Stock market quotes, forex, financial news, forex tools –

Buffet is not going to change strategy because of coronavirus

 Breaking News
  • Serious drawdown of oil quotes Today, oil is actively declining. A very significant increase in the reserves of “black gold” in the United States caused this drop. Moreover, the fears that Russia will not reduce...
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
Buffet is not going to change strategy because of coronavirus
February 26
09:00 2020

A famous American billionaire Warren Buffett has issued an annual statement for investors and gave an interview on this occasion. The billionaire believes that the coronavirus epidemic cannot serve as a reason for adjusting the investment strategy in the stock market.

However, the US stocks have declined sharply because of the fears that the epidemic will spread outside of China. Just on Monday, the decline passed the mark of 3%.

Warren Buffett said the long-term outlook had not changed. The investor is confident that the market is able to cope with the recession, and that the long-term business prospects are simply physically unable to change in a few days.

Berkshire Hathaway is Warren Buffett’s brainchild. Its net profit for the last quarter of last year has amounted to 29.2 billion US dollars. The figure is $ 17,909 in terms of one share. In the previous year, the indicators were much more modest – a net loss of $ 25.4 billion or $ 15,467 loss per share.

The operating profit has fallen to $ 4.4 billion, i.e. by 23%. The deterioration in the performance of the company’s insurance division caused the drop.

Last year, the growth in the value of Berkshire securities amounted to 11%. For the same period, the S&P 500 stock index has grown by 31.5%. Thus, the company showed a serious lag behind the average growth rate. Strong reporting and Buffett’s statements, made the investment company’s stocks rise 0.9% on Tuesday.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment