Berkshire Hathaway (BRK)

[winston]

not vested

<Results> Berkshire Hathaway 1Q Cash Reserves Hit Record USD397B; Buffett Says Many Assets Now Appear Absurdly Priced

After the "Oracle of Omaha" Warren Buffett stepped down as chief executive of Berkshire Hathaway (BRK.A.US) at the end of last year, the company released its latest quarterly results.

Operating profit for 1Q rose 18%, while its insurance underwriting business grew by more than 28%.

During 1Q, the company sold approximately USD24 billion of equities and bought about USD16 billion.

Cash reserves reached a record USD397.4 billion, up 6.5% from the end of 4Q last year.

Chief Executive Officer Greg Abel said the company currently holds nearly USD400 billion in cash, which he believes will create unique investment opportunities.

If compelling investments at attractive prices emerge, the company stands ready to act decisively and deploy substantial capital.

Buffett said the current environment is not an ideal one for the company to invest. He noted that he has never seen the market so enthusiastic about speculation in financial markets as it is now.

However, this does not mean the investment environment has become very bad; rather, many assets are priced in ways that appear very absurd.

He reiterated his long-standing principle of investing only in businesses he understands.

Source: AASTOCKS Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[behappyalways]

In an interview with CNBC on the meeting's sidelines, Buffett fretted about a gambling mentality that has taken hold of some investors. "We've never had more people in a gambling mood than now," he said. "That doesn't mean investing is terrible, but it does mean that prices for an awful lot of things will look awfully silly."


Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years
https://www.zerohedge.com/markets/berks ... ks-2-years

[winston]

not vested

Berkshire CEO has sobering message for tech stock investors

by Moz Farooque

“We're going to be a builder of technology, rather than just a buyer of technology”.

“It has to be additive to our businesses. We're not going to have AI just to have AI.”

Source: The Street

https://finance.yahoo.com/markets/stock ... 00747.html