- Berkshire Hathaway CEO Warren Buffett The shareholders told the shareholders of the annual conglomerate on Saturday that he almost relying on a significant agreement recently, but ultimately. This occurs while investors wonder when it deploys the massive and growing stocks of Berkshire and growing on a larger scale.
For years, the CEO of Berkshire Hathaway, Warren Buffett, deplored the high prices of assets and the lack of good deals to recover, but that can change.
During a session of questions and answers at the annual meeting of shareholders of the conglomerate on Saturday, he said that the company had almost brought the trigger on a significant agreement but had not concluded it.
“We got closer to $ 10 billion, not so long ago, for example, but we would spend $ 100 billion,” he said. “I mean, these decisions are not difficult to make when something is offered that makes us meaning and we understand and offer good value.”
This occurs while investors wonder when it deploys the massive and growing stocks of Berkshire on a larger scale, although it has made smaller stock purchases.
Earlier on Saturday, Berkshire indicated that his available species had increased to $ 347.7 billion at the end of the first quarter, against $ 334.2 billion at the end of the fourth quarter.
Buffett defended Berkshire’s position on the maintenance of his powder in dry, telling the shareholders that “we have made a lot of money by not wanting to be fully invested at any time”.
Previously, he noted that the neat feedback that Berkshire made by putting his money in the invoices of the American Treasury. Meanwhile, its sales sales last year, in particular Apple, now seem strangely well timed before the sale of the market caused by the trade war of President Donald Trump this year.
Buffett added that trying to invest tens of billions of dollars each year “would be the stupidest thing in the world” because “things become extraordinarily attractive very occasionally”.
But he expressed his confidence that an investment opportunity will occur in the years to come. “It is very unlikely that it will happen tomorrow,” said Buffett. “It is not unlikely that it will happen in five years.”
This story was initially presented on Fortune.com
