shareholders meeting

Berkshire Celebrates Buffett's 60 Years as CEO as Abel Emphasizes $400 Billion Cash Pile

Berkshire Hathaway held its annual meeting celebrating Warren Buffett's 60 years as CEO, with Greg Abel fielding questions about the company's nearly $400 billion cash position. Buffett praised Abel as doing 'everything I did and then some, and he's doing it better in all cases.' The meeting also marked 10 years since Berkshire's $35 billion Apple investment, now worth $185 billion. Buffett warned that current market conditions have people 'in a more gambling mood' with prices looking 'very silly.' Berkshire repurchased only $234 million of stock in March, far below some investors' expectations for aggressive repurchases.