Berkshire Hathaway legend Warren Buffet appears on CNBC on his 88th birthday
- Warren Buffet says he is still buying stocks.
- He recently bought more Apple (AAPL); iPhone utility is underpriced. Mr. Buffet said he uses an iPad to check on markets.
- He hit a ceiling with airline positions in terms of the 10% stake in AAL, DAL, LUV, UAL
- When asked if Berkshire was interested in Campbell (CPB), he said he doesn't know CPB well and isn't interested; it is hard to pay a premium for consumer staples stocks and still get a good return on the deal (XLP)
- Tariffs are stating to increase raw material costs for Berkshire companies
- Buffet likes quarterly reporting but isn't a fan of forward-looking earnings guidance that is 'gamed