Warren Buffett: Currently not an ideal environment for Berkshire Hathaway's capital deployment

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BlockBeats News, May 3rd, Warren Buffett stated in an interview with CNBC: “Regarding Berkshire’s capital deployment, the current market environment is not ideal for us.” Buffett said that Berkshire has an excellent management team that can seize opportunities and patiently wait for the right targets.

Berkshire Hathaway held its annual shareholders’ meeting on May 2nd — the first meeting since Warren Buffett handed over the CEO role to Greg Abel earlier this year. Before the meeting, Berkshire’s latest financial report showed that its cash reserves had reached a record close to $400 billion.

Buffett said that although it may seem to outsiders that Berkshire sometimes remains on the sidelines and takes no action, in reality, it actively acts at the right moments. He admitted that the reluctance to heavily invest capital is partly due to the overall market valuation being high. When asked when the right investment opportunity would come, Buffett said it would naturally arrive “when no one wants to answer the phone.”

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