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Buffett Affirms Junk Food, Citing Lack of Smiles at Whole Foods

Warren Buffett, whose Berkshire Hathaway Inc. is the largest investor in Coca-Cola Co. and owns See’s Candies, affirmed his confidence in the market for sugary treats, even as the health costs of sweets become better known.

Buffett, 84, told shareholders at Berkshire’s annual meeting Saturday in Omaha, Nebraska, that happiness is important to longevity and that consumers enjoy Coke products.