In a short interview on CNBC, Warren Buffett talks about the Marmon acquisition and the problems in the financial sector--"people [companies that need capital]know our phone number. And we haven't seen anything we want to move on. That doesn't mean we won't in the next six months."
According to CNBC transcript, Warren Buffett said that he has not seen anything in the distressed financial sector that "that causes me to start salivating."
Quoting Joseph Stumpf, the CEO of Wells Fargo, Buffett said "'I don't know why the banks had to find new ways to lose money when the old ones were working so well.' "
The full transcript is at http://www.cnbc.com/id/22398095.
Health, Happiness and Wealth for the New Year!
Tuesday, January 1, 2008
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