| lzhang Fri Aug 17, 2007 4:45 pm |
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Warren Buffett Sees Potential for Opportunities See the recent CNBC Exclusive Interview Wednesday 08/15/2007, in Omaha, before the Buffett-hosted fundraiser for Democratic Presidential candidate Barack Obama.
WB: ...you get more excited when there's a lot going on. You can't help it. And frankly, it will probably present more opportunity to us, because when dislocations occur, things get more mispriced and certain things. So, it can be a time of opportunity ... it won't be for sure, but generally speaking when there's a certain amount of chaos in certain sections, the fallout, and its unpredictable where the fallout will be, but the fallout sometimes offers some real opportunities.
WB: ...Tell me what they say I'm buying, and maybe I'll buy some.
WB: ...Five years from now, ten years from now, the houses are still there, the factories are there, the people are working. I mean, it sorts itself out. But people who have done foolish things will sometimes pay a very significant price for it. |
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