Warren Buffett makes an unconvincing case.
FORTUNE -- Shortly after Berkshire Hathaway announced plans to buy H.J. Heinz Co. (HNZ) for $28 billion, I suggested that Warren Buffett's well-documented disdain for private equity must have softened. After all, Berkshire (BRKA) was partnering on the deal with a private equity firm called 3G Capital.
So yesterday the question was put to Buffett, during an appearance on CNBC's Squawk Box. Here was his reply:
"It is a MORE