Buffett Says Recent Market Volatility ‘Really Nothing,’ Urges Investor Calm

The 94-year-old Berkshire CEO also revealed that he plans to retire at the end of the year.

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., May 5, 2019. Nati Harnik, File/AP Photo

Warren Buffett on May 3 urged long-term investors not to be shaken by short-term swings and focus on fundamentals amid recent market volatility.

“What has happened in the last 30, 45 days … is really nothing,” Buffett told shareholders at Berkshire Hathaway’s annual shareholder meeting on May 3 in Omaha, Nebraska. “This is not been a dramatic bear market or anything of the sort.”