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Warren Buffett: NBA Star LeBron James Has "His Head Screwed On Right"

Cleveland Cavaliers coach Mike Brown talks with LeBron James (23) during a time out in an NBA basketball game against the Houston Rockets Tuesday, Feb. 19, 2008, in Cleveland. (AP Photo/Mark Duncan)
Mark Duncan
Cleveland Cavaliers coach Mike Brown talks with LeBron James (23) during a time out in an NBA basketball game against the Houston Rockets Tuesday, Feb. 19, 2008, in Cleveland. (AP Photo/Mark Duncan)

Warren Buffett has made some friends among professional athletes who are not quite in his income bracket, but getting there.

Just over a year ago, Buffett's advice to his friend Alex Rodriguez helped bring the slugger back to the New York Yankees.

While Buffett's appreciation of baseball is well known, he is also a basketball fan.

Earlier this week, in a telephone interview with NBA-TV, Buffett talked about his friendship with the Cleveland Cavalier's LeBron James. (To mark James' 24th birthday, the network did 24 hours of LeBron James coverage, giving you an idea just how important he is in the basketball world.)

Buffett talks about James' business "instinct" and how he knew what he was doing about financial matters at "an early age."

Buffett praises James for not being "silly" on spending and "having his head screwed on right."

(Thanks for the heads up on Buffett's appearance from CNBC's Sports Business Reporter Darren Rovell, who may very well have watched all 24 Hours of LeBron on NBA-TV. Among many other things, he writes the always-entertaining SportsBiz blog on CNBC.com.)

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Questions? Comments? Email me at buffettwatch@cnbc.com