Billionaire investor Warren Buffett said Thursday there's no question a basket of U.S. stocks will do better over time than bonds.
Stocks are "considerably more attractive than fixed income," Buffett said in an interview with CNBC's Becky Quick on "Squawk Alley." "They look cheaper than generally real estate."
Earlier this month, a regulatory filing revealed that Buffett's Berkshire Hathaway increased its stake in Apple by 5 percent during the second quarter of this year.
The conglomerate also upped its holdings in Goldman Sachs, Delta Air Lines, Southwest Airlines and Teva.
The chairman and CEO of Berkshire Hathaway, who turned 88 Thursday, joined CNBC from the Smith & Wollensky steakhouse in New York, where he was to have lunch with the winning bidder of the annual Glide charity auction.
The anonymous bidder paid more than $3.3 million to have lunch with Buffett. The proceeds of the auction benefit Glide, an anti-poverty organization in San Francisco that Buffett became involved with through his late first wife, Susan.
This is a developing story. Please check back for updates.
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