QUICK: You would be surprised if you don't do something and then...
QUINTANILLA: I think it's interesting, too...
QUICK: Go ahead, Carl.
QUINTANILLA: In fact, I think it's interesting, Warren, you know, we walked in here and everyone worries about China slowing down as the global economy slows. You know, will their exports be bought? You know, is their economy dependent on exports? And the lesson we got from a lot of companies here was there is a self-contained economy here. There are Chinese businessmen doing business with other Chinese, and I wonder if you think that decoupling is significant or not?
BUFFETT: Well, I think their economy is going to do fine. Who knows whether it gets overheated or the inflation picks up or something, but it's like the United States. It really isn't important what happens in the next six months or a year. It's what's going to happen over the next 10 years. We're going to do well. The truth is, the Chinese will do better, because they're starting from a lower base, but they have learned a tremendous amount about business in the last 20 years, and about how to unleash the human potential, and that's something that our country learned earlier. And--but they're picking it up very, very, very fast.
QUICK: You know, Warren, we had Jim Chanos on the program several months ago, and he had said when we asked him, what's the one thing you worry about that you think could be the next big drop? He had pointed out, well, maybe you look at this endless infrastructure play when it comes to the Indias, the Chinas of the world. Maybe that is not going to be as strong as some people think. What do you think about that idea?
BUFFETT: I don't know whether it will be or not, but I know that 10 years from now, 20 years from now, China and India are going to be a long way ahead of where they are now. So I don't really--I don't worry too much about whether there's going to be a sudden interruption or something. I wouldn't be able to predict it anyway, and if I did, I still want to be in wonderful businesses bought at the right price and have them in the right place. So I don't--I don't worry about the things that I really am not going to understand anyway. I worry about what's important and knowable. And if I can find a few things that are important and knowable, I play in that box and I don't worry about what's unimportant and I don't worry about what's unknowable.
QUINTANILLA: Warren, are you--are you going to try to learn Mandarin at this stage of the game?
BUFFETT: No, no, I'm not even going to try to learn how to eat the food. I am--if I can't make a deal while eating at McDonald's, I'm in trouble.
QUICK: Hey, Warren, you have a little bit of insight into the Olympics, too, right? You were in Las Vegas just before the United States basketball team left to go over.
QUICK: They were in Las Vegas at the same time. They were playing the Canadian team as they warmed up. What insight can you tell us about the Redeem Team?
BUFFETT: Well, they were--we had dinner, a good many of them. LeBron was there, it was on a Thursday night, I think, and they played the Canadians the next day. And they are--they were determined to win. I mean, enough of this being humiliated stuff. So, that was a team that I would have bet a lot of money on in terms of how they were going to do when they got there, and they're a remarkable group. I was a little disappointed. I went to the Canadian game, and they had me on the sidelines, so I thought this was going to be my big moment, right? No chance. So I left at the half. I mean, if they weren't going to put me in the game, the hell with it.
QUICK: The only guy who walked away from that game early. Hey, Carl, we just want to say thank you again for everything, all your coverage, all your hard work over the last few weeks, you and your entire team out there. I know you're on your way home. We want to make sure you have a safe trip, and I can't wait for you to come home. Hurry back, OK?
QUINTANILLA: It's going to be--it's going to be fun to be back at the desk, Beck. I'll see you next week.
QUICK: OK. Carl and the entire team who are out there in Beijing, we thank you all. When we come back, folks, we have a quick parting shot from Warren Buffett. Stay right here.