• 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.