Russia continues its aggression against Ukraine, which has sent shockwaves across the world. Markets have become volatile due to the uncertainly regarding the likely full-blown war, with oil likely to hit $130 per barrel this week. Billionaire investor Warren Buffett has some advice for investors during times of war.
During the 2014 tension between Ukraine and Russia, Buffett gave some advice on investing during wartime.
“The one thing you can be quite sure of is if we went into some very major war, the value of money would go down — that’s happened in virtually every war that I’m aware of. The last thing you’d want to do is hold money during a war,” Buffett said.
Buffett purchased his first stock in 1942 when “macro factors were not looking good.” But he insisted investors would “be a lot better owning productive assets over the next 50 years” than pieces of paper.
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