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 "Hillary is going to run," said Buffett, the chairman and chief
executive of conglomerate Berkshire Hathaway Inc, speaking at
Fortune's Most Powerful Women Summit in Laguna Niguel, California.
"Hillary's going to win," said Buffett, saying he'd be willing to
"bet money on it."
Buffett is ranked by Forbes as the third-richest person in the
world.
Speculation has swirled whether former Secretary of State Clinton
will throw her hat into the ring for the next election. While she is
considered a potential contender for the job, she herself has yet to
announce her decision on running.
"She's going to announce it as late as possible," Buffett said.
Buffett also added that he expected a pick-up in U.S. homebuilding
as young people marry and create households of their own.
"We will have a catch up period," he said. "It (homebuilding) will
improve."
The S&P homebuilding index is down about 5 percent in 2014 but has
risen about 157 percent since 2008 and the financial crisis.
Buffett - whose Berkshire Hathaway owns dozens of businesses ranging
from ice cream to insurance - also said that banks are not as
profitable as they were previously.
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"What was a very profitable business has been turned into a good
business if executed well," Buffett said of the largest U.S. banks.
Among Berkshire Hathaway's stock portfolio is a significant stake in
Wells Fargo.
A decade ago or more, Buffett said, the best banks were "ungodly
profitable."
(Reporting by Lisa Richwine; Additional reporting by Sam Forgione in
New York; Editing by Cynthia Osterman)
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Berkshire's
Buffett predicts Hillary Clinton will win presidency in 2016
