Warren Buffett calls Coronavirus outbreak 'Scary Stuff, But he won't be selling stocks

12:00:00 PM, Tuesday 25th of February 2020 | in business

Warren Buffett, the billionaire called the coronavirus outbreak "scary stuff" but said that it was no time to sell stocks despite the threat of a pandemic. Markets worldwide fell. He added long-term investors should not get caught up in daily headlines, and that Berkshire would certainly be more inclined to buy stocks. The reports stated that the economy grew 2.3% last year but has experienced slower consumer performance.