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SUN VALLEY, ID - JULY 08: Warren Buffett, chairman of Berkshire Hathaway Inc., arrives for the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho. Many of the worlds wealthiest and most powerful businessmen from media, finance, and technology attend the annual week-long conference which is in its 32nd year. (Photo by Scott Olson/Getty Images)

SUN VALLEY, ID - JULY 08: Warren Buffett, chairman of Berkshire Hathaway Inc., arrives for the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho. Many of the worlds wealthiest and most powerful businessmen from media, finance, and technology attend the annual week-long conference which is in its 32nd year.  (Photo by Scott Olson/Getty Images)