in 62 years, we’ve never gotten mad at each other. (Laughs)

CHARLIE MUNGER: No, no, no —

WARREN BUFFETT: It just doesn’t happen. (Laughs)