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"We'd like to buy more businesses around the
world," Buffett, the head of conglomerate Berkshire Hathaway
Inc, said in an interview with Fox Business Network.
Over the past 50 years, Berkshire has bought dozens of companies
in sectors ranging from insurance to railroads.
Buffett's purchases have largely focused on the United States.
In his letter to shareholders last year, for example, he wrote
that "the mother lode of opportunity resides in America."
With growth in the world's largest economy outpacing many
developed markets and valuations moving higher, Buffett has also
in recent years noted the difficulty in finding so-called
elephants - acquisitions large enough to move the needle at
Berkshire Hathaway.
Buffett also believes the U.S. Federal Reserve will find it
difficult to raise interest rates this year.
"I think it's going to be very tough to raise rates when you've
got what's going on around the world," he said.
The Fed is now weighing what would be its first interest rate
increase since 2006, but low U.S. inflation and sluggish growth
around the world could constrain the central bank from changing
policy.
Yields on U.S. Treasuries remain low by historical standards,
with the 10-year Treasury note yielding 1.75 percent on
Wednesday and the 30-year Treasury bond yielding 2.346 percent.
Despite expectations that yields would rise last year, they in
fact dipped further - and have continued their slide this year.
Buffett said the "last asset" he would want to buy is a 30-year
government bond.
Buffett also briefly discussed the 2016 presidential election,
saying he would "100 percent" support Democrat Hillary Clinton
if she ran for the office.
Buffett was joined by Tony Nicely, the chief executive of
Berkshire-owned insurer Geico, for part of the interview.
Nicely said Geico is working to roll out products linked to ride
service Uber.
"We want to insure Uber drivers," he added.
(Reporting by Luciana Lopez editing by Andre Grenon and Matthew
Lewis)
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