Warren Buffett: I can't make money by predicting 'what's going to go on next week or next month'

Berkshire Hathaway's chairman and CEO Warren Buffett told CNBC's Becky Quick on Monday that he doesn't make money based on predicting "what's going to go on next week or next month'."

As volatility in the market increases because of the coronavirus, Buffett said not to make investing decisions based on day-to-day moves. “You don’t buy or sell your business based on today’s headlines. If it gives you a chance to buy something you like and you can buy it even cheaper, you’re in good luck,” he said, adding that “you can’t predict the market by reading the daily newspaper.”

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