Charlie Munger, left, and Warren Buffett, right
At the annual Berkshire Hathaway shareholder meeting, billionaire Charlie Munger said that cutting out toxic people is essential to success.
  • Berkshire Hathaway CEO Warren Buffett sat down for his first national TV interview in 1985.
  • Appearing on the PBS show "Adam Smith's Money World," he offered sage investment advice that he continues to preach today.
  • Here are the best quotes Buffett dropped in his first TV interview from nearly 40 years ago.

Berkshire Hathaway CEO Warren Buffett is a household name today, as the businessman has consistently been ranked as one of the best investors ever and, subsequently, one of the wealthiest people in the world.