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Mohamed A. El-Erian Profile picture
Mohamed A. El-Erian
@elerianm
Rene M Kern Prof of Prac at Wharton. Allianz Advisor. Gramercy Chair. Chair of UnderArmour Board. Former Pimco CEO/co-CIO and President of Queens' Col Cambridge
May 2, 2020 • 4 tweets • 5 min read
.@WarrenBuffet on
Why he's not buying stocks in size: sensitivity to tail events and the '08 reminder "we don't see all the problems the first day."
On whether others should buy now: Only if you expect to hold for a long time and are financially and psychologically ready to do so @warrenbuffet .@WarrenBuffett repeated what Charlie Munger told the @WSJ earlier on why #BerkshireHathaway didn't repeat the 2008-09 experience of lending to stressed companies:
"We haven't seen anything attractive," especially after the #Fed quickly opened the #markets for companies to borrow