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Stocks have gotten ‘less attractive’ but still better than bonds: Buffett

Bloomberg Published on Thu, Aug 31, 2017 / 7:22 AM GMT+8

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(Aug 31): Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds.

When asked why cash has been piling up at Berkshire, he told Bloomberg Television’s David Westin, “It tells us stocks aren’t as cheap as they’ve been most of the time.” Buying shares after the 2008 financial crisis, Buffett said, was like “shooting fish in a barrel.”

In a separate interview Wednesday with CNBC, the Berkshire CEO said he continued buying stock in Apple Inc. this year, even as one of his deputies was selling. And he tamped down on speculation that Kraft Heinz Co. would pursue a takeover of Mondelez International Inc. Berkshire is the largest shareholder in Kraft Heinz and controls the company along with buyout firm 3G Capital.