Berkshire Hathaway: Warren Buffett CNBC interview
Mr. Buffett said:
- Berkshire Hathaway is the largest bidder for T-bills.
- Stocks do not look cheaper to him right now.
- The recent decline is "nothing" compared to recent large declines in the market.
- If there is another big decline in the market, he will deploy cash.
- Berkshire bought $17 bln in Treasury bills this week.
- He sold some shares of Apple (AAPL) too soon, but it is still the largest investment.
- The Fed is going to print money.
- He would care about inflation and the stability of the banks if he were at the Fed.
- Troubles with parts of the banking system can spread to other parts of the banking system.