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5 Highlights of Warren Buffett Interview on CNBC August 30, 2018

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Dr. David Kass
Published on
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Warren Buffett was interviewed on CNBC on August 30, 2018, his 88th birthday.

The 5 highlights were:

(1) Stocks are currently more attractive than fixed income or real estate.

(2) Buffett recently purchased additional shares of Apple.  The value of an iPhone to the user far exceeds its cost of $1,000.

(3) Berkshire has recently bought back some of its shares since they were priced below their intrinsic value.

(4) Berkshire owns about 9 1/2% of each of the four major airlines and wishes to keep its stakes below 10% to avoid additional regulations.

(5) Packaged food companies are not as attractive as they used to be because retailers are “beating up” on brands.

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David I Kass Clinical Associate Professor, Department of Finance Ph.D., Harvard University Robert H. Smith School of Business 4412 Van Munching Hall University of Maryland College Park, MD 20742-1815 Phone: 301-405-9683 Email: [email protected] (link sends e-mail) Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Accelerated Finance Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), Fox TV, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by Bloomberg News and The Wall Street Journal, where he has primarily discussed Warren Buffett and Berkshire Hathaway. He has also launched a Smith School “Warren Buffett” blog. Dr. Kass has accompanied MBA students on trips to Omaha for private meetings with Warren Buffett, and Finance Fellows to Berkshire Hathaway’s annual meetings. He is an officer of the Harvard Business School Club of Washington, DC, and is a member of the investment and budget committees of a local nonprofit organization. Dr. Kass received a Smith School “Top 15% Teaching Award” for the 2009-2010 academic year.