Set your DVR: Bill Gates and Warren Buffett appearing together

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Oct 28, 2009
Guru Focus readers will want to set their DVRs for an upcoming event on CNBC that will feature the country's two richest men.

Warren Buffett and Bill Gates will be taking questions from students at Columbia Business School on Nov. 12. Buffett attended graduate school there to study under Benjamin Graham and David Dodd.

CNBC's Becky Quick, who seems to be Buffett's interviewer of choice, will moderate the event. Quick was one of three journalists (along with Andrew Ross Sorkin of the New York Times and longtime Buffett pal and Fortune writer Carol Loomis) who posed questions to Charlie Munger and the Oracle of Omaha at this spring's Berkshire Hathaway meeting.

Quick also interviewed Berkshire executive and possible Buffett successor David Sokol this week on CNBC.

On Nov. 12, Buffett and Gates will take questions from Columbia business students, and CNBC will air a one-hour show that night at 9 p.m. and midnight.

The show promises to be entertaining. Buffett and Gates did a similar event at the University of Nebraska at Lincoln in 2005, and the excellent video is now available for rent. The pair obviously enjoy each other's company, and it's fun to watch the two great minds both crack jokes and make observations about the state of the economy and investing.

Click here to read more about the event at Columbia.

For those wanting a preview, click here to watch Buffett's recent interview with the BBC, which also spoke with Gates.

The thing that struck me most about Buffett's interview with the BBC was his discussion of why he flies private. Though Buffett is famous for his thrift, in reality he's happy to spend money on things that actually make his life better -- such as flying private. He told interviewer Evan Davis that he'd happily spend money on a new house if that would improve his life, but he doesn't think it would.

That seems like a great attitude. So many people spend money on material things they think will improve their lives, when in reality they have zero impact on happiness and quality of life. Buffett's example of spending only on things that provide value to one's life is a good one.

You'd expect nothing less from one of the world's greatest value investors.Also check out: