Buffett mentioned at the shareholders' meeting that he and Munger had two disagreements. They were about investing in BYD and COSTCO. Buffett and Munger argued fiercely during the two disagreements, and Munger even slammed the table and strongly demanded to buy. Buffett disagreed with investing in BYD from the beginning. Buffett said that people buy an iPhone and may buy a second or third iPhone. But people may not buy a second or third car of this brand.

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