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Here’s the Quick Rundown on Warren Buffett’s CNBC Interview

Here’s the Quick Rundown on Warren Buffett’s CNBC Interview

ibankcoin.com / Dr. Fly / May 8, 2017 Legendary investor, Warren Buffett, sat down with Becky Quick from CNBC today to discuss the markets, life, and what it takes to be a gangster. Here were some of the highlights. Source: CNBC On Apple “I can very easily determine the competitive position of Apple now and who’s trying to chase them and how easy it is to chase them,” Buffett said on “Squawk Box” from Omaha, Nebraska, following Saturday’s Berkshire’s annual meeting. “We happened to be well situated in terms of having these massive home furnishing stores. I can learn very easily how consumers react to different things there,” he said, referring to Berkshire’s ownership of Nebraska Furniture Mart. “You can’t move people by price in the smartphone market remotely like you can move them in appliances or all kinds of things. People want the product. They don’t want the cheapest product.” On Amazon When Warren Buffett was asked why he’s not buying Amazon shares, the billionaire investor had a simple answer. “Stupidity,” Buffett said. He was speaking Monday on CNBC’s “Squawk Box.” READ MORE The post Here’s the Quick Rundown on Warren Buffett’s CNBC Interview appeared first on Silver For The People.

Date of publication:
08 May 2017 23:20

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