Warren Buffett interview live updates: Good for us when stocks drop, Buying since he was 11

Warren Buffett joins CNBC’s Becky Quick with an exclusive three-hour interview on Squawk Box Monday morning.

Follow along below for the highlights.

Buffett said that no matter what’s going on in the market, he’s always been an overall net buyer of stocks. “I’ve been a personal net buyer of stocks ever since I was 11, every year.”

“I haven’t’ bought stocks every day. There have been a few times where I thought stocks have been quite high, but that’s very seldom” he added.

As volatility in the market increases because of the coronavirus, Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.”

As stock futures drop, with the Dow pointing to a more than 800 point loss at the open, Buffett said “that’s good for us.” “We’re a net buyer of stocks over time,” he said. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”

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Source: https://www.cnbc.com/2020/02/24/warren-buffet-interview-live-updates.html

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