Recently, Jay-Z sat down with the richest man in North America, Warren Buffet and Steve Forbes the Editor-In-Chief of Forbes Magazine at Buffet’s Omaha, Nebraska office. The meeting was for the first ever 400 Forbes Summit in the upcoming issue of Forbes “400 World’s Richest People List”. The hour long conversation covers each definiton of success, how luck has played a role in both of their lives, the music business and Hov ends off with the story he mentioned to Angie Martinez last year on how he almost lost all his music from his Blueprint 3 LP.

Hov on the Music Business:

I think that’s a big thing about a business is recognizing change, the variables are not the same. You know there’s a big thing called the Internet, so it changes the landscape of everything I think the consumption of music is at an all time high, and as we see the music business is down. So something has to be done now, you know there was a time in music where a hit solved everything, you just had a hit it didn’t matter what was going on, you know… get a hit and it solved every ones problems,  that’s no longer true not today. I think just having that mentality for so long, I think the music business is still stuck in that place because you know we haven’t figured it out.

Jay-Z & Warren Buffet’s Forbes Magazine issue hits stands tomorrow.