Warren Buffett: 'We certainly won't be selling' stocks during the decline

Berkshire Hathaway's chairman and CEO Warren Buffett told CNBC's Becky Quick on Monday that he "certainly won't be selling" stocks during the decline in global stock prices and that he "would prefer it" if Berkshire could buy at the resulting lower prices.

As stock futures dropped before Monday’s opening bell, Buffett said “that’s good for us.” “We’re a net buyer of stocks over time,” he said. “Most people are savers, they should want the market to go down. They should want to buy at a lower price.”

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