"We're buying the same stocks we bought last week," billionaire Warren Buffett said on CNBC Monday morning. "We buy them because they will be a good deal in 10 years."
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While Buffett admits that tensions between the US and China – the world's two largest economies – are "bad for the world," he is optimistic that the two will make a difference. 19659003] "I think China and the United States are absolutely the superpowers that go beyond the lives of my great-grandchildren and will always be competitors," said Warren Buffett in an interview with Yahoo Finance. "All we have to do is make sure that competition does not get us to a point where we do not realize that the best world is one in which both the United States and China prosper."
During the Yahoo finance experts in Omaha on Friday, entrepreneurs and experts shared Buffett's optimism. And despite the rocky talks, they were encouraged because the two countries engaged each other.
"There was not really a great mechanism for the two countries to discuss issues," said Beijing University Professor Jeffrey Towson at the forum. "I believe that over the past year we have seen the two countries learning for the first time to talk about important issues together. And I think that will remain so for the rest of our lives that these two countries will learn to deal with their problems. "
At the moment investors and traders have to deal with some bumps.
"I do not think conflict is inevitable," Buffett told Yahoo Finance, warning that conflicts in the past sometimes turned into wars.
"You just have to make sure that things do not escalate."
<p class = "Canvas Atomic Canvas Text Mb 1.0em) Mb (0em) Mb (0) –sm Mt (0.8em) – sm "type =" text "content =" Sam Ro is Editor-in-Chief at Yahoo Finance Follow him on Twitter : @SamRo "-reactid =" 49 "> Sam Ro is Senior Editor at Yahoo Finance. Follow him on Twitter : @SamRo
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