7 Highlights Of Warren Buffett Interview On CNBC
Dr. David Kass2019-03-29T13:03:58-04:00
Warren Buffett was interviewed by Becky Quick on CNBC today.
Q4 hedge fund letters, conference, scoops etc
The 7 highlights were:
(1) On Lyft’s IPO: “Buying new offerings during hot periods in the market — I don’t think it’s anything the average person should think about at all.”
(2) “It does look like the pace of increase in the economy has slowed down ..”
(3) Buffett likes Berkshire’s 5 1/2% stake in Apple. Apple doesn’t have to do everything right to succeed.
(4) Berkshire’s recent additional purchase to over a 10% stake in Delta Airlines was a mistake. But Buffett likes that Delta is buying back its shares as well as borrowing to buy back additional shares.
(5) The airline industry used to be suicidal. Now it is still very competitive.
(6) Equities are far more attractive than U.S. Treasury bonds at current interest rates.
(7) Berkshire has made some investment mistakes, but hangs on to its winners.
Article by Dr. David Kass
Author
Dr. David Kass
David I Kass
Clinical Associate Professor, Department of Finance
Ph.D., Harvard University
Robert H. Smith School of Business
4412 Van Munching Hall
University of Maryland
College Park, MD 20742-1815
Phone: 301-405-9683
Email: [email protected] (link sends e-mail)
Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Accelerated Finance Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), Fox TV, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by Bloomberg News and The Wall Street Journal, where he has primarily discussed Warren Buffett and Berkshire Hathaway. He has also launched a Smith School “Warren Buffett” blog. Dr. Kass has accompanied MBA students on trips to Omaha for private meetings with Warren Buffett, and Finance Fellows to Berkshire Hathaway’s annual meetings. He is an officer of the Harvard Business School Club of Washington, DC, and is a member of the investment and budget committees of a local nonprofit organization. Dr. Kass received a Smith School “Top 15% Teaching Award” for the 2009-2010 academic year.
