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A portfolio manager invested in Berkshire Hathaway explains why Warren Buffett could still be a post-pandemic winner, even as naysayers call him 'washed up'

A portfolio manager invested in Berkshire Hathaway explains why Warren Buffett could still be a post-pandemic winner, even as naysayers call him 'washed up'




Warren Buffett could be "one of the large beneficiaries" of the pandemic, a Berkshire Hathaway shareholder told Business Insider this week.




The famed investor can put Berkshire's massive cash pile to work if the outbreak worsens, while Berkshire's earnings will rebound if the virus threat recedes, Pelican Bay chief Tyler Hardt said.




"This inevitable recovery is not reflected in the current share price," he said.




Buffett didn't have time to strike any big deals during the coronavirus crash, Hardt added, and called for the Berkshire chief to reduce his Apple stake.




Visit Business Insider's homepage for more stories.



Warren Buffett disappointed many investors when he failed to deploy his Berkshire Hathaway conglomerate's $137 billion cash pile during the coronavirus crash, but one of his shareholders is still backing him to deliver the goods.
The famed investor and Berkshire CEO could be "one of the large beneficiaries of this tragedy," Tyler Hardt, whose Pelican Bay Capital Management oversees about $5.4 million in client assets, told Business Insider this week.
If the pandemic persists or worsens, Buffett can hunt for bargains and put Berkshire's cash to work, he said.
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