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Warren Buffett Calls Berkshire's 2012 'Subpar'

Monday, 4 Mar 2013 | 6:03 AM ET

"Our job is to beat the S&P, explained Warren Buffett, Berkshire Hathaway chairman & CEO talking with CNBC's Becky Quick about why he is disappointed with the performance of his company last year. Buffett also answers a viewer's question about his purchase of Heinz; and reveals why the sequester is likely to go on for a while.