What do billionaires think about the coronavirus?

What do billionaires think about the coronavirus?

With all the worries and uncertainties coming from the coronavirus news, let’s take a look at the opinion of the US billionaires. What do they recommend to do in the times when the stock market turns red?

Warren Buffet: still optimistic

The attitude of a famous billionaire towards the long-term outlook for the stock market has not changed. Mr. Buffet acknowledges the risks of coronavirus, calling it “scary stuff”. During the interview, he mentioned that the spreading of the virus may be negative for the portfolio of Berkshire Hathaway (which is under control of Warren Buffet). Despite that fact, he sees the US economy strong enough and remains bullish on stocks. Among his favorite investments, he named Apple, JPM and Bank of America. He paid special attention to the stocks of central banks.

Warren Buffet recommends not buying or selling stocks based on the day’s headlines. “The real question is: ‘Has the 10-year or 20-year outlook for American businesses changed in the last 24 or 48 hours?”, - he says.

Leon Cooperman: coronavirus is like “a blemish on a beautiful lady”

The American hedge fund manager expresses confidence that people will manage to find a way to cure the virus and the stock market will get better in June. At the same time, he admitted that he lost a lot of money this week.

Leon Cooperman sees the coronavirus selloff as a healthy correction for the market.

Other billionaires: the impact is visible

As the stock market goes down, the famous rich people lose their money, too. This week it was reported that Bill Gates, the Microsoft founder, lost about $2.1 billion. The Facebook CEO Mark Zuckerberg suffered a loss of $3.4 billion. None of them seem to be panicking, though. Neither should you!



Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Latest news

Crucial News For The Following Week
Crucial News For The Following Week

Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!

Focus on Banks' Meeting and NFP
Focus on Banks' Meeting and NFP

The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera