The pandemic has Americans preparing for the worst, just like Warren Buffett

May 27, 2020 by Doug Whiteman

There’s a reason they call Warren Buffett the Oracle of Omaha. The multibillionaire from Nebraska says he predicted what we’re currently facing.

“I’ve always felt a pandemic would happen sometime,” Buffett told Yahoo Finance in a recent interview.

He had warned of a coming “megacatastrophe” over a year ago, in the 2019 annual letter to his Berkshire Hathaway company shareholders. “The Big One,” Buffett wrote, would be far more devastating than hurricanes Katrina and Michael.

He said Berkshire, which owns Geico and several other insurance companies, would suffer “very big” losses, but would be ready to bounce back the very next day.

Click HERE to read the full story via YAHOO

Originally Posted at YAHOO on May 24, 2020 by Doug Whiteman.