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Buffett plays to his fans on CNBC

Oct. 16, 2013 7:43 AM ETJPMorgan Chase & Co. (JPM) StockAAPL, JPM, BRK.A, BRK.BBy: Stephen Alpher, SA News Editor23 Comments
  • Appearing on Squawk Box, The Oracle doesn't disappoint:
  • On JPMorgan (NYSE:JPM): "If a cop follows you for 500 miles, you're going to get a ticket."
  • On possible U.S. default: "Idiocy ... this is like poison gas."
  • On Apple (NASDAQ:AAPL): He wishes he bought it years ago and chides Carl Icahn, saying companies shouldn't be run primarily to please Wall Street.
  • Berkshire (BRK.A, BRK.B) has about $40B of cash on hand at the moment, and Buffett's a buyer despite the D.C. standoff.

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