Monday, March 09, 2009

Warren Buffett Monday on CNBC

Well, there are a lot of things going on in the markets and the economy that we could talk about today, but let's not fight the whale.

Warren Buffett is front and center in the business news today, as he joined CNBC this morning for an extended "Ask Warren 2009" interview special.

Transcripts and video clips are all there in the link, and there's plenty for WB and Becky Quick to talk about, including the news of a merger between Schering Plough and Merck, which broke in the opening moments of this morning's interview.

Interesting to note that Buffett is seeing a lot of change in consumer behavior recently. He said that the American public has changed its buying habits, and that the level of fear that's taken hold among Americans is something he's never seen before. The widespread confusion and fear over the economy has led the buying public to really pull back in recent months.

And as you may have noticed in last week's coverage of Berkshire Hathaway's annual report, Buffett is not exactly holding back about the state of the economy.

When he noted this morning that the economy "has fallen off a cliff", Bloomberg picked up the story and ran the quote in their headline.

Related articles and posts:

1. Berkshire, Buffett bear brunt of bear market - Finance Trends.

2. Graham shows S&P 500 too high as Buffett loses - Bloomberg.

3. Lessons from Warren Buffett - Finance Trends.