NEW YORK-- Warren Buffett, famous for advocating greed when others are fearful, said he's not worried about recent stock turbulence because he's optimistic about the state of American business.
"You can't predicts what stocks will do in the short run, but you can predict that American business will do well over time," he told CNBC in an interview that aired Monday morning. "American business will do fine over time," he said.
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