Becky Quick: Warren Buffett's Biggest Lessons, CNBC, and Finding Purpose Through Adversity

**Becky Quick** (0:00)
To me, our job is to educate people about what happens when you have the law of compound interest working for you. I mean, that's something Warren Buffett has taught me. It's something that goes all the way back to Benjamin Franklin. If you are putting a little bit of money aside, you don't have to make yourself super uncomfortable to do it. You can just bet on the S&P 500 and just bet on American business writ large, and you will have a decent retirement if you do that and allow that runway. If you don't buy every single thing you want right now, maybe sacrifice a little now, just a little, that can really pay off and make sure that you have a safe place to be at the end of the day. I talk to him multiple times every week, and we've built up a friendship.
For Warren, he's just exactly what you see is what you get. He is authentic. He means it. He doesn't care about the money other than that he's giving it all away. He's still living in the same house he bought back in the 1950s.
He's not using money the same way a lot of other people do. It kind of reminds me of Elon Musk, who might be sleeping on the factory floor while he's got all this money. He's focused on the work that he's doing.

**Wilfred Frost** (1:09)
Welcome to The Master Investor Podcast with me, Wilfred Frost, where we celebrate and learn from the success of the greatest investors, business leaders, and politicians in the world, giving you, our listeners, an edge. The Master Investor Podcast is sponsored by LSEG, Interactive Brokers, The World Gold Council, and BNY Investments. Please do remember the views expressed in this podcast are for general information purposes only. Nothing in the podcast constitutes a financial promotion, investment advice, or a personal recommendation. More on that in the show notes.
My guest today is one of the best known personalities in business and markets worldwide. She is a titan of business journalism, the anchor of Squawk Box on CNBC, my former colleague and my great friend, Becky Quick. Becky, it is a joy to see you and an honour to have you on The Master Investor Podcast. Welcome.

**Becky Quick** (2:10)
Well, thank you very much. I can't tell you what an honour it is to be here with you. First of all, and second of all, how much we miss you in the United States and at CNBC over here.
Always, always, always loved getting the opportunity every once in a while to get to anchor with you, but just having you on our air, it's a huge loss to not have you there. Love what you're doing over there, but we're always going to miss you here.

**Wilfred Frost** (2:32)
Well, you're as ever far too kind, but trust me, the sense of missing you guys is absolutely mutual and you in particular. It's always been so much fun to broadcast alongside you, and I'm very much looking forward to grilling you for the first time, Becky. And we've got lots of great topics to come. I want to talk about CNBC itself, about Squawk Box. I want to talk about Warren Buffett. I want to talk about CNBC Cures, most of all. But let's just dive right into the action, because early this morning or late yesterday, President Trump announced a peace deal or at least a framework to reach a peace deal with Iran. And as is so often the case on Squawk Box this morning, you've just come off air, you are making headlines, because you managed to get JD Vance, who ultimately negotiated that peace deal, to drop in and tell you the key parts of it.

**Becky Quick** (3:23)
Yeah, we had about eight minutes with the vice president, and we weren't even sure we were going to get it until this morning. So it was definitely a last minute addition.
But I learned a lot in those eight minutes. And I'll tell you what I thought the highlights were. First of all, it sounds like this is a framework really just to agree to keep talking. Because when we asked specifically what's in the agreement, the answer was basically the text is coming later this week. That his initial answer was that this would be the end of their nuclear ambitions. When he spoke a little bit more, it became clear that this is something that they hope, the United States hopes will end their nuclear ambitions. There's clearly a lot of disagreement on both sides of this. This is an agreement to extend those talks for the next 60 days. While they're doing that, both sides have agreed to make sure that the Strait of Hormuz is reopened. That's the immediate news for the market. The idea that for 60 days at least, and JD Vance, the Vice President, saying they hope it will be much longer than that, that both sides will agree to stop blocking the strait and they'll guarantee safe passage. It won't cost anyone any money or any tolls or taxes to go through.