The Oracle of Omaha Warren Buffett told a gathering of India businessmen this week that he likes the Brazil, India and China (sorry Russia).

FORBES: Buffett Likes the Big EMs

He holds China Mobile as a core in that portfolio, and likes the long term prospects of this teleco.

FORBES: China Mobile to Buy 1 Million Tablet Computers

Dietrich is an international investor, so he likes the big multinationals with exposure to the emerging market powerhouses Brazil, India and China.

FORBES: Five Fundamentals Driving Current Stock Market