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Weekend With Warren: Berkshire Hathaway CEO Warren Buffett on his foreign investments and the state of European economies.
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Investments what other countries are you investing in you made an acquisition in the Netherlands but what other countries companies are starting to look good to you.
Well we don't really look like country that that company in the Netherlands which were sales -- -- the owners of -- decided Sullivan.
Month -- and and we headed up -- perhaps week.
But we don't look much by country.
We we really look for businesses we understand -- Some kind of competitive advantage and good management and a price that make sense in.
If we -- that we filed you know the most wonderful -- and Israel.
Six or seven years ago and -- but we invite -- here in the United States usually.
And that was this car absolutely you said that there was a 22 billion dollar deal that you've missed by that much couldn't get that deal done.
You wouldn't say what sector -- was and can you say what country it was sent.
-- -- -- but it was on this planet.
I try to what -- they're down.
Brazil look for investment right now well I think and I think you like in Brazil -- about that well.
I don't know that much about specific.
I -- we found something that was interest in the Brazil some business I understood it.
-- was large.
Prices right dramatic -- right -- by the second.
You have -- some European stocks recently -- Which wants.
How he's gonna come out and an SEC filing of hell are we don't have to report the board stocks you don't have to report out so.
You won't say they'll it's true.
But would you say 1011.
Twelve -- companies it was about.
More like 99.
This morning folks when Warren Buffett arrived here at our shoot he quickly went upstairs to put in stock borders.
European stock orders.
Not today not today so that US equities.
That's what's left -- and I.
I did kill another flat.
US equities look -- that at this point with the markets where they are doing something that you're.
Let's talk about the news of the weekend as well Nicholas Sarkozy is out you know grants and -- -- -- onto -- of course a socialist is in.
This is disconcerting to a lot of people who wonder will we see capital flight.
Away from France and the likes of what we saw went -- wanted to -- was also socialist I was elected years ago where people take their money out of France do predict that criticize.
I don't know the answer that I I would not be -- -- -- a socialist when -- replacement but the I think that the problems facing Europe transcend almost.
You know those and any specific country -- -- that they have to work out.
The rules under which seventeen country can really work together what they've locked themselves and delay.
Monetary -- and they haven't locked themselves in a number of other -- so I think.
I think overall what happens in Europe is probably may be affected by the leaders in given countries but -- -- much more important than any specific.
Election due to -- locked into a specific currency was the Euro idea mistake.
I think that.
Getting out of it maybe it would be an enormous problem to open I think maybe it was a mistake get it -- as it was done it and back again sale was a mistake as it was done now the question is whether you modify.
The original.
A concept in some way that makes us more workable -- it's proving to be.
Well as it more ups and and changes with Greece have to parliamentary elections and neo Nazis were elected to the parliament.
Is it just a matter time before Greece -- -- circuits jettisoned from the eurozone and a robot and it I think it's.
A matter of time until they come up with a better solution than the present.
The present structure.
Or they -- in the -- who knows which.
