Buffet tells CNBC he buys stocks more aggressively when they fall

In remarks to broadcaster CNBC´s 'Squawk Box' on Monday, Buffet said he wasn´t overly concerned by the retreat in share prices this year, with his view little changed over the past five months.

"We're almost always a buyer of stocks," he said.

"It's hard to think about many months when we weren't a net buyer of stocks."

Taking aim at those who attempt to 'time' moves in the market, Buffet said it was "crazy" to try and do so.

"In 10 or 20 or 30 years, I think stocks will be a lot higher then they are now," the investing legend added.

In his opinion, a great strategy was to just buy stock consistently over a life time and not worry too much about whether they rose or fell in any given month or year.

Over the weekend, Buffet sounded a very optimistic note, writing in his annual letter to Berkshire Hathawy shareholders that "it's an election year, and candidates can't stop speaking about our country's problems (which, of course, only they can solve)."

"[But] babies being born in America today are the luckiest crop in history."