1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
GuruFocus
GuruFocus
Articles (1306) 

Warren Buffett on CNBC: Comments on QE3, IBM, WFC, VZ, T, PG

Warren Buffett: "We buy on an all equity basis." Some of the acquisition prices are out of control. He always comes with an "elephant gun." More stocks to buy? He usually ends up buying more of the stocks he already owns. Added IBM (NYSE:IBM) shares this year. Added $1 billion worth of Wells Fargo (NYSE:WFC).

Looking at IBM, he is delighted with it. It does better abroad than in the U.S. Berkshire (NYSE:BRK.A)(NYSE:BRK.B)'s insurance is doing well. It has an underwriting profit. The float is about $70 billion.



We Buy Stocks for Future Earnings:

Why not buy Verizon and AT&T? He doesn't know what they will be like 5 or 10 years from now.



Buffett: Instincts Go Against QE3

He would rather to have Bernanke as the Fed Chairman than anyone else. Interest rate is the gravity of all asset classes. It has huge gravitational pull.



Procter & Gamble (NYSE:PG) Earnings Disappointing:


Rating: 3.3/5 (18 votes)

Comments

Please leave your comment:


GuruFocus has detected 3 Warning Signs with International Business Machines Corp $IBM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by GuruFocus


User Generated Screeners


liuzishuNon-div M-score
blomgGreenblatt
pbarker46Momentum
merknt84div5
merknt84div4
merknt84div3
merknt84div2
DANGORDON**** LOW PE AND PEG
DANGORDON***** BEST STOCKS 50 ABOVE
DANGORDON***** BEST STOCKS
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK