charlie's true, i mean people always want to drive above the speed limit, our human being is to avoid the rules, if theres driverless car in the future, then every work of a company like mercedes AMG has done is nothing, because overlapping the speed limit is not allowed by the software, and no exhaust sound anymore, thats seems boring i think. (sorry for bad english anw)
Charlie was the only one thinking from the user's point of view here! Loved his assessment :) Though of course, you need people like Bill and Warren too, who think from a systems-perspective.
Your car is only capable of stopping in a certain time frame at a certain speed I think the speed limits will increase but most definitely school zones will see 15-25 max mph housing from 25-40 etc it will be a nice increase but we all generally go 7~ over anyways.
Hey said 15 years or so. That's not a long time. Also, he said that the technology is present today. Adapting regulations and things of that sort to this new technology is what's going to take the most time.
I just think the initial consumer product will be a bit unrefined, because it's so revolutionary, we don't really know 100% what form it will take. Just as a rough example, the first self-driving cars might look like cars we have today, but once refined, they might look more like living rooms in the interior, setup for a much more social experience. I have a feeling the vast majority of people are hesistant to spend large amounts of money on something that's going to be obsolete straight away, they want to wait for a certain tipping point. Still I wouldn't be surprised if it's 10 years, not 15.
Cost shouldn't be a big problem. Driverless cars should make owning a car unnecessary for a good chunk of the population. With a good rental system, it should be cheaper for a large portion of the population. Gas/insurance/maintenance/repairs and so on all add up. And your not paying a driver... Back those costs out and rentals become much more interesting. Think of it as Netflix for cars.
i am not sure, the systems driving cars can be hacked and all sorts of accidents can happen unless it comes with switching over with manual driving too.
Here’s how it’s going to happen. The manufacturer will be the insurance company as insurance companies are too stuck to understand and once the car companies know they’ve reached the threshold of safety they will take on the auto insurance part and that will be the time that you’ll find yourself in the new reality of automated mobility.
Vinay Seth The insurers lobbied the govt to add seatbelts and offered discounts on cars. Voila, market followed. Now the idea of not having seatbelts sounds reckless.
Once the car drives itself you’ll have an attitude to “driving” we’ve never known. People look to sleeping as the thing but I bet it’ll include more productivity. If you need to read something why not get your car to take you somewhere while you do it. Microwaves created a world no one could imagine for example.
Didn't he say 'world war', as in there was almost a world war between the two companies etc.? The audio wasn't very clear, so I could be wrong. We could be both wrong though! Anyway, I'll just look up 'Berkshire encyclopaedia' now! :P
Nope the cost is not really much more, Tesla is already pre-selling the feature for under 10k which is peanuts compared to the salary of a chauffeur, it's regulations the party that's slow but China is already implementing self driving buses
@@germanher7528 that still doesn't mean they're making profits though. If No profit, it's not sustainable. Not sustainable, it would die. It needs much more years for it to become sustainable.
The reason why people want to speed is because drivers are trying to make up for time lost in gridlock due to accidents from careless/intoxicated driving.
We still don't have driverless trains which makes sense. Driverless makes sense for public transportation for private cars it doesn't make sense. Boring!
Why don't we ask JD Rockefeller, J P Morgan & James Vanderbilt on sending a rocket to The Moon. These guys (except for Bill Gates) are passed their time.
@0:30 2 years is not way off. I'll be one happy camper when bloodsucking auto insurance companies go the way of the Dodo. By the very latest 2025 you will have an Uber-type service with no driver, if you so choose. @2:11 This statement will not age well. I guarantee it. @2:26 That is not a limitation of the future system. Sorry Charlie. You have no idea of what you're talking about.
15 years?? And that coming from Gates man I think he's way off I mean I do think it'll take longer than many of the more optimistic predictions but it definitely won't take 15 years.
