Warren Buffett's tips for investing in wartime

The U.S. tycoon assured that he would maintain an action regardless of the severity of the escalation of the conflict.

In view of the repercussions in economic spheres brought about by Russia's invasion of Ukraine, the statements of U.S. businessman Warren Buffett in 2014 regarding what to do with the dollar and investments during times of war once again came to light.

The world is on alert, not only because of what is happening between the two nations, but also because of the final outcome that the world economy may have. This scenario, which began in 2014 when the territory led by Vladimir Putin militarily entered Ukraine and annexed the territory of Crimea with the excuse of a referendum that was considered invalid by the West, put Buffett's advice on the table.

"If the stock is cheaper, I'll be more likely to buy it," the investor said in an interview for CNBC at the time, as compiled by Business Insider regarding what he would do with the decline in stock value.

"You're going to invest your money in something over time. The one thing you can be sure of is that if we get into a major war, the value of money will go down," he said.

Along the same lines, he considered that this process occurred during "all wars", so that "the last thing" that should be done is to keep the money during a war.

On the other hand, he referred specifically to the value of U.S. companies in times of conflict. In this way, he considered that "U.S. companies are going to be worth more money. Dollars are going to be worth less, so that money is not going to buy as much".

Looking ahead and over the next few decades, Buffett highlighted the latter concept and emphasized that it is a better idea to "own productive assets" than "pieces of paper or bitcoins."}

About the Berkshire Hathaway CEO's first investment at age eleven, he placed u$s115 in three Cities Service stocks. "You didn't have to pick a winning stock. You didn't have to pick a winning moment or anything like that. You basically just had to make an investment decision in your life."

He was convinced of this during World War II, during the Cuban missile crisis, on September 11 and in the 2008 financial crisis....