Looks Like Berkshire Hathaway Isn’t Making Any Big Moves Just Yet
During the COVID-19 downturn, investors might have expected Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) to put its massive $125 billion cash pile to work and scoop up bargains by the truckload.
However, according to Buffett partner Charlie Munger, who recently spoke with Jason Zweig at The Wall Street Journal, that hasn't been happening.
It's surprising that the man who coined the term, "be greedy when others are fearful," and who bought lots and lots of stocks during the 2008–2009 Great Recession, is now sitting on his hands as the market roils from the COVID-19 slowdown.
Source Fool.com