NPR logo Warren Buffett: Disaster Creates 'Buying Opportunity' In Japanese Stocks

Rebuilding Japan

Warren Buffett: Disaster Creates 'Buying Opportunity' In Japanese Stocks

The world's most famous investor, Warren Buffett, said today that the crisis in Japan "is a buying opportunity and he won't sell his shares in the country as its future hasn't been changed," Bloomberg News reports.

The Wall Street Journal adds that at a press conference in South Korea, Buffett said that:

"The 9/11 [attacks] in 2001 ... the horrible incident didn't change the future of the U.S. or the economic prospect of the U.S. I feel exactly the same way after what's happened in Japan. People in Japan have the same energy, they have the same desire to move on and the same resources to rebuild. ... So, I don't look at them differently from 10 days ago. ... Frequently, extraordinary events really create a buying opportunity."



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.