Warren Buffett is Quietly Creating America's Largest Junk-food Conglomerate

Warren Buffett has said that " he eats like a 6-year-old ." It seems like that influences his investing decisions, too. Buffett's quietly creating a portfolio that now includes many of the most beloved junk-food brands in the U.S. While Buffett likes to tout his long-term outlook — he said today he would own Kraft "forever" — he has accumulated his holdings in food companies in a way that would make an impulsive kid happy. News broke early on Wednesday that Kraft will merge with Heinz to create the world's fifth-largest food company. The deal is another collaboration between Berkshire and private equity firm 3G, which will have a combined 51% of the newly merged company, called Kraft Heinz Co.