Berkshire will shut some businesses, stay cautious in coronavirus ‘typhoon,’ Munger tells WSJ

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc <BRKa.N> will close some smaller businesses and is positioning itself conservatively as it rides out the coronavirus pandemic, Berkshire Vice Chairman Charlie Munger said in an article published on Friday.

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“We’re like the captain of a ship when the worst typhoon that’s ever happened comes,” the 96-year-old Munger said in an interview with The Wall Street Journal.

“Warren wants to keep Berkshire safe for people who have 90% of their net worth invested in it,” Munger added. “That doesn’t mean we couldn’t do something pretty aggressive or seize some opportunity. But basically we will be fairly conservative. And we’ll emerge on the other side very strong.”


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