Billionaire investor Warren Buffet in an interview Thursday with CNBC's Becky Quick said he is optimistic the current market downturn will probably create buying opportunities.

"You get more excited when there's a lot going on, you can't help it," said the chairman of Berkshire Hathaway. "And frankly, it will probably present more opportunity to us because when dislocations occur, things get more mispriced and that sort of thing ..."

Speaking with Quick before a fundraiser he co-hosted for Democratic presidential candidate Barack Obama, Buffett continued, "So it can be a time of opportunity. It won't be for sure, but generally speaking, when there's a certain amount of chaos in certain sections, the fallout, and it's unpredictable where the fallout will be, but the fallout sometimes offers some real opportunities."