1/ CNBC should be commended for putting Warren Buffett on the air on a day like today. It is a genuine public service and attracts viewers. It partially offsets the damage they do with "chicken little" statements measured in Dow point drops rather than using percentages.
2/ Warren Buffett: "You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck."
He has said in the past that he sings the Hallelujah Chorus when stocks are on sale.
He has said in the past that he sings the Hallelujah Chorus when stocks are on sale.
3/ Buffett today: "We’re a net buyer of stocks over time. Most people are savers, they should want the market to go down. They should want to buy at a lower price.”
"I’ve been a personal net buyer of stocks ever since I was 11, every year. I haven’t bought stocks every day."
"I’ve been a personal net buyer of stocks ever since I was 11, every year. I haven’t bought stocks every day."
4/ Buffett: "We’re buying businesses to own for 20 or 30 years. We buy them in whole, we buy them in parts ... and we think the 20- and 30-year outlook is not changed by the coronavirus.”
"Reaching for yield is really stupid. But it is very human."
"Reaching for yield is really stupid. But it is very human."
