Interview between the rich and the richer (Buffet vs Gates)
by Chris Leong
Buffet and Gates talk a little about Google towards the end of the interview. Near the end (skip to the 6:10 mark of the 2nd video) Fox’s Liz Claman talks about Buffett’s love of Google, quoting him: “Their moat of competitiveness is so wide and what they do is so tough to compare and to compete with that in that moat are sharks and crocodiles that no one can get near.”
Gates fires back, saying that Microsoft is undeterred: “Well, technology companies do for a period get in these wonderful positions and, you know, it’s great that there’s somebody willing to attack those moats. Microsoft is undeterred. We look at each one of those crocodiles and we say charge!”
Buffet responds “No shark wants to come up against him,” and Gates ends with “So, it is, it is a daunting thing, but consumers benefit when somebody’s willing to take that on and say, hey, we can do a better search product.”
Thanks to TechCrunch for the post.