Buffett appeared on CNBC Monday after releasing his annual letter to
Buffett said the reports he gets from Berkshire's assortment of more than 90 businesses and stock investments show that business is a little softer now than it was six months ago, but he remains optimistic.
“Twenty or 30 years from now, American business — and probably all over the world — will be far better than it is today,” Buffett said.
Many of Berkshire's roughly 1,000 Dairy Queen stores in
The company remains a net buyer of stocks over time, and Buffett doesn't expect that to change because of the coronavirus outbreak.
“This is scary stuff. I don't think it should affect what you do in stocks,” Buffett said. “In terms of the human race, it's scary stuff when you have a pandemic.”
Buffett touched on politics during the interview. The long-time Democrat said he would support
“I would have no trouble voting for Mike Bloomberg,” Buffett said.
The new virus took aim at a broadening swath of the globe Monday.
Worldwide, the number of people sickened by the coronavirus topped 79,000.
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