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LIVE: Warren Buffett On CNBC; 5 Videos

November 14, 2011 | About:
Peter Lindmark

gurufocus

335 followers
Warren Buffett says it's not clear Europe has the will or ability to do "whatever it takes" to resolve its debt crisis. He thinks we're seeing a partial run on Europe and he's concerned about lack of confidence in the continent.

Appearing live on CNBC's Squawk Box this morning, Buffett says he looks at European sovereign debt every day but has not gotten back into it. He also tells Becky Quick that Berkshire Hathaway does not own stocks in Eurozone banks and hasn't yet seen any opportunities to buy. He would need to understand them better, he says, before investing.

Buffett says Europe is "not going away" and its economy will be stronger in ten years. But he warns that getting from here to there may be difficult.

Buffett has been doing some big buying in the United States. He revealed that Berkshire has bought $10.7 billion worth of IBM common stock this year.

Warren Buffett on Europe and Economy:



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Buys IBM:







About the author:

gurufocus
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Comments

dealraker
Dealraker - 2 years ago
Greenwald, where are you on this one? Not that any of us will care, but amusement is always welcome.

kfh227
Kfh227 premium member - 2 years ago


He also verified the obvious. They added more WFC to the Berkshire portfolio.

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