Warren Buffett almost made a $10 billion deal but decided against it, defending cash reserves.
From Yahoo Finance.: 2025-05-03 11:14:00
Berkshire Hathaway CEO Warren Buffett revealed at the annual meeting that he almost made a significant deal but ultimately chose not to, despite investors wondering when the cash stockpile will be deployed. Cash rose to $347.7 billion in Q1, with Buffett defending Berkshire’s strategy of keeping cash reserves.
Buffett noted that they came close to spending $10 billion recently and could spend $100 billion if the right opportunity arises. He defended Berkshire’s strategy of not always being fully invested and highlighted the successful timing of stock sales, including Apple. Buffett expressed confidence in future investment opportunities but cautioned against hasty decisions.