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Buffett Talks About Huge Cash Reserves
On May 3, Jin10 reported that Buffett stated at the Berkshire Hathaway shareholder meeting that the cash amount at Berkshire is indeed quite high, but good opportunities do not arise every day. Incorrect or improper investments can harm the interests of investors. Buffett mentioned that he has been looking for investment opportunities and hopes to reduce the cash on hand—possibly down to $50 billion. Things can occasionally become very attractive. A major deal is "highly unlikely" to happen tomorrow, but that is not the case in five years. The reason for making a lot of money is that he has never invested all his funds.