Warren Buffett discusses markets and Berkshire transition at annual meeting
Updated
Updated · CNBC · May 9
Warren Buffett discusses markets and Berkshire transition at annual meeting
8 articles · Updated · CNBC · May 9
In Omaha, Buffett said Berkshire's roughly $397.4bn cash pile reflects a lack of attractively priced major investments and backed Greg Abel's first year leading the shareholder gathering.
He warned markets show heightened gambling behaviour, said real opportunities usually emerge during panic, and cautioned that inflation and AI deepfakes remain serious risks Berkshire cannot fully control.
The interview followed muted but generally positive reviews of Abel's debut, scrutiny over just $234m of first-quarter buybacks, and Berkshire shares lagging the S&P 500's weekly gain.
Is Berkshire's big bet on Japan a preview of Greg Abel's new strategy for its massive cash pile?
With $400B in cash and a discounted stock, why is Berkshire's new leader not buying back more shares?
Is Berkshire's golden age of investing over now that an operator has replaced the oracle?