I think Warren Buffett is the world's greatest investor. He has made some interesting moves in the coronavirus crash so far.
Here are some of the things he's done:
Sold airlines
Berkshire Hathaway, Warren Buffett's company sold almost 13 million shares of Delta Air Lines and 2.3 million shares of Southwest Airlines. Together this raised around US$388 million.
Sold down a bank holding
The second thing is that Warren Buffett has sold down Bank of New York Mellon shares. This raised around US$30 million from the sale.
Raising even more cash
In March Berkshire sold US$1.1 billion of euro-denominated bonds with a 0% rate. In early April Berkshire Hathaway raised another US$1.8 billion in bonds in Japan.
What to think of these Warren Buffett moves
The first two moves shouldn't be particularly important to you. They may have just been to reduce Berkshire's exposure to under 10% of the company. There are regulatory differences if you own more than 10% of a company in the US.
It is unfortunate that after avoiding airlines for such a long time, Berkshire's airline investments have turned sour relatively soon after taking those positions.
At these low prices airlines like Qantas Airways Limited (ASX: QAN) may prove to be some of the best performers when the restrictions start levelling off. But only the high quality ones.
Warren Buffett's Berkshire Hathaway remains a large investor in US financial institutions. So perhaps you don't have to worry about panic selling your Commonwealth Bank of Australia (ASX: CBA) or Macquarie Group Ltd (ASX: MQG) shares.
Interest rates are now incredibly low. It makes sense to borrow at such low rates. I'm sure he's got a smart plan lined up for the cash.
Shares look great value at the current prices. They could get even cheaper as time goes on.
I'm sure Berkshire Hathaway will be making some big investment moves this year. We can't do the same sized deals as Berkshire Hathaway, but we can make very savvy investments during this time.
