Warren Buffett on the 'one-two punch' market panic: It took me 89 years to experience something like
That’s Berkshire Hathaway BRK.A, -3.916% BRK.B, -4.262% boss Warren Buffett putting the recent market plunge — which he described as a “one-two punch” of coronavirus and falling oil prices — in perspective in an interview this week on Yahoo Finance.
“If you stick around long enough, you’ll see everything in markets,” he said from his Omaha headquarters. “And it may have taken me to 89 years of age to throw this one into the experience, but the markets, if you have to be open second by second, they react to news in a big time way.”
While it may have been scarier in 1987 and 2008, at least to Buffett, there’s no denying that it’s been a brutal stretch for investors. On Monday, the Dow Jones Industrial Average DJIA, -4.518% dropped more than 2,000 points before recouping a chunk of those losses on Tuesday.
https://www.marketwatch.com/story/warren-buffett-on-the-one-two-punch-market-panic-it-took-me-89-years-to-experience-something-like-this-2020-03-11?mod=home-page