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'You've Got To Check Emotions At The Door:' Warren Buffett Offers Timeless Investing Wisdom Amid Market Turmoil
Berkshire Hathaway's cash reserves have increased to a record high, making it difficult to deploy funds amid the turbulent situation.
Berkshire's operating profit has decreased by about 14% year-on-year, and cash reserves have surged to a record $347.7 billion. In the context of uncertainties due to tariffs, the group finds it difficult to effectively deploy funds. In a statement released before the annual meeting in Omaha, Nebraska, led by CEO Warren Buffett, Berkshire reported that its operating profit has dropped to $9.6 billion. The statement mentioned international trade policies and tariffs, indicating that "there is still considerable uncertainty regarding the final outcomes of these events." At the company's annual meeting in Omaha, Buffett spoke more directly about tariffs.
Berkshire investors look forward to Buffett's guidance at the annual meeting: tariffs fluctuations impact the market and economy.
Warren Buffett has remained silent on the issue of tariffs and recent market turmoil, but the 94-year-old investment legend will finally speak at the opening of the Berkshire Hathaway annual Shareholder meeting on Saturday. This weekend, tens of thousands of enthusiastic Shareholders will flood into Omaha, Nebraska, to attend this annual event, dubbed the 'Woodstock for capitalists.' This year's Shareholder meeting marks the 60th year of Buffett leading the company and the second annual meeting since the passing of his long-time partner Charlie Munger, who died at the end of 2023. This year's Berkshire Hathaway Shareholder meeting is considered one of the only events of its kind in Nebraska.
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