Warren Buffett: Coronavirus should not affect long-term investors

'Chance to buy'

David Brenchley
clock • 1 min read

Investors should welcome falling stockmarkets as a "chance to buy", according to Warren Buffett, who said coronavirus fears should not affect stocks over the longer term.

World markets continued to fall on Tuesday as the coronavirus spread, with the S&P 500 extending losses for the week to 6.3%, while the UK's FTSE 100 fell by 5.6% and Japan's Nikkei 225 fell by 4.1%. But Buffett told CNBC on Monday investors should not "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 said. "You can't predict the market by reading the daily newspaper." Lindsell Train 'took advantage' of coronavirus sell-off panic At the time Buffett spoke, US marke...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot