“In effect, we don’t want everybody to buy our stock.” Warren Buffett says that he wants “people who are in sync with us” to invest in Berkshire. AskWarren
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.
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