Warren Buffett, a billionaire investor, said Thursday there was no question that a basket of US equities would outperform bonds over time.
Earlier this month, a regulatory filing revealed that Buffett Berkshire Hathaway increased its stake in Apple in the second quarter of this year by 5 percent.
The conglomerate also increased its stake in Goldman Sachs, Delta Air Lines, Southwest Airlines and Teva.
The Chairman and CEO of Berkshire Hathaway, who turned 88 on Thursday, joined CNBC from the Smith & Wollensky Steakhouse in New York to have lunch with the winner of the annual Glide Charity Auction.
The anonymous bidder paid more than $ 3.3 million for a lunch with Buffett. The proceeds of the auction will benefit from Glide, an anti-poverty organization in San Francisco, who Buffett looked after by his deceased first wife Susan.