“I will not do almost anything

• Warren Buffett said he did not build a huge stake in his planned successor.

• The billionaire mocked that he would only do a “noble” to make Greg Abel look good. “

• The Hathaway Berkshire Reserve doubled more than $ 300 billion in 2024 and rose in the last quarter of the last quarter.

One of the biggest questions hanging on Berkchire Hathaway is the reason Warren Buffett Such a large cash reserve was built.

The famous investor and CEO of Berckshire rejected the idea that he was setting up a large amount of money, treasury bills and other liquid assets for his planned successors, Greg AbelTo invest as soon as he leaves.

“I will not do almost anything like blocking investment myself Only even Grig can look goodHe said at the meeting of the annual shareholders of Burkshire on Saturday, causing a wave of laughter to overcome the crowd.

Berkshire Its cash pile has doubled To the north from 300 billion dollars last year, and rose to a new record of about 348 billion dollars in the first quarter of this year, the company The profits were revealed on Saturday.

One of the big factors in the increase was the sale of Berkshire for two -thirds of its location in Apple last year, which was its largest portfolio for years. Pavite is still Tim Cook, CEO of AppleWho was sitting just a short distance from him in the crowd watched at the Chi Health Center, where Business Insider was watching the procedures directly.

Puffett said that he will spend $ 20 billion, up to $ 100 billion, on the right opportunity if a company or any other assets provides good value and feel comfortable in the long term.

The high assessments of public shares, private companies, and even the valuable Berkshire shares have been foiled in recent years.

The billionaire said it prefers whether there are sufficient deals offered that Berkshire will only have $ 50 billion in reserves. But he said that it would be “the stupidest thing in the world” to constantly invest 50 billion dollars annually just to reduce the Berkshire’s monetary pile, as quality purchases only appear at times.

He also emphasized that he may have already been active in the market over the years.

“Charlie always thought I did a lot of things,” Buffett said, referring to his late business partner, Charlie Monger.

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