Mon May 05 09:50:00 UTC 2025: ## Buffett Reveals Near-Miss on $10 Billion Deal, Hints at Future Big Spending
**OMAHA, NE –** Berkshire Hathaway CEO Warren Buffett revealed Saturday at the company’s annual shareholder meeting that he came close to finalizing a massive, approximately $10 billion, acquisition recently, but ultimately decided against it. This revelation comes amidst growing investor anticipation regarding the deployment of Berkshire’s substantial cash reserves, which reached a record $347.7 billion at the end of Q1.
While Buffett has long lamented the lack of attractive investment opportunities, suggesting a shift in market conditions, he stated that the decision to forgo the $10 billion deal wasn’t difficult. He emphasized that Berkshire would readily spend far more – even $100 billion – on a suitable acquisition that offered strong value and aligned with the company’s understanding of the market.
Buffett defended Berkshire’s conservative approach, highlighting the significant profits generated by strategically holding cash rather than being fully invested at all times. He pointed to the returns from holding U.S. Treasury bills as an example, and the fortuitous timing of last year’s stock sales, particularly of Apple shares, before the market downturn.
While expressing confidence in future investment opportunities, Buffett tempered expectations, stating that such a significant deal is unlikely in the immediate future but more probable within the next five years. He stressed that attempting to invest tens of billions annually would be unwise, given the infrequent emergence of truly compelling investment opportunities.
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