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Charlie Munger Says Berkshire Playing It Safe During Coronavirus; Outcome Of Crisis Could Be 'A Different Kind Of Mess' [Yahoo! Finance News]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Billionaire investorWarren BuffettThe Wall Street Journal in an interview.Berkshire's Priority Is LiquidityBuffett wants to keepBerkshire Hathaway Inc.BRK-ABRK-BThe firm's top priority is to weather the storm and emerge "with a whole lot of liquidity," he said."We're not playing, ‘oh goody, goody, everything's going to hell, let's plunge 100% of the reserves [into buying businesses]."Companies 'Frozen,' Munger SaysSome of the beaten-up companies, like airlines, don't know what's going on, Munger said. Typically, a troubled company would pick up the phone to speak with Buffett to work on a financing deal, but companies are instead busy negotiating with the government, he said."They're frozen," Munger said. "They've never seen anything like it. Their playbook does not have this as a possibility."Munger Says Outcome Could Be 'A Different Kind Of Mess'Berkshire's vast holdings across real estate, utilities, insurance, airlines and other sectors doesn't give the investment firm any unique Show less Read more
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