TRANSCRIPT/VIDEO PART SIX: Three Hours With Warren Buffett - Live From Omaha

BUFFETT CHOICE FOR OBAMA'S VP

QUICK: Welcome back, everybody. We are in Omaha this morning with Warren Buffett. Warren, we are headed into the heavy, heavy political season. Next week you've got the Democratic National Convention, and Barack Obama is expected to name a vice presidential candidate to go along with him today, tomorrow, sometime coming up. Who would you like to see Barack Obama pick?

BUFFETT: My first choice would be Sam Nunn. I think he'd be absolutely terrific. I have no notion of who Barack's going to pick, but he's the man, that if anything should happen to Barack, would be president of the United States. So he'd be my pick.

QUICK: OK. We are also at the Holland Performing Arts Center. You point out an interesting note. This center was built with money from Dick Holland.

BUFFETT: Yeah. Dick Holland and Dick became a partner of mine in 1958 and he gave a very, very large contribution to the--to make this possible and my guess is that the stock that he gave, it was Berkshire Hathaway. It cost about $5,000.

QUICK: OK. Again, Warren, we'd like to thank you very much for being with us for these three hours. We have completely appreciated this time.

BUFFETT: It's been fun.

QUICK: OK. Folks, that does it for us today. Again, we've been here for three hours in Omaha. Make sure you join us on Monday, though. Joe's going to be back and we're all set for you to come in. SQUAWK ON THE STREET starts right now.

END OF TRANSCRIPT

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