Comments by Berkshire's Warren Buffett, the 'Oracle of Omaha'

Sat May 6, 2017 1:27pm EDT
 
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(Reuters) - Billionaire investor Warren Buffett and Berkshire Hathaway (BRKa.N: Quote) Vice Chairman Charlie Munger are answering five hours of questions from shareholders, journalists and analysts at Berkshire's 52nd annual meeting in Omaha, Nebraska.

The weekend known as "Woodstock for Capitalists" is unique in corporate America, a celebration of the billionaire's image and success at a conglomerate whose businesses range from Geico insurance to the BNSF railroad to See's candies to Ginsu knives.

Below are a few of the comments from Buffett, the "Oracle of Omaha," on topics ranging from Wells Fargo to celebrating a pioneer of index funds.

ON FUTURE ACQUISITIONS

"Charlie and I really do not discuss sectors much ... we're really opportunistic. We're looking at all kinds of businesses all of the time. We're hoping, we get a call ... and we know in the first five minutes whether (a deal) has a reasonable chance of happening."

"We (like) companies where consumer behavior can be (predicted) further off."

"We don't really say we'll go after companies in this field or that field."

"If you're (primarily) interested in getting the highest price for your business, we're not a good call (to make)."   Continued...

 
Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking