Charlie Munger likes using Zoom while Warren Buffett is 'not a Zoom guy'

Pandemic lead to the adoption of videoconferencing

Munger was speaking during an interview together with Warren Buffet on CNBC’s " segment with Becky Quick. Munger said that he has "fallen in love" with Zoom and the platform is "here to stay" because it adds a lot of convenience to his work. He claimed that he uses Zoom video calling service at least three times a day, and he even closed a deal in Australia through a video call. 

Millions of people stayed at home during the pandemic and resorted to using Zoom for video calls and holding meetings. Zoom became popular, and revenue exploded following the increase in demand, propelling shares up 395% last year. At the beginning of this month, the company reported record quarterly results in which sales were up 191% Year-over-year.

Although Munger prefers Zoom, the most senior and recognizable executive at Berkshire thinks otherwise. Warren Buffett said he loves doing business through the old school phone and he is simply "not a Zoom guy." He said:

Business impacted by the COVID-19 and recovery is far

Munger is bullish on Zoom as business travel will take some time before it can return to pre-pandemic levels. Similarly, office work will remain low as more workers will continue working from home. He said, "I think a lot of business travel will never come back. Just corporation after corporation deciding one meeting a year, two meetings a year in person, and the rest Zoom. And I think that’s here to stay.”