Warren Buffett on Facebook IPO

In reference to the Facebook IPO, Warren Buffett says "we aren't in a bubble phase," adding that what's happened with Facebook is "extraordinary." Warren Buffett :"we aren't in any bubble phase , people got excited about companies that have done that well and they should , it's extraordinary what happened with that company. but we have not got to the point where we came along and name anything that have just gone wild so this is not a bubble. "