Warren Buffett, the renowned investor, continues to draw large crowds to the Berkshire Hathaway annual meeting. This year, he, along with successor Greg Abel and Ajit Jain, engaged with shareholders for over four hours. Buffett emphasized his optimism about investments, particularly in Japan, and revealed a robust cash reserve of $348 billion. Despite recent market declines, he maintained a positive outlook, suggesting they are still on the lookout for investment opportunities, though he was vague about specific plans for the substantial cash reserves.
For over four hours, the 94-year-old investing patriarch combined his usual folksy humor and his patented cheery positive outlook while answering many different questions, not the least of which was what he intended to do with his massive pile of ready cash.
He confirmed that Berkshire Hathaway still has a $348 billion cash/T-bills stash, emphasizing their ongoing assessment for potential investment opportunities.
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