Policy: Economy

Buffett says stock prices are in reasonable range

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News,Business,Economy,Wall Street,Financial Markets

OMAHA, Neb. (AP) — Investor Warren Buffett says most stocks are trading at reasonable prices even though the market has soared this year.

Buffett said on CNBC Wednesday that thinks stocks are generally selling in a reasonable price range.

Even though stocks prices are up, Buffett says that doesn't automatically mean they are overpriced.

Buffett is chairman and chief executive of the Berkshire Hathaway conglomerate. He is known for his ability to identify stocks and businesses selling for less than they are worth.

Buffett was in New York City on Wednesday to dine with the winners of last year's charity auction of a lunch with the Omaha, Nebraska, billionaire. The anonymous winner paid $1,000,100 last year for the lunch.

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