Based on how slow regulations move in the US unless big cash lobbying (which I doubt Elon Musk Will do) it could even take longer (do to lobbying against by other car manufacturers) But when we add China to the equation it will take less, China has already put self driving public buses on the street so Tesla will be able to roll his freshly Chinese manufactured self driving cars on the streets by end year which will force the US to quicken regulations green light to save face on the technology and political aspects
Apologies to uncles learn and trust their word they are trying by all heart to make the world a better place I am too from where ever I am from what ever you own
In human history, this news clip is probably the highest depiction of net worth ever shown on camera all at once. It's kind of fucked up that 3 men have more money than multiple countries combined.
I slightly agree with you that the amount of wealth that can be accumulated by just couple people seems almost gross. But look at it from a different angle. Each of these men are self made. They've created huge value for society and instead of passing it on to their children, they'll be putting their wealth into humanitarian efforts after their death. That's an economic system that I want to live under, and I hope our future billionaires have as much as character as these men.
It's very simple math actually. The more people you can help/empower, the more money you will make. For example, the more rooms you have in a hotel, the more potential profit the hotel will make. If the number of rooms is too low, the hotel makes a small profit or perhaps negative return. Bill Gates and Warren Buffet just scaled up. Simple math. (Of course there are other business principles involved, but scale of influence is the base of the foundation.)
Simon what people like you repeatedly fail to grasp is that the wealthy aren't taking away from the pie. The pie is expanding! The only way to make ten billion dollars for yourself is to add more than ten billion in value to economy, so even the richest men have given more than they have taken.
I dont worry about the pie. I worry about democracy. The billionaires eat a little more pie, but they can only eat so much. Their money is mostly power rather than pie. Power to buy our democracy. Note that i do not blame these men of that. But for every buffet and gates, there is also a Martin Shkreli and a James Dimon.
Technology itself is great already and it will be ready for driverless cars very soon. However the legal problems are the thing that is holding it down. For example if driverless car hits to people who is to blame.
The legal issue is a big deal. To start with, the car will know exactly what happened so reconstruction of exact conditions of crashes will be easier to find fault. But even if there is legal issues, It doesn't mean the tech won't be everywhere much earlier than people think. There are 5 levels to look at with automated driving capabilities. Level 5 capable cars(true self driving cars) could be mass produced earlier than people think... Until reliability is good enough, I think they'll just call it Level 4(driver helps as needed) and leave the legal responsibility in the hands of drivers till its ready for prime time with an update. I believe Elon Musk is going something along this route.
He said until a meaningful amount of cars were self-driving. The technology exists, China uses it in certain cities already. It will be a while until mass adoption takes place at least for the average person buisnesses will be on the uptake quicker because they need to, to stay in business.
These evil mofos. You all are eating it up. It has nothing to do with safety from auto accidents. It's about taking our ability to move about freely. Everything tracked.
Networth is too high in this conversation
😂👌
👍😂
Charlie has a good witty sense of humor in his old age haha!
That's a lot of BILLIONS in one room.
Put Bezo in their and that be more than the worth of several large countries GDP.
A socialist's wet dream.
C6 Arsenic 90% of the world
There's always tension between Gates and Munger...
Yes, Dana White should step in and make it happen
warren is mine
no warren is mine......
Thanks! More Warren please! I watch everyone of these.
These guys together are worth way over 150 billion... a man can only dream
Or learn from them and get rich too?
Put together they are worth well over $300 billion
Jeff Bezos is worth more than 150 billion just himself
Currently Elon Musk is worth $190 Billion
@@fidedelarosa5882 *$200 billion
As someone whom has seen the whole internet revolution, with increased AI could cause less accidents, but when there is an accident it would be huge
charlie's true, i mean people always want to drive above the speed limit, our human being is to avoid the rules, if theres driverless car in the future, then every work of a company like mercedes AMG has done is nothing, because overlapping the speed limit is not allowed by the software, and no exhaust sound anymore, thats seems boring i think. (sorry for bad english anw)
Charlie was the only one thinking from the user's point of view here! Loved his assessment :) Though of course, you need people like Bill and Warren too, who think from a systems-perspective.
Cape support for my new Butler ... I'm here if you need a free shower
It must be the worlds most experiensive interview
When there are driverless cars there will be no speed limits...
Your car is only capable of stopping in a certain time frame at a certain speed I think the speed limits will increase but most definitely school zones will see 15-25 max mph housing from 25-40 etc it will be a nice increase but we all generally go 7~ over anyways.
