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.
The 30 year treasury bond is down to 0.86 percent from 1.29 percent on Friday. The virus is spreading fear. Now is the time to remain calm and not feed into it.
Remember a loss is only established when a security is sold.
