I previously outlined the reasons why I would be buying stocks in my personal portfolio during the COVID-19 stock market sell-off. In a nutshell, this virus is a temporary disruption and not an indication that there is something fundamentally wrong with the U.S. economy.
Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) CEO and legendary investor Warren Buffett is known for buying stocks during market downturns. Buffett and Berkshire Hathaway stock investors made a killing off of his timely investments during the financial crisis in 2008.
I made a killing back in 2008 and 2009 identifying stocks to buy that I felt priced in an excessive amount of risk or had value that was underappreciated.
I’ve been covering cannabis stocks for years. I’ve never bought a single share of any cannabis stock in my own personal trading account. But that changed this week when Canopy Growth (NYSE:CGC) stock finally dropped too low for me to resist.