Warren Buffett interview live updates: 'Good for us' when stocks drop, Berkshire coronavirus impact

7:13 am: Coronavirus outbreak shouldn't affect what investors do with stocks

Buffett said that while the coronavirus outbreak is daunting for the human race, it shouldn't impact investors' portfolio decisions. "It is scary stuff. I don't think it should affect what you do with stocks, but in terms of the human race it's scary stuff when you have a pandemic," he said. Berkshire Hathaway's annual meeting is May 2, which Buffett said the coronavirus could "very well" impact.

Specifically, he pointed to Apple and Dairy Queen being hit, as well as carpet maker Shaw Industries.Buffett said that no matter what's going on in the market, he's always been an overall net buyer of stocks. "I've been a personal net buyer of stocks ever since I was 11, every year." "I haven't bought stocks every day. There have been a few times where I thought stocks have been quite high, but that's very seldom" he added.As volatility in the market increases because of the coronavirus, Buffett said not to make investing decisions based on day-to-day moves. "You don't buy or sell your business based on today's headlines.

BeckyQuick First they laugh at you, then they fight you, then you win. Bitcoin

BeckyQuick Apple is Berkshire Hathaway's 3rd largest holding behind insurance and railroads, Buffett said. He called the company 'probably the best business I know in the world.' Berkshire owns roughly 5.5% of Apple $AAPL down another 4% as coronavirus fears escalate

BeckyQuick So true... It's good news when stocks drop due to temporary bad news. SmartInvestor

BeckyQuick WHO CARES? MARKET IS CRATERING AND WE ARE NOT INTERESTED IN HEARING HIS LONG TERM MUSINGS! CUT HIM OFF!!

BeckyQuick Seems this market dip is starting to look like the opportunity Buffett has been waiting for

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