Charlie is hilarious 😂
Billions are just numbers only 👍 apart from that their sincerity is the key over there ❤️
fatal accidents and injuries are down. Number of accidents have gone WAY up
Top 10 Anime Crossover
i could imagine everybody driving in driverless cars, i just cant imagine transition period when some will drive and some will be driverless
lawmaker22 transition period starting 2020
Shane Lewis Staring in 2020, as in before 2021
Is a full version of this interview available?
Not for you Eric cnbc got an interview with these three people just to cut it and put this small clip here
Back when $MSFT stock was priced $49.93
Bill Gates didn't see mobile computing taking off either. Now he says that driverless cars are way off in the future.
Hey said 15 years or so. That's not a long time. Also, he said that the technology is present today. Adapting regulations and things of that sort to this new technology is what's going to take the most time.
I just think the initial consumer product will be a bit unrefined, because it's so revolutionary, we don't really know 100% what form it will take. Just as a rough example, the first self-driving cars might look like cars we have today, but once refined, they might look more like living rooms in the interior, setup for a much more social experience. I have a feeling the vast majority of people are hesistant to spend large amounts of money on something that's going to be obsolete straight away, they want to wait for a certain tipping point. Still I wouldn't be surprised if it's 10 years, not 15.
Bill Gates SEE mobile computing coming, that is why they doing OS on phone when Apple just making iPod.
They just sucked at it.
Cost shouldn't be a big problem. Driverless cars should make owning a car unnecessary for a good chunk of the population. With a good rental system, it should be cheaper for a large portion of the population. Gas/insurance/maintenance/repairs and so on all add up. And your not paying a driver... Back those costs out and rentals become much more interesting. Think of it as Netflix for cars.
Charlie Munger is toxic 😂
Proverbs 11:30 The fruit of the righteous is a tree of life, and he who wins souls is wise.
Phenomenal interviewer
2 old dudes who do not understand how computers work and 1 dude who can’t stop windows from getting viruses
I know that somebody called Keith, reading the Daily Star and watching Eastenders, is coming the other way: and there’s gonna be a horrible accident.
part of the issue is most people drive at the glaring sunrise or glaring sunset.
Sensory networks are the key for driverless cars
I love Charlie
No exam scores for claims adjusters. I have no idea...
i am not sure, the systems driving cars can be hacked and all sorts of accidents can happen unless it comes with switching over with manual driving too.
MUNGER IS A BEAST
This three are the best
Here’s how it’s going to happen. The manufacturer will be the insurance company as insurance companies are too stuck to understand and once the car companies know they’ve reached the threshold of safety they will take on the auto insurance part and that will be the time that you’ll find yourself in the new reality of automated mobility.
Warren dropped most truth
Usually cargo and private roads.
What about driverless scootors and motorcycles
0:25 How did the auto insurance companies help make adjustments like seatbelts though?
Vinay Seth
The insurers lobbied the govt to add seatbelts and offered discounts on cars. Voila, market followed. Now the idea of not having seatbelts sounds reckless.
It makes sense the insurance companies would want to make cars and driving safer. They take in revenue and pay out less in claims
Once the car drives itself you’ll have an attitude to “driving” we’ve never known. People look to sleeping as the thing but I bet it’ll include more productivity. If you need to read something why not get your car to take you somewhere while you do it. Microwaves created a world no one could imagine for example.
15 years away with self driving vehicles haha , try 2022 5 years after this interview . Way off old timers leave up-to the younger brigade .
Thwre past their prime , 2016 they said 10 yrs and look all kinds of ev^s are driverless, 20 plus different brands, bikes too
Only time i watch CNBC is when Buffett is on, besides their interviews this channel is Fake News.
I just realized how choreographed and scripted this was. During this entire video not one of them ever said the word “Tesla”.
That's really what i had been waiting for from a long time since i don't know how to drive!
2:45 Which encyclopaedia was he talking about here?
I think they said World Book, thought Britannica comes to mind also.
