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,”

Basically I like…bad news that isn’t going to last… But, I mean, bad headlines don’t bother me. I mean, I had bad headlines when I bought that stock right after two or three months after Pearl Harbor and knew it was going to have bad headlines for a long time. So, I am not worried about—we’ve made the most money when there’s been some temporary bad news. I mean, over time. Now, you got to be sure it isn’t permanent or something of the sort.

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