Buffett On Harvey, Wells Fargo, Oncor, Charity, GDP, IBM ,Apple And More [VIDEOS]

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Warren Buffett Berkshire Hathaway CEO was on CNBC this morning 8/30/17 for his 87th birthday below are links and embeds to the video clips from CNBC.com

UPDATE: 1:40PM EST full interview now up at bottom of the post

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Warren Buffett was interviewed on CNBC today. He discussed several specific Berkshire Hathaway investments:

(1) Apple: Berkshire owns 2 1/2% of Apple’s shares. Initially one of Buffett’s portfolio managers (Todd Combs or Ted Weschler) bought 10 million shares of Apple (during the first quarter of 2016). Warren Buffett subsequently purchased many more shares (during the first quarter of 2017). During the second quarter of 2017, Combs or Weschler sold 2/3 of his stake in Apple to free up funds for other investments. At the same time, Buffett added to his stake in Apple.

(2) IBM: Buffett has more confidence in Apple than in IBM.

(3) Bank of America: Berkshire just converted its warrants into 700 million shares of Bank of America common stock and plans to hold those shares for a long time.

(4) Wells Fargo: This is still a good long-term investment. Its problems will be corrected.

(5) Kraft Heinz: Retailers such as Amazon/Whole Foods are becoming stronger relative to the food companies. Specific brands will succeed through advertising (such as Berkshire owned Duracell batteries). Kraft Heinz will not be acquiring Mondelez nor Unilever. Berkshire/3G Capital will not engage in hostile takeovers. It is hard to fight retailers with mergers. What matters is the strength of individual brands.

See more from Warren Buffett Berkshire Hathaway CEO below!

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Warren Buffett Berkshire Hathaway CEO  speaks with Becky Quick about politics and the president

Warren Buffett, Berkshire Hathaway, speaks with CNBC's Becky Quick about how Kraft Heinz might be affected by the Amazon-Whole Foods merger.

Warren Buffett, Berkshire Hathaway, speaks with CNBC's Becky Quick about his holding in bank stocks like Bank of America and Wells Fargo.

 

Warren Buffett, Berkshire Hathaway, speaks with CNBC's Becky Quick about the threat of North Korea's nuclear capabilities and the ratcheting up of tensions.

Warren Buffett, Berkshire Hathaway, speaks with CNBC's Becky Quick about the GDP cost of storms like Hurricane Harvey and how he feels about the health of the U.S. economy

Warren Buffett, Berkshire Hathaway, speaks with CNBC's Becky Quick about the tragedy facing the Gulf Coast in the wake of Hurricane Harvey and the insurance costs that are building up.

Warren Buffett, Berkshire Hathaway CEO, speaks with CNBC's Becky Quick about the tragedy facing the Gulf Coast in the wake of Hurricane Harvey and the insurance costs that are building up.

Warren Buffett, Berkshire Hathaway, speaks with CNBC's Becky Quick about a few of his shareholdings like Apple and IBM.

Buffett: I was wrong in my original IBM analysis from CNBC.

Buffett: We have about 500,000 cars insured in Harvey's flood area from CNBC.

Warren Buffett, Berkshire Hathaway CEO, speaks with CNBC's Becky Quick about supporting the Glide Foundation with a $2.68 million lunch for charity.

Full Buffett Interview

Watch CNBC's full interview with investing icon Warren Buffett from CNBC.

Warren Buffett on his power lunch for charity from CNBC.

Warren Buffett Berkshire Hathaway CEO full video interview CNBC this AM embedded and linked below

 

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