“ ‘It wasn’t October 1987, but it was an imitation... [and the financial crisis] was much more scary, by far, than anything that happened [on Monday].’ ”

That’s Berkshire Hathaway BRK.A, +0.36% BRK.B, +0.07% boss Warren Buffett putting the market volatility — which he described as a “one-two punch” of coronavirus and falling oil prices — in perspective in an interview recently on Yahoo Finance.

“If you stick around long enough, you’ll see everything in markets,” he said from his Omaha headquarters. “And it may have taken me to 89 years of age to throw this one into the experience, but the markets, if you have to be open second by second, they react to news in a big time way.”