Deals
Buffett Says ‘Pain Will Be Felt for a Long Time’
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Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said the effects of the financial crisis and the recession will be felt “for a long time” as the global economy recovers.
“The worst is behind us, but the pain will be felt for a long time from what happened,” Buffett said in previously recorded remarks played today at a conference at Airport City outside Tel Aviv. “We’re inching forward, we’re not galloping forward.”