People always question (criticize) Buffett for holding so much in liquid assets and not optimizing his portfolio holdings. He has (had) over 100 billion in “dry powder” recently. Well...the events of the last week provide a clear example of why he does so.
It was a tough day in the market. A good day to end with Chic and Le Freak.
While the virus is "freaking people" out, I don't believe the ramifications will be long term. I do think it is a great time to own some solid dividend stocks at a discount.
