FURNITURE TODAY: Warren Buffett shares views on furniture industry issues

Billionaire investor attends opening of Homemakers

Furniture Today Staff -- Furniture Today, August 4, 2009

In new videos on the Furniture/Today site, billionaire investor Warren Buffett responds to several questions on industry issues from F/T's Ray Allegrezza.

URBANDALE, Iowa — Check out three new videos featuring billionaire investor Warren Buffett's comments on some industry issues, posted by Furniture/Today Editor-in-chief Ray Allegrezza.

Allegrezza spoke to Buffett during last week's opening ceremonies here for the renovated Homemakers Furniture store, which is part of Nebraska Furniture Mart, owned by Buffett's Berkshire Hathaway Inc.

Buffett shares his views on the future of the CIT Group (he believes the factoring operation will survive), why Homemakers decided to spend $30 million on an expansion now, and why he believes the housing and furniture markets eventually will rebound.

FT's Ray Allegrezza interviews Warren Buffett about the ongoing credit crunch and the impact it may have on furniture sales.

FT's Ray Allegrezza quizzes Warren Buffet about the credit crunch, outlook for home furnishings sales.

Ray Allegrezza asks Warren Buffett about the future of CIT.

Warren Buffet talks to FT's Ray Allegrezza about Homemaker's $30 million investment.