- Berkshire Hathaway CEO Warren Buffett He told the shareholders at the annual meeting of the bloc on Saturday that he almost pulled the operator on an important deal recently, but in the end he did not. This comes at a time when investors are wondering when the huge and growing cash storage will be published in Berkshire on a larger scale.
For years, the CEO of Berkshire Hathaway and Warren Buffett have disturbed the prices of high assets and the lack of deals there to register the exit, but this may change.
During a session of questions and answers at the meeting of the annual shareholders of the bloc on Saturday, he said that the company had almost pulled the trigger on a big deal, but it did not pass.
“We are very close to spending $ 10 billion, not long ago, for example, but we spend $ 100 billion,” he said. “I mean, these decisions are not difficult when something is made logical to us and we understand and provide good value.”
This comes at a time when investors are wondering about when to spread the huge and growing cash storage in Berkshire on a larger scale, although it has made some smaller stock purchases.
Earlier on Saturday, Berkshire stated that her money is available It rose to 347.7 billion dollars at the end of the first quarter, up from $ 334.2 billion at the end of the fourth quarter.
Buffett defended Berkshire’s position on keeping his powder dry, and he told the shareholders that “we have made a lot of money by not wanting to invest entirely at all times.”
He previously noticed the rankings achieved by Berkshire from placing its money in the US Treasury’s bills. At the same time, for him Stock sales last yearespecially appleIt seems that it is not expected before selling the market caused by the trade war Donald Trump this year.
Buffett added that an attempt to invest tens of billions of dollars every year “will be the most stupid in the world” because “things become very attractive at times.”
But he expressed his confidence that the opportunity to invest will come in the coming years. “It is unlikely to happen tomorrow,” Pavit said. “This is unlikely to happen within five years.”
This story was originally shown on Fortune.com
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