Here's Warren Buffett's First Move in the Coronavirus Bear Market
The stock market has fallen sharply because of the coronavirus pandemic, and value investors are licking their lips at all the opportunities they suddenly have to pick up stocks of their favorite companies at bargain prices. As the quintessential value investor, Warren Buffett has to feel like a kid in a candy store -- or like something reminiscent of a more colorful metaphor the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO made in the late 1970s.
We won't get a chance to see the moves that Buffett has made with Berkshire's stock portfolio until the insurance giant files its quarterly disclosure with the U.S. Securities and Exchange Commission, which likely won't come before mid-May. However, we've already gotten one hint about what Berkshire's doing during the coronavirus bear market, and it shows just how important Buffett thinks it is to have as much ammunition as possible to take advantage of great investment opportunities as they arise.
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Source Fool.com
