FRANKFURT: Warren Buffett may be one of the few Americans who can still afford to come to Europe for a shopping spree. Undaunted by the decline of the dollar against the euro, Buffett, the billionaire investor, arrived here Monday to begin a four-country tour of Europe, with a view to buying family owned companies. "I would rather be doing this with the euro at 90 cents than $1.50," Buffett said to a crowded news conference at an airport hotel. But he added, "If we can buy good businesses with good people at a good price, I'm not going to pass it up because I think a currency is too high." Buffett said he was making the rounds so publicly because he and his holding company, Berkshire Hathaway, were less well known in Europe than in the United States, where the firm's annual meeting and homespun letter to shareholders have long served as a guide to his investment philosophy.
FRANKFURT: Warren Buffett may be one of the few Americans who can still afford to come to Europe for a shopping spree.
Undaunted by the decline of the dollar against the euro, Buffett, the billionaire investor, arrived here Monday to begin a four-country tour of Europe, with a view to buying family owned companies.
"I would rather be doing this with the euro at 90 cents than $1.50," Buffett said to a crowded news conference at an airport hotel. But he added, "If we can buy good businesses with good people at a good price, I'm not going to pass it up because I think a currency is too high."
Buffett said he was making the rounds so publicly because he and his holding company, Berkshire Hathaway, were less well known in Europe than in the United States, where the firm's annual meeting and homespun letter to shareholders have long served as a guide to his investment philosophy.
