- Given the low level of interest rates, Warren Buffett (BRK.A, BRK.B) believes U.S. stock prices are "on the cheap side." If rates spike, he'll reevaluate.
- He says he put $20B to work into the market since shortly before the election (much of that in Apple).
- As for what comes next after the failed Unilever bid, Buffett says he's always looking at deals, but there's "nothing in the works" at the moment.
- Turning to the new president: He says he'll judge Trump by how he handles the country's #1 threat, and that's security. And his choice for Secretary of State: Former Exxon chief Rex Tillerson is "the kind of person I would choose."