Warren Buffett could still be pandemic winner, portfolio manager says - Business Insider

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A portfolio manager invested in Berkshire Hathaway explains why Warren Buffett could still be a post-pandemic winner, even as naysayers call him 'washed up'

However, Hardt pointed out that Buffett's answers during public appearances this year have been as thoughtful as ever, adding that he moved quickly to"He is clearly sharp and has the wisdom of decades of investing experience," the Pelican Bay chief said.

However, Hardt would like to see Buffett play to his strengths by striking more deals and adding new stocks to his portfolio. "There are several businesses out there that are struggling with liquidity, that will survive and thrive when COVID subsides," he said. "Berkshire's fortress balance sheet could easily get these companies to the other side."to buy most of Dominion Energy's natural-gas business. While it "wasn't a steal," he expects Buffett to make a decent return and wants to see more of those types of asset purchases.

The portfolio manager also called for Buffett to cash out part of Berkshire's biggest holding, which has soared in value to north of $90 billion, and accounts for"I would like to see him trim his Apple position," Hardt said. "The company faces several headwinds and the valuation is getting ahead of itself."Disclosure: TD Ameritrade is a partner of Insider, Inc.'s business development team, which is separate from its editorial department.

 

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Buffet the eugenicist.

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