Warren Buffett calls coronavirus outbreak 'scary stuff,' but says he won't be selling stocks

Warren Buffett says coronavirus doesn't dampen his long-term support for stocks

), on Monday called the coronavirus outbreak “scary stuff” but said that it was no time to sell stocks despite the threat of a pandemic.

Buffett, however, said long-term investors should not get caught up in daily headlines, and that Berkshire would “certainly be more inclined” to buy stocks than on Friday.He said this was true though the U.S. economy, while sill strong, had become “a little softer” than it was six months ago. Berkshire, based in Omaha, Nebraska, has more than 90 operating businesses including the BNSF railroad, Geico auto insurer and Dairy Queen ice cream, and Buffett said the coronavirus outbreak has affected a significant number.

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