Warren Buffett and Charlie Munger were 'sidelined in fear' during the coronavirus crash, investor Bill Smead says

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· *Warren Buffett and Charlie Munger were too terrified during the coronavirus crash to make any big moves, Berkshire Hathaway investor Bill Smead said in his second-quarter shareholder letter.*
· *"It is unlikely they have been more scared by economic circumstances in my lifetime than they were in March through May,"...