Warren Buffett bought Microsoft stock after meeting Bill Gates and made a $37 billion acquisition thanks to a chance encounter. Here are his 10 best quotes from an interview in a new book.



Warren Buffett wearing a suit and tie: Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs' 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook


© REUTERS/Rebecca Cook
Warren Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion following a news conference announcing a $20 million partnership to bring Goldman Sachs’ 10,000 Small Businesses initiative to the city of Detroit, Michigan, November 26, 2013. REUTERS/Rebecca Cook

  • Warren Buffett gave investing advice to Bob Woodward, purchased Microsoft stock after meeting Bill Gates, and struck a $37 billion deal thanks to a chance meeting, he told David Rubenstein in “How to Lead: Wisdom from the World’s Greatest CEOs, Founders, and Game Changers.”
  • The famed investor and Berkshire Hathaway CEO also touched on railroads, his annual shareholder letters, his retirement plans, and his company’s future in the interview with the co-executive chairman of The Carlyle Group.
  • Scroll down to read Buffett’s 10 best quotes from the discussion.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett gave investing advice to investigative journalist

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North San Jose tech center is bought by California investor

Two modestly size office buildings that sit on a north San Jose lot that’s big enough to be redeveloped have been bought by a Southern California investor.

In a rare occurrence for Silicon Valley office buildings, the sellers sold the property for less than what they paid for it, Santa Clara County public records show.

An affiliate of JW Capital Inc., which is headed by San Diego-based investor John Wang, bought the two north San Jose buildings in a cash deal, according to property documents filed on Oct. 2.

The two buildings are located at 1110 and 1120 Ringwood Ct. in San Jose and together they total about 79,000 square feet, according to a brochure prepared by CBRE, a commercial real estate firm that has been working to find tenants for the office buildings.

JW Capital paid $10.6 million for the two buildings, county documents show. The buildings make up

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‘Why I bought a voting machine on eBay’

“Earlier this year, I attended a conference and was shocked to find that you could actually buy voting machines on eBay. So I bought one, two months ago, and have been able to open it up and look at the chips.”

Beatrice Atobatele is trying to hack one of the most commonly used voting machines in the US, to look for security vulnerabilities, but not with any criminal intentions.

Beatrice is actually one of more than 200 people who have signed up to a volunteer group of security experts and hackers called the Election Cyber Surge.

Beatrice Atobatele taking apart her voting machine to test it
Beatrice Atobatele taking apart her voting machine to test it

And by understanding how this machine works, she hopes she can ensure any vulnerabilities are fixed.

“I’ve bypassed the authentication itself,” she says.

“I’m still learning and trying to find any new vulnerabilities that might not be known about yet.”

Human error

The problem

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Why I Bought These 2 Tech Stocks Hand-Over-Fist in September

September has been a rough month for stocks in general and technology stocks in particular. The Nasdaq composite index, which is largely made up of technology stocks, has crashed into correction territory and is currently about 17% below its August highs.

Yet the digital revolution is very real, with the pandemic only accelerating big tech trends around cloud computing, AI, and 5G that will shape the next decade. As such, the recent pullback could be an opportunity for long-term investors to buy the best-positioned tech stocks for these multiple growth industries.

In September, two all-star tech stocks that play big parts in that tech revolution got hit particularly hard due to fears over China. However, I think these specific concerns seem widely overblown, so I flipped over the couch cushions to buy up as much of these two stocks as I could.

A young woman in lab gear holds a semiconductor chip over a motherboard while tech-related animations fly around her.

Semiconductor equipment manufacturers have wide economic moats. Image

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