Billionaire Warren Buffett said Wednesday the economy has not yet had any bounce and will take some time to recover, but he complimented the government’s efforts over the past year to solve the problems.

Berkshire Hathaway’s chairman and chief executive conducted a couple of live television interviews Wednesday in New York. The interviews came before his lunch with a Chinese investment manager who bid $2.1 million in a charity auction to dine with the Oracle of Omaha.

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