OK, seriously? There are only two options. 1) History repeats - we go into recession but then come out and carry on as usual. 2) History doesn't repeat - we go into a death spiral and end up bartering for milk and eggs.
Buffett is a long term value investor. He buys distressed companies that have strong fundamentals, decent management, and a catalyst for future growth, then he holds them for a very long time. He is buying two companies that are well off their high water marks and because he buys in enormous blocks he gets extremely steep discounts off current pricing. This is classic bargain hunting.
He'll make a killing but you won't hear about that for years to come because he will hold onto the companies until he feels they're no longer a good value - most likely that will be after his death.
of course, the whole global market could collapse in which case his money is useless anyway.
