Investment Precious Buffett also earned 61 trillion won in crown.

Billionaire US investor Warren Buffett Berkshire Hathaway (90, photo), called the “Precious of Investment,” lost about 61 trillion won in the first quarter (January-March) as a result of the new coronavirus infection (Corona 19) . In the early days of the Corona 19 incident, a large number of American airlines were purchased in February, but as the situation dragged on, it suffered huge losses.

According to CNBC and others, Berkshire Hathaway reported in the second performance report (local time) that it suffered a net loss of $ 49.7 billion (approximately 60.63 trillion won) in the first quarter of this year. It has been the biggest loss since its inception in 1839.

The massive losses were largely affected by investment losses of $ 52.5 billion. In particular, Berkshire Hathaway aggressively bought the major shares of US airlines, starting with the purchase of 976,000 shares of Delta Air Lines in February. It was a preventive investment because the situation in Corona 19 was about to pass. However, with the prolonged event, the global aviation industry was virtually paralyzed and losses soared.

At the online shareholder meeting, Buffett said: “It sells the top four stocks of American airlines, including Delta, American, Southwest and United Airlines. It was my mistake. “His airline sales alone are estimated to be approximately $ 6 billion. He said he was not finding the right investment.
But he was optimistic about the United States’ economic outlook and said: “The magic of the United States will restore the economy as it did in the past.” He did not mention when the economy was recovering. Meanwhile, with Corona 19, top companies around the world saw their first-quarter performance decrease by 40% compared to the same period last year. On day 3, Japan Nippon Gaizai Shimbun cited data from financial information provider ‘Quick Fact Set’, and the January-March net profit of 8,400 companies worldwide decreased by 40% from last year to $ 440 billion (about 538.56 trillion won)) The top companies in Japan and Europe were relatively good at 78% and 71%, respectively, and the US. USA With 36%. The Nippon Gaizai Shimbun analyzed that Japan, Europe’s major industries such as automobiles, materials, and energy, had deteriorated significantly, while the United States supported information technology (IT) and pharmaceutical companies.

By Ji-Sun Choi, reporter [email protected]