From CNBC:

Warren Buffett discussed Berkshire Hathaway’s performance at the shareholders meeting, mentioning the challenges of finding impactful investment opportunities due to the company’s size. Berkshire’s net worth constitutes 6% of the S&P 500 companies, with Buffett indicating they hold a significant amount of cash with limited deployment options. Buffett purchased Alleghany for $11.6 billion in 2022 and a 28% stake in Occidental Petroleum, but has yet to find the coveted “elephant-sized” acquisition he desires. Berkshire holds a 9% stake in five Japanese trading companies and expects slightly better performance than the average U.S. company. Buffett expressed that Berkshire is unlikely to achieve eye-popping returns, stating that slightly better than average performance is the goal. Berkshire’s stock has reached record highs in 2024, trading above $620,000 for Class A shares, with a market value exceeding $900 billion.



Read more: Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size