“Warren Buffett is trying to tell us something about the economy with Berkshire Hathaway’s earnings and the $147 billion of cash on hand”
August 7, 2023
“Warren Buffett can’t find bargains the way he used to. On Saturday, his Berkshire Hathaway reported its cash pile reached $147 billion while operating profits jumped 7% year-on-year to $10 billion in the second quarter.
That’s a solid performance, but the growing hoard of cash, nearing a record level, is an ongoing “problem” for the Oracle of Omaha—albeit a nice one to have. It suggests his conglomerate is struggling to find bargains in acquisitions or the stock market amid high valuations…”
https://finance.yahoo.com/news/warren-buffett-trying-tell-us-183359076.html
It’s not a problem. He’s waiting for the market to correct or crash. That’s all there is to it.