Warren Buffett on Precision Castparts, IBM, Disney and Media Stocks

Aug 10, 2015

Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) CEO Warren Buffett (Trades, Portfolio) was on CNBC's Squawk Box this morning explaining why his purchase of Precision Castparts Corp. (PCP, Financial) was different from his Burlington Northern acquisition in terms of price and how the idea originated with his portfolio manager Todd Combs, who now manages about $9 billion. He also talked about Precision Castparts' CEO, who "loves what he does," and what he thinks about IBM Corp. (IBM, Financial), Walt Disney Co. (DIS, Financial) and media stocks.

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