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Coronavirus: Why Is Warren Buffett Quiet At This Financial Downtime?

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Coronavirus: Why Is Warren Buffett Quiet At This Financial Downtime?

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Warren Buffett has been very quiet at this time that the world – caused by COVID 19 – is experiencing a rough financial time. Could this be a bad signal omen for the world’s stock markets and wider economies?

Since the end of February, Mr Warren Buffett has said very little (as of the time of writing).

Warren Buffett’s company – Berkshire Hathaway – sold off millions of dollars in shares from airline companies Delta Air Lines and Southwest Airlines, after the coronavirus pandemic slammed the airline industry.

Mr Buffett is chief executive of Berkshire Hathaway, which has big stakes in companies such as Amazon, Coca-Cola and Apple, and owns more than 90 businesses, including a railroad, an insurer, an energy provider and retailers.

His brilliant track record in deal-making has made him one of the richest men in the world and earned him a legion of followers – investors, finance and business.

Tens of thousands of investors gather every year for Berkshire’s annual shareholder meeting, which is more akin to a pop concert, sports event or religious revival than a typical corporate gathering.

However, his low profile at the moment is in contrast to how he responded during the last great crisis more than a decade ago.

Image: Reuters

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