- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Warren Buffett to CNBC: Curbing Fed's Independence Could Lead to 'Mischief'
- Warren Buffett to Co-Chair Goldman Sachs Program to Help Small Businesses
- Warren Buffett: 'Reasonable Return is Good Enough' for Long-Haul Railroad Ride
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Warren Buffett's Berkshire Portfolio Snapshot Coming Later Today
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
RSS FEED
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- GM's Agreement to Sell Saab To Swedish Firm Falls Apart
- US Home Prices Up 5th Month, 2nd Straight Quarter
- Buyers Look For Bargains At Luxury Condo Auction
- FDIC Fund Falls into The Red, Bair Urges Lending
- Revised GDP Reading Puts Growth at 2.8%; Inflation Tame
- Weak Dollar Is Golden for Mining Companies
- Behind The Scenes With Warren Buffett
- 10 Holiday Cocktail Recipes from Top Mixologists
- Novartis 'Cells' Its Flu Vaccine Technology
- Silicon Valley and Hollywood Now Fast Friends
- Markets Can Rise 5-10% in the Near-Term: Strategist
- Busch: The Debt-Interest Rate Paradox
- The Lloyd's Prayer, Leggo My Eggo, Plate Hate & Your Emails
- Buy These 'Competitively Positioned' Stocks: Portfolio Manager
- Behind The Scenes With Warren Buffett
- 'Why the American Consumer Will Keep on Buying No Matter What'
- On Assignment: Europe & Asia
- $42 Billion US Bond Auction Receives Strong Demand
- GM's Agreement to Sell Saab Unit Falls Apart
- Consumer Confidence Improves but Still Shaky
- US Home Prices Up 5th Month, 2nd Straight Quarter
- FDIC Fund Falls into The Red, Bair Urges Lending
- Six Ways to Boost Your Income in a Big Way
- Buyers Look for Bargains at Luxury Condo Auction
- Ron Paul's Plan to Audit Fed a 'Serious Attack': Mishkin
- Strong Banks, Weak Credit: Treasury Rethinks TARP
Warren Buffett Watch
Text Size 
 |
Warren Buffett did a taped interview in San Francisco with CNBC's Becky Quick last night. Buffett is in that city for today's fund-raiser on behalf of Senator Hillary Clinton's presidential bid.
Becky showed some excerpts from her taped chat on Squawk Box earlier today.
In this clip, she asks for Buffett's thoughts on today's upcoming Federal Reserve decision on interest rates:
Becky: We have a Fed decision coming up on Tuesday. I've asked you a lot of times what you think about the Fed decisions in the past, but there are two camps: one that thinks 25 basis points (rate cut), one that thinks 50 basis points (rate cut). Are you putting your money in either one of those camps?
Buffett: No, I don't put my money on Fed decisions. I've never bought a stock or sold a stock, I've never bought a business or sold a business, based on what the Fed's going to do. And if (Federal Reserve Chairman) Ben Bernanke whispered in my ear exactly what he's going to do tomorrow, it wouldn't change anything I'm going to do today.
Becky: That's not to say you don't pay attention to what the Fed's looking at and what they're thinking?
Buffett: Well, I read about it. But in terms of making stock decisions, I mean, if we bought Coca-Cola in 1988 at a tenth of the present price, I don't know what the Fed was doing then. If we bought Washington Post in 1973 at one one-hundredth of the present price, I don't know what the Fed was doing then. It really, to an investor, it should not make a difference.
Of course, Buffett's indifference to the Fed is no surprise, given his famously long-term value-oriented investing strategy. (He also said pretty much the same thing to us when the Fed met in September.)
This video clip also includes Joe Kernen's rant against Buffett's call for the nation's estate tax to be retained.
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes