On the Farm Buffett has compared equity picking to agriculture, saying that when he selects a stock for Berkshire, he looks at the company’s long-term earnings power and disregards fluctuations in the share price, just like he ignores land values for the farm he owns. “I don’t get a quote on it every day, I look to the performance of the asset,” Buffett told CNBC in an interview in March. “For all I know, that farm I bought, you know, 20 years ago, it may have bobbed around 8, you know, $1,800 an acre, 1,200, I don’t even know anything about that. I just know that the farm, over time, will produce 120 bushels of corn per acre. So I’ve never tried to predict stock prices.”