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Wednesday, February 8, 2023

Warren Buffett is likely to load up on cheap stocks as other investors panic in 2023, Elon Musk says | Business Insider

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Elon Musk, the CEO of Tesla, predicts that Warren Buffett would likely go on a stock purchasing binge in 2023. 

When markets are in a panic, an investor might use the opportunity to buy high-quality companies, according to Musk. Musk has identified impending recession and increased interest rates as stock market hindrances. According to Elon Musk, Warren Buffett is going to take advantage of the market turbulence in 2023 and buy up plenty of inexpensive stocks. The CEO of Berkshire Hathaway, Buffett, is an expert at spotting undervalued, high-quality companies and making long-term investments in them. The renowned investor is also known for seizing opportunities during turbulent times. During the financial crisis, he made lucrative deals with General Electric, Goldman Sachs, and other struggling businesses. 

Source: https://markets.businessinsider.com/news/stocks/warren-buffett-stock-portfolio-berkshire-hathaway-elon-musk-tesla-recession-2022-12 

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