It may take years to fully understand all of the ramifications of the near-shuttering of the U.S. economy, actions that have ledover a six-week period, and the nation's gross domestic product to contract 4.8% between January and March.
But Buffett says if you hold tight and own a range of stocks, preferably in the S&P 500, you'll do fine. "The companies we bought were well managed,'' he said. But given the dramatic slow down in travel as a result of the coronavirus pandemic, those airlines are now planning to borrow $10 billion to $12 billion each.
Its interesting he didn't say American people will prevail! You know the 99% people other than the 1%!
He sold all his airline stocks,and told us the country will prevail.
As he sells ALL his U.S. airlines’ stocks? Perception is reality. Nothing means nothing when you’re as successful as Mr. Buffet, but what keeps him where he’s at- hint the 1%- & what strategies got him there! Keeping track of what he does/doesn’t !
Now do post trump prediction
I don't want to hear what he has to say!
America will prevail. WEARENOTAFRAID. VIRTUTEM OURCREATORLOVESUS
Good to hear this.
It is my concern that most citizens do not see the world as he does.
And by 'country' he means the American MiddleClass-backstabbing Plutocracy.
it'd better... or his valuations are shot to hell.
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Source: BusinessInsider - 🏆 729. / 51 Read more »