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- Warren Buffett has kept a strangely low profile as the coronavirus outbreak continues to shake markets.
- The billionaire boss of Berkshire Hathaway, armed with a $128 billion cash pile, could capitalize on the recent sell-off to bolster his portfolio or throw a lifeline to companies as he did during the financial crisis.
- We asked investing enthusiasts on Reddit to speculate on what Buffett is up to, and their suggestions included biding his time, boosting his Apple and Amazon stakes, investing in Google, and striking bailout deals.
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Warren Buffett has been unusually quiet for weeks as the coronavirus pandemic and oil shocks continue to rattle global markets, leading many to wonder what he's doing.
The famed investor's Berkshire Hathaway conglomerate boasted a $128 billion cash pile at the end of December, which Buffett has been itching to deploy for years. The recent market meltdown may have allowed him to bolster his portfolio at bargain prices.
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See Also:
- The SEC took action against 23 companies for making false claims about COVID-19
- Credit Suisse outlines 5 reasons why stock traders should buy any dip that transpires this year — even as the market grapples with the coronavirus
- A set of closely watched business surveys gave a terrifying glimpse into the scale of Europe's looming coronavirus recession
from Business Insider https://ift.tt/2S3xdMH
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