Warren Buffett when he was younger used to be a conservative believing in sound money and low debt, real growth. Warren is supposed to be this extremely smart fundamental investor that only buys good solid companies with strong balance sheets that grow earnings. Even before virus look at Buffetts kraft Heinz pick, 30 billion in long term debt , only 1 billion cash all that debt just to make ketchup and Mac and cheese which should be a very simple business with low risk, but with all that debt makes it very risky. Definitely not worth the risk because ketchup doesn’t have much growth potential. Buffett obviously asleep at the wheel on that one, now you have airlines, American Airlines actually has negative shareholder equity ending 2019. All these companies overloaded with debt in the boom because the fed held interest rates artificially low. Warren also has a lot more left to lose he has confidence in the banks that are all gonna need more bailouts soon these banks loaned a bunch of cash to already over leveraged consumers at cheap interest rates and now all that debt is about to go bad. Not to mention the coming inflation, so even the loans the banks do successfully collect will be losers because inflation will be much higher than the interest rates. Buffett bought into the bubble and he used to be very smart when he was younger which is when he built his fortune. I think a younger Warren Buffett would like Gold, Silver, commodities, and particularly mining companies. These stocks are cheap and the macro economics couldn’t be better. We had a real economy when Warren was younger based on actual productivity, not cheap money. So his strategy would have been very good years ago. Gold shouldn’t be outperforming the s and p 500 over the last 20 years that means the we are expanding money supply faster than companies can grow earnings. In a real economy gold shouldn’t go up at all.