Editor's Note: The content of this article is compiled from CNBC's latest exclusive interview with Warren Buffett.

The background of this interview is very special. This is the first time in Buffett's 60-year career that he has sat in the audience rather than as the keynote speaker at Berkshire Hathaway's annual shareholder meeting.
A year ago, he suddenly announced his retirement as CEO, with Greg Abel taking over.
A year has passed, and the 95-year-old sat in the audience to watch the entire meeting and then gave an interview to CNBC.
How important is this interview? Let's make a comparison.
Berkshire Hathaway's current market value is about 1 trillion dollars, and it holds nearly 400 billion dollars in cash.
The person sitting there being interviewed is the one who built all of this himself.
He has experienced the 1973 oil crisis, Black Monday in 1987, the internet bubble in 2000, and the global financial crisis in 2008.
He has invested in Coca-Cola, Apple, American Express, Wells Fargo, almost every case is a classic example.
Every word he says causes the global capital markets to pause and listen.
And in this interview, Buffett, at 95, for the first time, shared some heartfelt truths he has never publicly spoken before.
First, a truth that silences all those who want to get rich every year.
Buffett personally said that in his 60-year investment career, the truly "juicy" years have only been approximately