Billionaire investor Warren Buffett said on Thursday he expected the dollar to weaken further, adding that South Korean stocks offered better value than other world markets.
Buffett, worth $52 billion according to Forbes magazine in March, said his Berkshire Hathaway (BRKa.N) company is still on the hunt for bargains as the U.S. subprime mortgage crisis plays out.
"We are still negative on the dollar. We bought stocks in companies that are earning their money in other currencies," he told reporters during a visit to Berkshire's Korean cutting tool maker subsidiary, TaeguTec....MORE
HT: FT Alphaville