Buffett Looks to Buy Overseas,Voices Concerns About Dollar

The Wall Street Journal reports:

OMAHA, Neb. -- Berkshire Hathaway Inc. is likely to buy more companies overseas, partly to hedge against Chairman Warren Buffett's belief that the U.S. dollar will weaken significantly.

Speaking to some 24,000 Berkshire shareholders on Saturday at the company's annual meeting in Omaha, Neb., Mr. Buffett and Vice Chairman Charlie Munger laid out bearish and sometimes contrarian views of U.S. fiscal policy, speculation in the commodity and housing markets and the short-term investment strategies of hedge funds and private-equity firms.

Sounds like Warren is less bullish on America.