Buffett Affirms Junk Food, Citing Lack of Smiles at Whole Foods
by Noah Buhayar ,Sonali Basak
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.
“I don’t see smiles on the faces of people at Whole Foods,” he said, citing a grocery chain known for offerings such as almond butter and organic frozen blue curled kale.