Warren Buffet: Japan’s crisis creates a ‘buying opportunity’

By Stephen C. Webster
Monday, March 21, 2011 7:19 EDT
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Billionaire investor Warren Buffet said Monday that Japan’s earthquake and tsunami, while tragic, do not change the country’s economic outlook. Indeed, he called the chaos and destruction a “buying opportunity” for those who realize the potential behind catastrophe.

After a turbulent week in which Japan’s economy lost more than 10 percent of its value, analysts were saying that stocks looked to open higher Monday morning as the country’s nuclear reactor crisis eased somewhat.

This video is from Reuters, published Monday, March 21, 2011.

Stephen C. Webster
Stephen C. Webster
Stephen C. Webster is the senior editor of Raw Story, and is based out of Austin, Texas. He previously worked as the associate editor of The Lone Star Iconoclast in Crawford, Texas, where he covered state politics and the peace movement’s resurgence at the start of the Iraq war. Webster has also contributed to publications such as True/Slant, Austin Monthly, The Dallas Business Journal, The Dallas Morning News, Fort Worth Weekly, The News Connection and others. Follow him on Twitter at @StephenCWebster.
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