Listen to the full podcast above or subscribe on Apple Podcasts, Google Play or Stitcher.

Warren Buffett explains Berkshire Hathaway’s association with AIG. He also discusses the value that brands like American Express, Coca-Cola and See’s Candies have as intangible assets. Charlie Munger also talks about why Berkshire doesn’t do hostile takeovers and whyyou don’t need an expensive business school degree to be a good investor.

Don’t forget to rate, review and subscribe to the Yahoo Finance Podcast on Apple Podcasts, Google Play or Stitcher.

Related episodes:

• Podcast: Warren Buffett on Berkshire Hathaway’s Q1 earnings

• Podcast: Warren Buffett and Charlie Munger on US-China tensions, acquisitions, and cybersecurity

• Podcast: Warren Buffett and Charlie Munger on the Wells Fargo scandal, See’s Candies, and the grocery business