Buffett Reaffirms Succession, Flags Record $347B Cash, Says Will 'Wait for Right Pitch'
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Warren Buffett reaffirmed Greg Abel as his successor at Berkshire Hathaway's annual meeting, highlighting the company's record cash holdings of $347 billion. He emphasized the importance of investment discipline and indicated that the firm will wait for the right opportunities amid high market valuations. Buffett also expressed concerns about global trade disputes and their potential impact on corporate earnings. Shareholders engaged in a Q&A session, discussing topics like artificial intelligence and inflation, with executives stressing transparency and value creation as core principles.
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