3 Stocks Buffett Likely Bought During This Correction
In his 2018 shareholder letter, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett candidly announced why he and his investment team have been reluctant to put the company's record $128 billion in cash to work. Said Buffett:
In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects.
However, businesses possessing decent long-term prospects no longer have sky-high valuations, thanks in part to the panic created by the spread of coronavirus disease 2019 (COVID-19).
Source Fool.com
