"We're hoping for a deal in the United Kingdom and/or in Europe, no matter how Brexit comes out", the billionaire told his annual shareholders' meeting.
Munger said a trade agreement that includes some tariffs and both sides feeling somewhat disappointed would be a good thing.
"You're talking about two personalities who are very much used to getting their way in politics, and talking about how they will be perceived in their own country in terms of their behaviour", Buffett said.
Buffett says that in an IPO, like Uber's expected offering this week, everyone involved has an incentive to sell the stock.
"There's a lot of lying in modern finance", Munger said.
Liverpool stun Barcelona to make Champions League final
People were in utter disbelief of the goal, as Barcelona continued to struggle against a stubborn Liverpool team. Once again the Catalan giants, who last won the Champions League in 2015, wilted when the stakes were highest.
However, that does not reflect the performance of one of its more troublesome investments, the 26.7% stake in food giant Kraft Heinz, which has not yet filed its quarterly results with the US Securities and Exchange Commission.
Mr Buffett said 3G's management, which is responsible for the day-to-day running of the food company, was doing well operationally.
Buffett played bridge with shareholders Sunday at the Borsheims jewelry store that Berkshire owns.
"We will buy the same stocks today that we were buying last week", he said.
"When I made my mistakes in investing".
Berkshire Hathaway is a company owned by Warren Buffet itself. Its insurance and utility businesses typically account for more than half of the company's net income.
While its appearance may be comical, Apple is dead serious about Buffett's investment in the company.