Podcast: Warren Buffett and Charlie Munger on investing in firearms, emerging markets, the future of Berkshire, and how they’d spend $1 billion today

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At the 2018 Berkshire Hathaway Annual Shareholder Meeting, Warren Buffett and Charlie Munger explain how they keep their political beliefs separate from their business decisions. They also explain why Berkshire prefers to return capital to investors through buybacks instead of dividends. Buffett then responds to a question from a shareholder on how he’d spend $1 billion today.

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