In a live interview on CNBC's Squawk Box this morning (Wednesday) ahead of a special Berkshire Hathaway shareholders meeting, Warren Buffett made news by strongly criticizing Kraft's planned acquisition of Cadbury.He also told us Berkshire Hathaway's proposed split of its Class B shares does not mean that he has dropped his overall dislike of stock splits and share issuances, comparing the process to "preparing for a colonoscopy." WARREN BUFFETT TO CNBC: I WOULD HAVE VOTED AGAINST KRAFT-CADBURY DEAL
This is the first part of an unofficial transcript of the entire one-hour interview conducted by Becky Quick.
BECKY QUICK: I don't know how much you heard of the Wells Fargo (earnings) numbers that we were just --
WARREN BUFFETT: I heard a little bit.
BECKY: What was your immediate takeaway, and I know all you heard is --
BUFFETT: I didn't get the earnings at all. But I got the charge-offs at 5.4 billion. That's exactly what I would have expected. I think they expect them to peak toward the end of 2010, but that number is exactly what I would expect.
BECKY: What other headlines would you like us to pull up? What else would you be interested in hearing about?Page 1 of 10 | Next Page