Warren Buffett says it's more likely Berkshire Hathaway will make a domestic acquisition before it buys a foreign company, because there are more opportunities opening up in the U.S. and fewer competing buyers bidding up prices.
Warren Buffett in an interview with Bloomberg Television, taped March 5, 2009 in Omaha.
But he doesn't rule out an international deal, noting that "I could get a call tomorrow about some company in the U.K. or Germany."
Buffett traveled to Europe last May to increase the visibility of Berkshire Hathaway among potential sellers of family-owned businesses.
Buffett also told Bloomberg's Betty Liu that Berkshire plans to sell more derivative contracts, despite concerns among some investors that the company is potentially exposing itself to billion of dollars in losses.
"Oh, we'll continue. We do anything that I think I understand and where I think that the odds strongly favor making money, which doesn't mean you make money every time."
Bloomberg says the interview was recorded on March 5 in Omaha. A video clip has been posted on the news service's web site.
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