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How to use record Cash reserves? Buffett: Must wait for the right opportunity to take action, possibly within five years.
Berkshire's cash reserves reached a record $347.7 billion in the first quarter of this year. Buffett stated that this scale far exceeds his ideal level, but the company must wait for the right opportunity to deploy this capital. He also revealed that Berkshire was once very close to using $10 billion from the company's record cash reserves last quarter, but ultimately decided not to act. Abel, who will take over as CEO at the end of the year, stated that Berkshire will adhere to its existing values to guide future investment behavior.
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The highlights of the 2025 Buffett Shareholder Meeting are here, a 500-word summary of the key points from four and a half hours of Q&A.
Buffett stated, "Trade should not be a Weapon;" trade and tariffs can be acts of war. The fiscal policy of the USA scares me; when the government takes irresponsible actions, the value of MMF can become 'terrifying.' The luckiest days are those on which I was born in the USA; I plan to continue Holding shares of Japanese trading companies for fifty to sixty years. The recent fluctuations in the USA stock market are not significant; there may be investment opportunities within the next five years. By the end of the year, Abel is expected to take over as CEO, and I will not sell any Berkshire shares.
Buffett: The investment in Japan has been very successful, and plans to Hold for 50-60 years.
Regarding Berkshire Hathaway's investments in Japan, Buffett stated that the investments in Japan have performed very well over the past 5 to 6 years, and the decision to invest in Japan was very correct. Berkshire not only currently has no plans to sell any Japanese Stocks in the short term but also intends to continue holding these Stocks for fifty to sixty years, hoping to establish long-term and deep cooperative relationships with them.
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