Buffett, Munger & Gates on Fox Business - Lifestyle, Reading, VP Picks & Motivations

Interviewer asks what newspapers and websites they read every morning. Bill Gates: 'I read New York Times, Wall Street Journal, the Economist is sort of my regular weekly fare. He can give you last week's by memory. It's great to have something you read on a regular basis and they do special sections.' Charlie Munger: 'I agree with Bill. I think the best publication I read is the Economist which is interesting.' Warren Buffett: 'Yeah well I read that but I read the local paper, I read the FT, I read the Wall Street Journal, I read the New York Times and I read USA Today.' All three emphasize The Economist as top-tier reading.

On TV watching: Buffett: 'Aside from sports - I watch sports and I watch the Sunday news shows.' Interviewer: 'Is there one you prefer? Do you try to...' Buffett: 'I watch them all. I watch them all and I have them taped and I race through them.' Interviewer: 'So you are technical?' Buffett: 'No my wife tapes them.' On other shows: 'Comedy Central's clever. Certainly in a political season there's a lot to make fun of.' Shows Buffett's comprehensive information gathering - watches all major Sunday news programs rather than picking one partisan source. Also appreciates political satire.

Twitter viewer asks who would be good VP candidate for Mitt Romney. Charlie Munger: 'I have the faintest idea. I have some people I don't think should qualify.' Interviewer: 'Who?' Munger: 'I was hoping you'd ask. It'd be a long list.' Warren Buffett: 'I think - and I think largely he will - I think he should pick somebody who he thinks would be best qualified to serve as President of United States if anything happened to him. And people don't vote for the vice presidential candidate to any great degree so he can afford himself the luxury of doing that and I think that he probably is the kind of person that will.' Buffett advises prioritizing governance over electoral calculation.

Twitter asks about most significant motivator in working life and how it's changed. Bill Gates: 'I've kind of shifted from the innovation at Microsoft which are great digital empowerment things to helping the poorest and so figures like how many less children died this year than last year - pretty exciting to see that we're getting that number down. Still a lot of science but it's aimed at the poorest now.' Warren Buffett: 'Just running Berkshire. It's fun every day and it's a never finished painting and it's always got enough twists and turns in it to make it interesting. I know I could be - I could be Asian retired and I'd spend all week planning my haircut. This is a lot more fun.' Gates shifted from tech innovation to global health impact metrics; Buffett still loves the canvas of building Berkshire.