Berkshire Hathaway (BRK.B) is located

Berkshire Hathaway (BRK.B, Financials) is not in a hurry. Warren Buffett (Trades, Portfolio) said that the company is now holding more than $ 300 billion in cash and short-term investments. That is about 27% of the total assets. For Buffett, this money is a safety net and a weapon. It gives him freedom to wait for something very special.

He mentioned an example: an opportunity of 10 billion US dollars that looked good, but not great. They passed. Buffett told the shareholders that he would not settle. Offers in Berkshire do not occur on a Schedulenhey if the numbers are useful.

A place where the numbers still make sense: Japan. Berkshire owns Einsachen on five large Japanese trading companies. Buffett called it a 50-year investment. No drama, just constant conviction.

Real estate? Not so much. Buffett said it was slow, messy and full of bureaucracy. Shares, as he emphasized, let them move quickly and quietly. This speed is important when the right moment comes.

He also took a moment to think about the trade. While he did not name any names, Buffett fell back to the idea of ​​using tariffs as a lever. Trade, he said, should build mutual wealth tension. So Berkshire thinks about global business: long -term, collaborative and trust.

The big picture? Berkshire remains patient. There is no hurry to use money just to stay busy. Buffett and his team are waiting for the right pitchand and have the money and the attitude to do it.

This article first appeared on Gurufocus.