Warren Buffett tells reporters in Switzerland he can "guarantee" he won't buy a European company by the end of his tour this week.
It's another indication his visit is designed to lay the groundwork for potential deals in the future, rather than actually pick up a company on the spot.
Buffett has said he came to Europe to get on the "radar screens" of large family-owned businesses that need to be sold but don't want to change the way they do business.
Buffett's comments came during a news conference at the Lausanne campus of the Swiss business school IMD, during the the second stop of his European shopping tour.
UPDATE: During the session with reporters, Buffett also joked about suing Bill Gates after breaking his toe while visiting the home of his good friend.
Buffett notes that if a family simply wants the highest price for its company they should auction it off. But, if the family wants to keep the business operating without major changes after a sale, then it should consider buying into the Berkshire Hathaway "culture."
Asked how a family-business that wants to sell should contact him, Buffett said he's easy to find and he's "hoping that phone rings." He joked that "you can call collect if you have a good deal."
Buffett says he hasn't given up on the United States, "loves" to buy U.S. businesses, and will probably continue to buy domestic businesses, if only because Berkshire is better known in the U.S. than in other parts of the world. "We don't rule out any countries," Buffett says, but thinks he's more likely to find a company large enough to buy in one of the larger countries.