Warren Buffett: Coronavirus should not affect long-term investors

'Chance to buy'

Investors should welcome falling stockmarkets as a "chance to buy", according to Warren Buffett, who said coronavirus fears should not affect stocks over the longer term.

World markets continued to fall on Tuesday as the coronavirus spread, with the S&P 500 extending losses for the week to 6.3%, while the UK's FTSE 100 fell by 5.6% and Japan's Nikkei 225 fell by 4.1%. But Buffett told CNBC on Monday investors should not "buy or sell your business based on today's headlines". "If it gives you a chance to buy something you like and you can buy it even cheaper, you're in good luck," he said. "You can't predict the market by reading the daily newspaper." Lindsell Train 'took advantage' of coronavirus sell-off panic At the time Buffett spoke, US marke...