- Warren Buffett and J.P. Morgan: The Return of "Profitable Patriotism" After 101 Years
- CNBC TRANSCRIPT: Warren Buffett Warns Rescue Package Won't Be "Panacea" for Troubled Economy
- Warren Buffett to CNBC: Rescue Bill Will Help, But Not "Panacea" for Economy
- Warren Buffett: Treasury Should Team With Private Investors to Buy Distressed Assets
- Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview
- Warren Buffett's Three Rules for Investing In a Crisis
- Warren Buffett Casts Vote of Confidence In General Electric With $3B Investment
- Warren Buffett Stake Sends Chinese Battery Maker's Shares 42% Higher in Hong Kong
- Warren Buffett on Snowballs, Family Time, Thriftiness, Vegetables, and the Bank of Reputation
- Warren Buffett's "Self-Doubt and Vulnerability" Surprise Bio Author
- Mad Mail: Handling a 401(k) in This Market
- Lightning Round: RIMM, Visa, Diageo and More
- Lightning Round OT: Mercadolibre, Tetra Tech and More
- Executive Decision: Chattem CEO Zan Guerry
- Cramer’s Five-Year Plan
- Putting the Paulson Plan to Work
- Your First Move For Tuesday Oct. 7th
- Web Extra: Options Action
- How To Fix Wall Street
- EU Won't Manage Unified Banking Plan
- Toshiba in Talks to Buy Spansion: Sources
- Banks Lead Euro Shares Lower
- What the Pros Say: Coordinated Cuts Coming
- Bank of Japan Holds Rates; Cautious on Crisis, Economy
- European Shares Set to Retrace Some Losses
- Fed, Treasury Mulling Commercial Paper Support
- Australia's C. Bank Stuns with Full-Point Cut
- Reserve Bank of Australia Statement on Rate Cut
Text Size 
 |
CNBC-TV |
He said even if he knew exactly what the Fed's announcement will be at around 2:15pm ET today, he wouldn't "change a single buy or sell order."
That's in keeping with Buffett's long-standing strategy of buying the shares of good companies at low prices and holding them over many years. Said Buffett, "The Fed has nothing to do with investing in good companies."
Buffett did the interview with us to draw attention to a $128 million donation given to a Pennsylvania school by the daughter of economist David Dodd, an early investor in Berkshire Hathaway and an important mentor to Buffett. (Details on that very generous gift are in this previous Warren Buffett Watch post.) In the CNBC interview, Buffett called Barbara Dodd Anderson a "tremendous person," and said, "her father would be very proud of her."
You can see (hear, really, since its on the phone) the interview in the clip to the left.
A full transcript of his comments about investing appears in this Warren Buffett Watch post.
The transcript of his comments about the donation and the important role David Dodd played in his life is in this post: Warren Buffett: A 'Very Happy Story With a Happy Ending.
Questions? Comments? Email me at
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes