will continue to buy them today, especially if they become cheaper in today's global stock sell-off. As usual, he's not naming those stocks, but does say they are names that are already in the Berkshire portfolio.
Buffett is live with CNBC's Becky Quick at the Hollywood Diner in Carter Lake, Iowa, just outside Omaha, for all three hours of Squawk Box this morning.
Buffett says Berkshire spent about $60 million on the stocks on Friday. He tries not to buy more than 10 percent of a stock's trading volume in any one day.
His advice over the years hasn't changed: Don't buy or sell stocks based on the day's headlines. Ignore your emotions and buy stocks because they represent a good long-term value.
"I think equities are very attractive for the long term," he says, but he has no idea if they'll go up or down in price in the coming weeks and months.
Is he against "high-speed trading?" Buffett says he's against "active trading of any kind."
You can't know exactly when to buy or sell stocks, he thinks. "The time to buy stocks is consistently over time."
Here is the video:
Here is the video with Buffett's views on Wal-Mart
Here is the video with Buffett's thoughts on recent weak job numbers:
Here are Buffett's views on Vocker Rule:
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