With the covid-19 pandemic hitting markets and the liquidity situation, globally, people are worried about how to manage their investments and debt alike.
Legendary investor Warren Buffett, in the annual general meeting of Berkshire Hathaway, his holding company, had some advice that can help ease such troubles.
The AGM, an annual pilgrimage of sorts for dedicated equity investors, was conducted over video conferencing this year due to the worldwide travel bans and lockdowns.
Here are some important takeaways. Pay attention to risk Despite Buffett’s famous quote about being greedy when others are fearful, he made just $1.8 billion of net equity purchases in January-March 2020 (the company has a cash pile of $137 billion).