Buffett has just accepted an interview with CNBC, sharing his latest 10 judgments on investments:

1. The US stock market isn’t cheap right now, so he hasn’t made a move;
2. He won’t enter just to profit from a 5% rebound—what matters is that he wants to make a big gain;
3. He has $3500 billion in cash;
4. The real opportunity is a drop on the level of a 50% plunge;
5. The recent market decline doesn’t amount to anything at all;
6. He admits he sold Apple too early;
7. Apple’s current price still isn’t cheap enough;
8. If the price gets low enough, he will buy Apple again in a big way;
9. There are signs of fragility in the banking system, and risks are accumulating;
10. Once problems in the credit market trigger market panic, investors will rush to flee in a stampede.