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Which competitor would Buffett and Munger "kill?"

Buffett & Munger2016-04-30video1:39Open original ↗

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SpeakersQuestioner2Other1Warren1
QuestionerIf you had a silver bullet, which competitor would you take out and why? And sorry, and you can't say Donald Trump. Which competitor and which businesses? I mean, you're asking about which competitor would you kill if you could.
OtherI don't think we have to answer this one. Charlie's a lawyer.
WarrenBut I've thought about the question. Now, we have lots of tough competitors. And in many areas, we're a pretty tough competitor ourselves. And the real, what we want our managers to be doing, you know, is thinking every day about how to achieve a stronger competitive position. We call it widening the moat. But we want to turn out better products. We want to keep our costs down to a minimum. You know, we want to be thinking about what our customer is likely to be wanting from us, you know, a month. the year, 10 years from now. And we're not targeting competitors for destruction. We're just trying to do the best we can everywhere.
QuestionerSpoken like an antitrust lawyer. Okay. We really hope to be the ones that the other guys want to use the silver bullet on it.