American business tycoon and investor (investor) Warren Buffett said his company Berkshire Hathaway still had enough cash, but at present there is no company that is attractive in terms of investment. Buffett, an 89-year-old billionaire investor, said, "We haven't made any investment lately, because nothing is worth investing right now."
He also said that the situation may change very soon or it may not change. Berkshire had cash of $ 13,700 crore (about Rs 10 lakh crore) at the end of the March quarter. Berkshire shareholders are waiting for Buffett to invest some money somewhere. Coronaviruses have caused many stocks to fall drastically.
The S&P 500 has fallen 35 percent below the February record level. Prior to this, whenever stocks have fallen like this, Buffett has taken advantage of the opportunity and bought partial ownership in the companies. He has invested in institutions such as Bank of America and Goldman Sachs during the 2008 financial crisis. Buffett said, "We want to do something big. We want to invest three, four or five thousand million dollars. But at present, no company is so attractive where to invest so much. '
Hair not cut for seven weeks, not wearing tie
Warren Buffett, the world's fifth richest man, said he has not had a haircut nor a tie for the past seven weeks due to the Corona crisis. In the coming time, it is possible that people should also make big cuts in air travel. According to the Bloomberg Billionaires Index, Buffett owns property worth $ 7,200 million, or about Rs 5.40 lakh crore.
Corona cannot stop America from moving forward
Buffett told investors that America is fundamentally a very strong country and has the potential to withstand a crisis like Corona. He said that no challenge can stop America from moving forward. He referred to the many disasters that have come before to show America's capability.
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