Didn't he say 'world war', as in there was almost a world war between the two companies etc.? The audio wasn't very clear, so I could be wrong. We could be both wrong though! Anyway, I'll just look up 'Berkshire encyclopaedia' now! :P
This the point I started to invest MSFT. Now in 2021, it's up 250%. Buy and hold the good business!
Whatisgoingtobethecostofthiscar?
The cost of a driverless vehicle to the masses is more than 100 years away. I think to much involved in making them.
Jeffrey Gauntt cool
@@baldovela8635 yes, the oil and non-electronic-car companies will try to prevent that from happening. so it will take a very long time.
Nope the cost is not really much more, Tesla is already pre-selling the feature for under 10k which is peanuts compared to the salary of a chauffeur, it's regulations the party that's slow but China is already implementing self driving buses
@@germanher7528 that still doesn't mean they're making profits though. If No profit, it's not sustainable. Not sustainable, it would die. It needs much more years for it to become sustainable.
They never travel and invest in Asia market?
Gates's choice for the CEO is great leader and man!
don't let em touch my gas!!!!!!!! come on dad u know it, wit da charcoal!
dey won't get everything u goddayuummm......
The reason why people want to speed is because drivers are trying to make up for time lost in gridlock due to accidents from careless/intoxicated driving.
Or over slept, which is why I used to speed on the mornings
They all know it there talking about Tesla
name of the reporter please!
Becky Quick
We still don't have driverless trains which makes sense. Driverless makes sense for public transportation for private cars it doesn't make sense. Boring!
I wonder how much it cost to have both them in the same room. Thier time is expensive I'm assuming.
jeremy slats why would they need money?
They don’t run their companies day to day anymore. That’s why they can do these shows just for the fun of it.
All 3 are way off on driverless cars, saying 15 plus years meaning after 2030, more like next year or two.
The cars might be able to do it, but the laws will be slow to change to allow it.
Even if it was available next year, it would take time for wide scale adoption. That's what they're talking about.
Elon Musk has a higher networth than this room.
U sure
Also warren speaks of trend
Sorry 3 of them!
Why don't we ask JD Rockefeller, J P Morgan & James Vanderbilt on sending a rocket to The Moon. These guys (except for Bill Gates) are passed their time.
@0:30 2 years is not way off. I'll be one happy camper when bloodsucking auto insurance companies go the way of the Dodo.
By the very latest 2025 you will have an Uber-type service with no driver, if you so choose.
@2:11 This statement will not age well. I guarantee it.
@2:26 That is not a limitation of the future system. Sorry Charlie. You have no idea of what you're talking about.
Possibily assistance pedestrian
15 years....?
Respect to Gates for giving away the free encyclopedia to help educate people. This man does so much good for the world. Absolute legend
Wake up.
Love hearing Gates talk Microsoft again.
Reminds me of the days when Steve Jobs was alive.
Steve knew how to humble Gates real fast.
Steve went bankrupt and bill gates saved him to not have a monopoly on the market...
@@bastianoo2484 and then both the companies lived happily ever after
Bill had some, but he sold ‘em. Regrets it now of course
how about something worthwhile--like how can i be rid of shear & the people & leave for norway???
Munger has compatibility issues with many, only warren can handle him
Old horses talking about the coming of cars...
15 years?? And that coming from Gates man I think he's way off I mean I do think it'll take longer than many of the more optimistic predictions but it definitely won't take 15 years.
When rolled out Windows 95 he said the internet was a fad
Based on how slow regulations move in the US unless big cash lobbying (which I doubt Elon Musk Will do) it could even take longer (do to lobbying against by other car manufacturers) But when we add China to the equation it will take less, China has already put self driving public buses on the street so Tesla will be able to roll his freshly Chinese manufactured self driving cars on the streets by end year which will force the US to quicken regulations green light to save face on the technology and political aspects
Praising Tesla’s autonomous technology
shes so beautiful
How will these cares avoid holy cows on Indian streets?
prescient.....NOT. tesla will have level 4 and 5 full self driving in 2 to 5years!
These guys will eventually become transhuman---man-machine
these guys never let ethics get in the way of making more money
Iwouldloveacarthatdrivesmeiamnotbigondriving
These guys are ready for nursing homes in aged care.
Apologies to uncles learn and trust their word they are trying by all heart to make the world a better place I am too from where ever I am from what ever you own
Smartest men on the planet
*richest
@@raunak51299 definitely not the smartest. the wisest, yes.
Doesn't age well...
Booo Bill Gates.
Weirdo
Their entire net worth combined could pay for free college
Yup all we havta do is steal it from them..
What do have that I might want?
College debt is estimated in over a trillion so you would still need Apple and Amazon's worth
driverless cars is the way to go. in the future that will be the norm
Interview Elon
你服侍我 3 天，我服侍你 3 天，星期日一起吃空气。
@@baldovela8635 😊😊😊
In human history, this news clip is probably the highest depiction of net worth ever shown on camera all at once. It's kind of fucked up that 3 men have more money than multiple countries combined.
I slightly agree with you that the amount of wealth that can be accumulated by just couple people seems almost gross. But look at it from a different angle. Each of these men are self made. They've created huge value for society and instead of passing it on to their children, they'll be putting their wealth into humanitarian efforts after their death. That's an economic system that I want to live under, and I hope our future billionaires have as much as character as these men.
It's very simple math actually. The more people you can help/empower, the more money you will make. For example, the more rooms you have in a hotel, the more potential profit the hotel will make. If the number of rooms is too low, the hotel makes a small profit or perhaps negative return. Bill Gates and Warren Buffet just scaled up. Simple math. (Of course there are other business principles involved, but scale of influence is the base of the foundation.)
Simon what people like you repeatedly fail to grasp is that the wealthy aren't taking away from the pie. The pie is expanding! The only way to make ten billion dollars for yourself is to add more than ten billion in value to economy, so even the richest men have given more than they have taken.
I dont worry about the pie. I worry about democracy.
The billionaires eat a little more pie, but they can only eat so much. Their money is mostly power rather than pie. Power to buy our democracy.
Note that i do not blame these men of that. But for every buffet and gates, there is also a Martin Shkreli and a James Dimon.
Simon Carlile wrong, the wealthiest are not in the public eye, and have more wealth than Bill and Warren combined!
CNBC
please in español
These guys could not be more wrong! Technology is a Juggernaut that won't be denied! It will be much sooner than anyone thinks.
Technology itself is great already and it will be ready for driverless cars very soon. However the legal problems are the thing that is holding it down. For example if driverless car hits to people who is to blame.
The legal issue is a big deal. To start with, the car will know exactly what happened so reconstruction of exact conditions of crashes will be easier to find fault. But even if there is legal issues, It doesn't mean the tech won't be everywhere much earlier than people think. There are 5 levels to look at with automated driving capabilities. Level 5 capable cars(true self driving cars) could be mass produced earlier than people think... Until reliability is good enough, I think they'll just call it Level 4(driver helps as needed) and leave the legal responsibility in the hands of drivers till its ready for prime time with an update. I believe Elon Musk is going something along this route.
Buffett honestly sounds pro death in this interview since geico sells car insurance.
Tesla is going car insurance!
archibos cabezales con anagrama de las empresas a sin si le gustaria a warrent buff los ordenadores leer ya le los diarios de papel jajaj
Elon
The failure of Elon Musk will be held up as an example of the problem with the cult of personality.
@ nope.
Time to replace obsolete munger and outdated buffett
this people are poor
More than 15 years lol. K
He said until a meaningful amount of cars were self-driving. The technology exists, China uses it in certain cities already.
It will be a while until mass adoption takes place at least for the average person buisnesses will be on the uptake quicker because they need to, to stay in business.
These evil mofos. You all are eating it up. It has nothing to do with safety from auto accidents. It's about taking our ability to move about freely. Everything tracked.
You should probably stop using technology too cos you're being tracked. You sound Morally Obtuse.
I worry about our freedoms and democracy too, but not because of these 3 men. And these autonomous EVs will frickin save the world.
if that's going to help you there is already technology to help governments track you
They were totally wrong..
No you're just slow.
Munger his face looks terrible ( no offense ).
So hot.