Following Berkshire Hathaway’s annual shareholder meeting, Warren Buffett and Charlie Munger (later joined by Bill Gates) have a tradition of doing more than a few interviews. Here’s a snippet from their 07-May-2018 interview (video, transcript) with CNBC’s Becky Quick on “Squawk Box,”

[Charlie Munger] I wanted Berkshire to buy the French stake in Costco when the French left.

[Becky Quick] What year was that?

[Charlie Munger] Oh, that was a long time ago.

[Warren Buffett] I was at a bridge—I was playing at a bridge tournament. They actually called me outta this thing—which is very bad etiquette at bridge tournaments. And Charlie is saying—basically saying the French firm, big retailing firm there, had about a 15% block or something like that. Charlie said, “Shut your eyes and buy it.” And—

[Charlie Munger] He said, “I’m gonna shut my eyes and say no.”

[Warren Buffett] I should’ve bought it.

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