Warren Buffett bargains quote

Warren Buffett told the Berkshire Hathaway annual meeting on May 3, 2025 that he was not finding attractively priced investments, leaving the conglomerate sitting on a record $347.7 billion cash pile. He also recommended Greg Abel as his successor, effective January 1, 2026. A widely circulated headline claiming Buffett, at 95, warned that nuclear weapons will be used “sooner or later” cannot be verified in any 2025 primary source reviewed for this report.

What Buffett confirmed at Berkshire’s May 2025 meeting

Berkshire Hathaway’s official announcement confirmed that Buffett recommended Greg Abel as chief executive officer at the May 3 question-and-answer session. The board voted the following day, May 4, to appoint Abel as president and CEO effective January 1, 2026, while Buffett remains chairman.

Contemporaneous AP coverage of the meeting identified Buffett as 94 years old at the time of his announcement, not 95 as the headline in question states. The distinction matters because the “95-year-old” framing appears to originate from a Chinese-language aggregator rather than from verified English-language event reporting.

Why Buffett said now is not the time to buy bargains

AP reported that Buffett told shareholders he did not see many attractively priced investments he understood. Rather than deploy capital into overvalued assets, Berkshire chose to hold cash, bringing its reserves to a record $347.7 billion by the end of the first quarter of 2025.

$347.7 billionRecord Berkshire cash stake cited in AP’s coverage of Buffett’s May 3, 2025 meeting remarks.Buffett added that even Berkshire’s own shares did not look like a bargain. He characterized the recent market turmoil following the Trump administration’s tariff announcements as “really nothing,” suggesting the selloff was insufficient to create genuine value opportunities.

The patience-over-action stance is consistent with Buffett’s long-standing investment philosophy: wait for prices that offer a clear margin of safety rather than chase dips. Major institutional players across markets, including those shaping Bitcoin price movements around geopolitical developments and ETF launches, face a similar question about when valuations justify deployment.

What is verified and unverified about the nuclear-weapons line

The headline’s most striking claim, that Buffett said nuclear weapons will be used “sooner or later,” cannot be confirmed from any 2025 source reviewed for this article. Neither the Berkshire announcement, AP’s meeting coverage, nor the Reuters dispatch from the same event contain this wording.

The closest match located was in a February 2006 Wharton transcript based on multiple note-takers’ accounts. That document references Buffett discussing weapons of mass destruction in a different context and a different decade. It does not constitute evidence of a 2025 statement.

The headline appears to merge verified May 2025 Berkshire meeting remarks about bargains and tariffs with older Buffett commentary on geopolitical risk. Readers encountering this framing should be aware that the nuclear-weapons line remains unverified as a current Buffett statement.

Why tariffs and succession matter more than the headline suggests

Reuters reported that Buffett told shareholders trade should not be used as a weapon, a direct reference to the escalating U.S. tariff policy under the Trump administration. His characterization of recent tariff-driven volatility as insignificant suggests he views the policy disruption as manageable rather than systemic.

Berkshire’s first-quarter operating profit fell 14% to $9.64 billion, while quarterly net income dropped 64% to $4.6 billion. These declines provide context for Buffett’s caution on valuations: even Berkshire itself was not immune to the broader earnings pressure. The tariff climate also shapes sentiment in digital asset markets, where institutional leaders are adjusting long-term plans amid shifting trade policy.

The clearest forward-looking signal from the meeting is the Abel succession timeline. With Buffett stepping down as CEO on January 1, 2026 but remaining as chairman, Berkshire enters a transition period where Abel’s capital allocation decisions will be closely scrutinized. The record cash position he inherits will define the early narrative of his tenure.

FAQ

Did Buffett really say it is not the time to buy bargains?

Yes. AP reported that Buffett said he did not see many attractively priced investments he understood and that even Berkshire shares did not look like a bargain at current prices.

Was Buffett 95 at the May 2025 Berkshire meeting?

No. Both AP and Reuters identified Buffett as 94 years old at the time of the May 3, 2025 meeting. The “95-year-old” framing appears to originate from a Chinese-language source rather than verified English-language event coverage.

Is there evidence he said nuclear weapons will be used sooner or later in 2025?

No 2025 primary or secondary source reviewed for this article contains that wording. The closest match found was in a 2006 Wharton transcript. The claim remains unverified as a current Buffett statement. This highlights the importance of tracing claims back to verified primary sources rather than aggregated headlines.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.