Speaking Monday morning live on CNBC in Omaha, Neb., Buffett said: “I don’t think you’d want your son to grow up and run a company in the manner that Valeant was run”, he said.
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“No presidential candidate or president is going to end that”, he said.
“Very few people in 2009 would have dreamt that we could have this duration of low rates”, Buffett said.
WARREN Buffett has vigorously defended Berkshire Hathaway Inc’s large, longstanding investment in Coca-Cola Co, rejecting critics who say the company’s sugary drinks harm people’s health.
Berkshire said net income probably rose 8 percent, helped by a gain from the swap of Procter and Gamble Co stock for the Duracell battery business. Buffett said Saturday he shuns deals that could require Berkshire to post collateral, and that the larger risk is that a disruption to markets – potentially from a cyber or nuclear attack – could make it hard for the largest lenders to value their holdings.
Mr Buffett, a staunch supporter of Democrat Hillary Clinton for president, was asked about the regulatory impact on Berkshire if Republican front-runner Donald Trump wins the 2016 United States presidential election.
Buffett, who consumes 700 calories of Coke a day, said it seemed wrong to blame calories alone for rising obesity levels.
Benjamin Moore paints CEO Mike Searles said running a Berkshire subsidiary has been a pleasant change after a career of working for public companies that focus heavily on each quarter’s results.
Besides those investments, Berkshire owns more than 90 companies in a variety of industries, including insurance, utilities, BNSF railroad, furniture and jewelry. “The culture is so long range”.
“With Berkshire there are no questions about the right way to manage our business”, Weber said.
Mr Buffett also defended efforts of Berkshire’s NV Energy unit to persuade Nevada regulators to reduce subsidies for home-owners there who use solar power, prompting Elon Musk’s SolarCity Corp to say it would cease activity there.
A group of environmentalists hopes to make an impression on Buffett and the audience when they urge shareholders to support drafting a report on climate change risks Berkshire Hathaway’s insurance companies face.
“Mr. Buffett is so respected”, Hansen said.
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But policy makers do have to be careful not to raise US interest rates too far ahead of Europe and Japan because of unintended consequences of the imbalance, Buffett said.
