“We’re buying them because they’ll be good businesses 10 years from now,' Buffett said.
“We’re buying the same stocks now that we’d buy last week,” billionaire Warren Buffett said on CNBC on Monday morning. “We’re buying them because they’ll be good businesses 10 years from now.”
“If you look at stocks as businesses you own little pieces of, why in the world should you sell it based on headlines of any sort?” Buffett said. “It’s nonsense to get feeling good or bad about what stock prices do in a day... unless you have extra money and they go down and then you feel better because you can buy more cheap.”
“I think that China and the United States absolutely are destined to be the superpowers, beyond my great-grandchildren’s lives, and will always be competitors,” Warren Buffett said in an interview with Yahoo Finance. “We just have to make sure that competition doesn't get us to a point where we don't realize that the best world is one in which both the United States and China prosper.”
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