Buffet’s railroad holdings used to ship a lot of oil. That’s down. They also were a major beneficiary of traffic to and from China. Also down.
He has retail holdings like See’s Candy and some furniture store whose name I forget. They are closed due to quarantine.
But it could be due to investors who need to raise cash and have to sell their stock regardless of how Berkshire Hathaway is doing. All boats go down when the tide goes out.
You’re thinking of Nebraska Furniture Matt. According to their website they are reopening. They have stores in Omaha, Kansas City, Kansas, DFW, and Des Moines.