Buffett: Kim's Nukes 'Crazy,' WMD's 'Threat to the World'

Billionaire investor Warren Buffett warned Tuesday that weapons of mass destruction are a "threat to the world," and denounced North Korea leader Kim Jung Un's nuclear arsenal buildup as "crazy."

In a panel discussion in Omaha, Nebraska, at the Purpose Built Communities annual conference, the chairman and CEP of Berkshire Hathaway said he is not just concerned about nuclear, but chemical, biological and cyberwarfare too, CNBC reported.

"Weapons of mass destruction are another story," he said. "That is the threat to the world."

"We have increased the ability of perhaps even an individual, perhaps a group, perhaps a nation . . . to kill millions, millions, millions of people in a single stroke," he said, CNBC reported.

"If you were a psychotic back in the cave man age, you threw a rock at the guy in the next cave. That was about the damage you could do."

Buffett cited the escalating tensions between the United States and North Korea as a case in point.

"We got a fellow in North Korea [with a] very poor country, spending a way disproportionate amount of its GDP working on missiles that can hit California – that's crazy," he said, CNBC reported. "Wish I had a solution for it, but I don't."

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