The virus is placing enormous pressure on stocks, and investors are fearful. Warren Buffett, the Oracle of Omaha, is still advising people not to buy or sell in a panic. The world’s most successful investor is urging investors to stick to long-term goals.
Buffett is not afraid of the ensuing market crash. He believes his investments will do well as the dust settles and stock markets recover. The billionaire invests primarily in American businesses, yet there are two Canadian businesses in which he has a significant stake.
Today I’m going to take a quick look at both the Restaurant Brands International (TSX:QSR)(NYSE:QSR) stock and Suncor Energy Inc. (TSX:SU)(NYSE:SU) stock. Perhaps this will help you understand why you should hold on to shares of both businesses during the market meltdown like Warren Buffett himself.
Buffett knows we've never had a better buying opportunity in equities than we have now. I expect I'll have a lot more money at the end of this year than I had at the end of last year.