New Delhi, Feb. 24 -- Warren Buffett, billionaire investor and Berkshire Hathaway Chairman, believes you do not need an economist to make decisions on buying stocks or companies.

Answering questions at the 2015 Berkshire Hathaway shareholders meeting on the economy and United States interest rates, Buffett noted that neither he nor partner Charlier Munger could predict what exists now.

"One thing I can assure you, I can't recall us ever making an acquisition or turning down one based on macro factors. Whether it was See's Candies or Burlington Northern (we bought it at a terrible time) . General economic conditions just don't come up, because we don't know what the next 12 months. 24 months, 30 months." he said.

The Oracle of Omaha fur...