Warren Buffett Opines On Moody's, Coca-Cola And The iWatch

Chairman and CEO of Berkshire Hathaway Inc. BRK, Warren Buffett, was recently interviewed by FBN’s Liz Claman. In the interview, Buffett opined on his prominent holdings - The Coca-Cola Co KO and Moody's Corporation MCO, and also discussed what’s stopping him from buying the iWatch from Apple Inc. AAPL.

Why Do You Still Hold Moody’s?

It’s a fantastic business, so is S&P incidentally. I mean they are paying a big fine, but S&P is a wonderful business. It takes no capital, it has pricing flexibility. If I sell a bond issue, I’ll sell one another month probably or something like that, I need a Moody’s rating and I need a Standard and Poor’s rating and I can’t negotiate with them.

When asked if he is planning to sell any of his Moody’s stake, Buffett replied, “No, we haven’t for a long time. We got about $2 billion worth [of stock].”

Are You Worried That Coca-Cola Has Lost Its Way In Recent Years?

“1.9 billion 8 ounce serving of the Coca-Cola products are sold in the world today. It’s gone up almost every year since 1886…but I do not worry about Coca-Cola. I am 84 years old, in my adult lifetime, one quarter of all the calories that I have consumed have come from Cola.”

Will You Buy An iWatch?

“Tim Cook sent me a Christmas card and he said his goal in 2015 was to have me get rid of that flip phone I have. So, I have got a couple of stages to go through before I get to the iWatch,” Buffett replied.