Warren Buffett says US stocks remain attractive as a long-term investment, even at current highs

Berkshire Hathaway President and CEO Warren Buffett says stocks are still attractive, even at high prices compared to bonds or real estate

Billionaire Warren Buffet says that US stocks are still attractive, even at high prices compared to bonds or real estate.

Buffett reiterated his view that stocks are the best long-term investment during an interview on CNBC on Thursday.

"If you had to choose between buying and maintaining a 30-year bond for 30 years or maintaining a basket of US stocks, there is no doubt that you will have better stock reserves," he said.

Berkshire Hathaway President and CEO Warren Buffett says stocks are still attractive, even at high prices compared to bonds or real estate

Berkshire Hathaway President and CEO Warren Buffett says stocks are still attractive, even at high prices compared to bonds or real estate

Buffett took some of his own advice and bought some more shares of Apple for his conglomerate Berkshire Hathaway. The company based in Omaha, Nebraska, already had 252 million shares of Apple at the end of June.

Stock indexes S & P 500 and Nasdaq set historic highs this week, although they fell back a little on Thursday.

Berkshire has also accumulated more than $ 100 billion while Buffett seeks another acquisition or a major investment.

Buffett said that the US economy UU In general it continues to improve gradually as it has since the fall of 2009, although several Berkshire businesses are seeing an increase in their costs due to inflation.

"In general, the business is good," Buffett said. & # 39; It was good two years ago. Keep improving. "

Stock indexes S & P 500 and Nasdaq set record highs this week, but started to reverse slightly on Thursday (stock image)

Stock indexes S & P 500 and Nasdaq set record highs this week, but started to reverse slightly on Thursday (stock image)

Stock indexes S & P 500 and Nasdaq set record highs this week, but started to reverse slightly on Thursday (stock image)

Buffett also pointed out that Berkshire had also repurchased some of its own shares last month since it relaxed its own rules on repurchases.

Buffett was in New York on his 88th birthday Thursday for dinner with the person who paid $ 3.3 million in a charity auction for a private lunch with the investor.

The lunch auction raises money for the Glide Foundation that helps the homeless in San Francisco.

Berkshire owns more than 90 companies, including BNSF's rail, clothing, furniture and jewelry firms. Their insurance and services businesses generally account for more than half of the company's net income. The company also has large investments in companies such as American Express, Coca-Cola Co. and Wells Fargo & Co.

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