Warren Buffett’s Berkshire Hathaway has just had its annual meeting in Omaha, and in the legendary hours-long Q&A session, super investor Buffett answered questions about why he’s hoarding so much cash instead of buying stocks. Buffett also talked about selling some of Berkshire’s Apple stock.

Timestamps:

00:26 Goal: increasing operating earnings, decreasing shares outstanding

01:37 Losing Apple conviction?

03:19 Stocks are businesses

06:03 Buying wonderful businesses at fair prices

08:11 On building Berkshire’s huge cash position

10:10 Is the stock market expensive right now?

14:02 Buying stocks: only swinging at fat pitches

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Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.