According to BlockBeats, at the Berkshire Hathaway shareholders meeting on May 2nd, CEO Abel answered a shareholder question: "As a young investor amidst uncertainty and rapid technological change, it's often difficult to strike a balance between patience and action. How do you personally differentiate between the two?"
Abel stated: "One of Berkshire's greatest strengths is patience and discipline in allocating capital. Opportunities will arise over time. The same applies to you. This doesn't mean there aren't opportunities now, nor does it mean you have to use up all your capital or spend all your money right now."
Berkshire Hathaway recognizes that our cash and U.S. Treasury bonds are significant assets, representing a tremendous opportunity. First and foremost, we must have a very thorough understanding of what we are investing in. More important than technological evolution and rapid change is understanding the business, understanding the opportunity, and, most importantly, understanding the risks involved.
Secondly, a very clear view of the future economic outlook is needed—the prospects over the next 5 to 10 years. This opportunity must be viewed from a long-term perspective. Furthermore, Berkshire intends to hold these investments indefinitely. Capital is always paramount. Berkshire will not rush to invest capital in suboptimal opportunities. We want it to align with our principles. Then, as I said before, we will act decisively, act swiftly, and invest substantial capital.
