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Warren Buffett Will Not Be Selling Stocks in Here, Neither Will Any Savvy Investor

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$DIA $SPY $QQQ

Monday, Warren Buffett, Chairman of Berkshire Hathaway Inc (NYSE:BRK.A, BRk.B)) , on Monday called the coronavirus outbreak “scary stuff” but said that it was no time to sell stocks despite the threat of a pandemic.

In a TV interview Mr. Buffett said investors with a 10 – 20-yr time horizon and focused on companies’ earnings power will fare well in stocks, and that the outbreak has “not changed” that long-term outlook.

It is scary stuff,” Mr. Buffett said. “I do not think it should affect what you do in stocks.”

If you look at the present situation,” he said, “you get more for your money in stocks than bonds.”

He said this was true though the US economy, while still strong, had become “a little softer” than it was 6 months ago.

Stay tuned…

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.