Abel: Patience is needed amidst rapid technological change; holding cash presents a huge opportunity.

According to ME News, on May 2nd (UTC+8), at the Berkshire Hathaway shareholders meeting, CEO Abel answered a shareholder question: "As a young investor amidst uncertainty and rapid technological change, it's often difficult to balance patience and action. How do you personally distinguish between the two?" Abel stated: One of Berkshire's greatest strengths is patience and discipline in allocating capital. Opportunities will emerge over time. The same applies to you. This doesn't mean there are no opportunities now, nor does it mean you have to use up all your capital or spend all your money now. Berkshire recognizes that our cash and U.S. Treasury bonds are important assets, representing a huge opportunity. First, we must have a very clear understanding of what we are investing in. More important than technological evolution and rapid change is understanding the business, understanding the opportunity, and, more importantly, understanding the risks. Secondly, we need a very clear view of the future economic outlook—the outlook for the next 5 to 10 years—and must view this opportunity from a long-term perspective. Furthermore: Berkshire intends to hold these investments indefinitely. Capital is always the top priority. 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, swiftly, and with substantial capital. (Source: ME)