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Buffett Endures AmEx Slump While Praising ‘Sensational’ Chenault

Warren Buffett, whose Berkshire Hathaway Inc. is the largest investor in American Express Co., said he remains happy with the credit-card issuer after shares tumbled 17 percent since the end of December.

“American Express is still a very, very special company,” Buffett said Saturday at Berkshire’s annual meeting in Omaha, Nebraska.