Reacting to an article suggesting Warren Buffett has lost his touch, CNBC's Jim Cramer looks at Berkshire Hathaway's stocks and likes what he sees.» Read More
Warren Buffett said that when he called the 2008 financial crisis an "economic Pearl Harbor" the description was not "strong enough."
"I found some things that were going on behind the scenes that I did not know," the Oracle of Omaha revealed in a CNBC "Squawk Box" interview, after reading an advanced copy of former Treasury Secretary Timothy Geithner's new book.
Read more from Buffett's Friday appearance:
Warren Buffett told CNBC on Friday he would be "surprised a lot" if stock prices around the world fell 50 percent from their current levels in the near future.
He predicted there will be another financial crisis "someday" in the years ahead that will shock financial markets, but he doesn't think it will happen anytime soon.
"Humans will behave in crazy ways, both on the upside and the downside in the next 50 years. It's very unlikely they do it in the next few years because after something like 2008, once they get out of the emergency room, they're a little more careful for awhile."
During an appearance on CNBC's "Squawk Box," Buffett told 58-year-old host Joe Kernen that he will live to see the Dow at 100,000. "I won't, but you will," the 83-year-old Berkshire Hathaway chairman said.
Warren Buffett is no fan of bitcoin.
"Stay away from it. It's a mirage, basically," he said on CNBC's "Squawk Box" on Friday.
In response to a question about the cryptocurrency from Quicken Loans founder Dan Gilbert, Buffett said:
"It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view."
Warren Buffett was featured in a marathon live appearance on CNBC's "Squawk Box" on Monday.
Among the topics covered:
Warren Buffett said he's not at all discouraged that the stock market is under pressure due to the conflict in Ukraine.
In a live interview Monday on CNBC's "Squawk Box," Buffett said, "When I got up this morning, I actually looked at a stock on the computer (for) the trades in London (of a stock) that we're buying, and it's down and I felt good." He would only acknowledge it is an "English" stock.
"We were buying it on Friday, but it's cheaper this morning and that's good news." Will he buy more? "Absolutely."
Buffett said that would be true even if he knew Ukraine would turn into a major conflict.
Along with Tracy Britt Cool, his financial assistant, they are what he calls his "three Ts." They generally keep a very low profile.
The long-delayed leg from Alberta, Canada, to Nebraska should be approved, the billionaire investor told CNBC.
"I would vote 'yes,'" Buffett said in a "Squawk Box" interview, but added he has "no idea" if President Barack Obama will approve it.
"I don't believe in the Keystone pipeline because of the jobs you'd make building it. You can build anything and create jobs," he said. "I just believe it's a useful pipeline."
(Read more: No climate change impact on insurance biz: Buffett)