On the topic of investing, Warren Buffett said in his 2021 annual letter that ultra-low interest rates around the world diminished the appeal of the bond market. Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined "Squawk Box" on Monday to give his reaction on Buffett's letter. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6

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