Buffett Watch

Warren Buffett: Detroit has 'huge potential'

Warren Buffett
Getty Images

Detroit has "huge potential" and might even be a place for Berkshire Hathaway to invest, Warren Buffett said Tuesday night, according to a Detroit Free Press report.

The legendary investor, at a news conference with other Wall Street heavyweights, called the city an underutilized resource, the paper said.

"The resources are here to have a great, great city," Buffett told the news conference, the paper said.

One of Buffett's favorite themes in recent years has been the power of investing in America, particularly the kind of industrial and infrastructure plays that have roots in the Midwest.

For the full report, click here.

More In Buffett Watch

CNBC ProWarren Buffett's stock shopping spree slows down even during market's big pullback. Here's why
CNBC ProMost of Warren Buffett's equity portfolio is tied up in just 5 stocks. Here’s what they are