Buffett: We sold entire Paramount stake at a loss · Transcript · BuffettMungerGPT

WarrenWe've sold. A, I was 100% responsible for the Paramount decision. I read speculation that either Ted or Todd had some involvement in that. No, it was 100% my decision. And we've sold it all and we lost quite a bit of money and that happens in this business too. But actually owning Paramount made me think even further. I like to think deeper, but I certainly look harder even about the whole question of what people do with their leisure time and what the governing principles are of running an entertainment business of any sort, whether it's sports or movies or whatever it might be. And I think I'm smarter now than I was. to a couple years ago, but I also think I'm poor because I acquired the knowledge in the manner I did. But I just want to be very clear that A, we lost money on Paramount and B, and I did it all by myself, folks.