Abel: Patience Needed Amid Rapid Tech Changes, Holding Cash a Huge Opportunity

BlockBeats News, May 2nd - During the Berkshire Hathaway shareholders meeting, CEO Abel responded to a shareholder's question: "As a young investor facing uncertainty and rapid technological change, it is often difficult to find a balance between 'patience' and 'action.' How do you personally distinguish between the two?"

Abel replied: One of Berkshire's greatest advantages is patience and discipline in capital allocation. Opportunities will present themselves over time. The same goes for you. This does not mean there are no opportunities now, nor does it mean you have to deploy all your capital or spend all your money right now.

Berkshire recognizes that our cash and U.S. Treasury bonds are an important asset, presenting a significant opportunity. First and foremost, we must have a deep understanding of what we are investing in. In the face of technological evolution and rapid changes, it is more critical to understand the business, the opportunity, and most importantly, the risks involved.

Secondly, there needs to be a very clear view of the future economic outlook - the prospects for the next 5 to 10 years must be viewed with a long-term perspective on where this opportunity is headed. Furthermore, Berkshire intends to hold these investments forever. Capital always comes first. Berkshire will not rush to deploy capital into suboptimal opportunities. We want it to fit our principles. Then, as I said before, we will act decisively, move quickly, and deploy significant capital.