The general message to investors was to be patient. This comes after many investors are impatient wanting to know about the legendary investor’s next big acquisition.
Buffet mentioned that the cost of buying new businesses was at an ‘all-time high’.
The cash pile of Berkshire Hathaway is at $116 Billion – which is 34% higher than it was last year.
Buffet maintained that the US was a fertile ground for doing business.
He also said that long-term investors in the equity markets of the US would continue to gain.
Many were expecting more announcements from Buffet – which was missing. This was mainly in reference to the announcement of Buffet, Amazon, and J.P.Morgan & Chase expressing concern over rising healthcare costs in the US.