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Warren Buffett: Paris terrorist attacks won't affect his investment decisions

Warren Buffett: Paris terrorist attacks won't affect his investment decisions

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Friday’s terrorist attacks in Paris won’t affect Warren Buffett’s investment decisions.

“I’m not selling any securities because of the attacks in Paris, not at all,” the billionaire investor and chairman of Berkshire Hathaway told[1] CNBC during a phone interview.

Today was unusual in that stocks rallied on day one, a sign of terrorism is having less and less of an impact on financial markets as attacks become more common.

Shares of Berkshire rose 0.39% Monday to $198,595.

Buffett also told CNBC that Berkshire Hathaway, the Omaha, Neb.-based conglomerate controlled by Buffett, cut its investment in Walmart and Goldman Sachs in the third quarter to raise cash for its pending purchase of Precision Castparts.

References

  1. ^ told (www.cnbc.com)
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