The coronavirus and its accompanying recession have hit everyone — including billionaire investing legend Warren Buffett.
Most of the companies making up his massive conglomerate, Berkshire Hathaway Inc., felt “relatively minor to severe” effects from the COVID-19 outbreak during the spring and early summer, Berkshire’s most recent earnings report reveals.
Even so, Berkshire reported an 87% jump in quarterly profits — so, the “Oracle of Omaha” (his Nebraska hometown) would seem to be weathering the crisis just fine.
You can follow his lead. Here are five examples of how you can benefit from Buffett’s advice to act defensively and keep debt under control while the virus rages.
Take full advantage of low interest rates
Buffett became one of the wealthiest people on the planet by capitalizing on opportunities. He sees fantastic opportunities for borrowers in 2020, thanks to the