It seems that Facebook chief executive Mark Zuckerberg has been asking for a lot of advice from knowledgeable sources -- including Berkshire Hathaway's Warren Buffett.
The billionaire octogenarian reportedly spoke of the 2011 meeting in Sun Valley, Idaho with Becky Quick of CNBC, which she tweeted enthusiastically. Publicly, Buffett has said he and his company have no interest in purchasing Facebook shares.
Any time you get a truly extraordinary business— and it's obviously— you know, it's an extraordinary business— but they're the hardest ones to value because the question is, is whether five or 10 years from now that they will be as extraordinary as they are now, or they may keep doing more and more wonderful things. So I— it's just harder to figure out than, oh, we'll say Coca-Cola. . . . I mean, Coca-Cola 10 years from now is going to be bigger and more profitable, in my view, than it is now, but there won't be some quantum change in either direction. So it's much easier for me to figure out what Coca-Cola's worth than Google or Facebook.
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