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 was featured in a marathon live appearance on CNBC's "Squawk Box" on Monday.
Among the topics covered:
Along with Tracy Britt Cool, his financial assistant, they are what he calls his "three Ts." They generally keep a very low profile.
The effects of climate change, "if any," have not affected the insurance market, billionaire Warren Buffett told CNBC on Monday—adding he's not calculating the probabilities of catastrophes any differently.
While the question of climate change "deserves lots of attention," Buffett said in a "Squawk Box" interview, "It has no effect ... [on] the prices we're charging this year versus five years ago. And I don't think it'll have an effect on what we're charging three years or five years from now." He added, "That may change ten years from now."
(Read more: I'd vote 'yes' on Keystone pipeline: Warren Buffett)
He said the U.S. has been "remarkably free of hurricanes" in the past five years with only slightly more tornadoes.
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.
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)
Warren Buffett is famous for his stock-picking ability, but he also puts a substantial amount of Berkshire Hathaway's money in bonds.
Those transactions don't get a lot of attention. Unlike the contents of its stock portfolio that must be filed with the SEC four times a year, Berkshire doesn't have to publicly disclose its debt holdings.
In his letter to shareholders released Saturday, however, Buffett admitted to a money-losing bond buy involving Energy Future Holdings.
(Read more: Buffett's Berkshire slammed by S&P in 2013)
That's an increase in net worth of $34.2 billion after deducting $1.8 billion of what he calls "economically meaningless" charges from Berkshire's purchase of minority interests in Marmon and Iscar.
That strong gain, however, was dwarfed by the S&P's 32.4 percent advance, including dividends.
Everyone knows Warren Buffett, but three other people who have been making major decisions at Berkshire Hathaway have kept a low profile.
Todd Combs and Ted Weschler manage chunks of Berkshire's stock portfolio and Tracy Britt Cool is Buffett's "financial assistant."
Since being hired in the past four years, the trio, referred to by Buffett as the "Three Ts," have made virtually no public appearances.