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Warren Buffett: Disaster Creates 'Buying Opportunity' In Japanese Stocks

The world's most famous investor, Warren Buffett, said today that the crisis in Japan "is a buying opportunity and he won't sell his shares in the country as its future hasn't been changed," Bloomberg News reports.

The Wall Street Journal adds that at a press conference in South Korea, Buffett said that:

"The 9/11 [attacks] in 2001 ... the horrible incident didn't change the future of the U.S. or the economic prospect of the U.S. I feel exactly the same way after what's happened in Japan. People in Japan have the same energy, they have the same desire to move on and the same resources to rebuild. ... So, I don't look at them differently from 10 days ago. ... Frequently, extraordinary events really create a buying opportunity."

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Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.