(Feb 24): Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, on Monday called the 2019 novel coronavirus (Covid-19) outbreak "scary stuff" but said  it is no time to sell stocks, despite the threat of a pandemic.

Speaking on CNBC, Buffett said investors with a 10- to 20-year time horizon and focused on companies' earnings power will fare well in stocks, and that the outbreak has "not changed" his long-term outlook.