Friday, August 17, 2007

Warren Buffett Sees Potential for Opportunities: The Complete CNBC Exclusive Interview

Warren Buffett tells CNBC's Becky Quick in an exclusive interview that market chaos often creates opportunities due to mispricing.

Well, I like it better, in a sense, I mean, I'm like the people in the media. You know, you get more excited when there's a lot going on. You can't help it. And frankly, it will probably present more opportunity to us, because when dislocations occur, things get more mispriced and certain things. So, it can be a time of opportunity ... it won't be for sure, but generally speaking when there's a certain amount of chaos in certain sections, the fallout, and its unpredictable where the fallout will be, but the fallout sometimes offers some real opportunities.

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