Surprise CNBC Exclusive: Warren Buffett Likes Stocks

At some point this shit has to become redundant. How long does CNBC think it can get away with this shit? The old man books an interview with Becky Quick three times per annum to exclusively talk his book. How generous of him.

Amongst other things mentioned, Buffett said he owns more than $17b in $AAPL stock and likes stocks, especially airlines.

Source: CNBC

“We are not in a bubble territory” in the stock market, he said on “Squawk Box.” If rates were to spike, however, then the stock market would be more expensive, he added.

However, U.S. stock futures were indicating a bit of caution Monday morning, with President Donald Trump scheduled to address a joint session of Congress Tuesday night.

Investors would be very sorry they didn’t buy stocks if the 10 year Treasury yield were to stay at around the current 2.3 percent for the next decade, Buffett said. “If interest rates were 7 or 8 percent, then these [stock] prices would look exceptionally high.”

The dynamism of the U.S. economy is “unbelievable,” he argued, adding there will be ups and downs in growth but “the U.S. always comes back and wins.”

Buffett released his closely-watched annual letter on Saturday, writing the U.S. economy would continue its “miraculous” boom.
“The best thing with stocks is to buy them consistently over time,” he said, adding investors should spread the risk by owning a diversified set of companies.

“You’d be making a terrible mistake if you stay out of a game you think is going to be very over time because you think you can pick a better time to enter,” he argued.

Meaningless drivel.