Squawk Pod: Warren Buffett in Omaha - 03/31/26 | Audio Only
Speakers
Summary
- Warren Buffett remains engaged in Berkshire Hathaway's investment decisions but finds few attractive opportunities, with only a "tiny" recent purchase.
- Berkshire holds over $350 billion in cash and Treasury bills, emphasizing liquidity and safety; recently bought $17 billion in T-bills.
- Buffett views the current market correction as insignificant; he awaits a substantial decline to deploy cash into stocks or businesses at attractive valuations.
- Apple is Berkshire's largest investment, with over $100 billion pre-tax gain; Buffett sees it as a superior consumer business but not buying more at current prices.
- Expresses caution on banking system fragility, including private credit, but admits uncertainty and prefers preparedness with cash and T-bills.
- Criticizes prediction markets and legalized gambling, calling it a "tax on stupidity" and disapproving of government sponsorship.
- Highlights nuclear proliferation and Iran as major risks, believing it more dangerous if Iran obtains nuclear weapons.
- Withholds future donations to the Gates Foundation pending more information from Epstein files; has not spoken to Bill Gates recently.
- Reviving charity lunch auction with Stephen and Ayesha Curry to benefit Glide Foundation and Eat, Learn, Play Foundation.
Trade Ideas
Berkshire holds over $350 billion in cash and T-bills, and recently bought $17 billion of T-bills, making them the largest owner. T-bills provide safety, liquidity, and preparedness for market downturns or investment opportunities, aligning with Buffett's strategy of always having cash ready for crises or attractive deals. LONG because he's actively accumulating T-bills as a core asset, emphasizing their role in risk management and capital preservation over other short-term instruments. Inflation reduces real returns, but Buffett prioritizes security and liquidity in uncertain times.
Buffett states Apple is Berkshire's largest single investment, with over $100 billion pre-tax gain, and it's a remarkable product better than any business they own outright. He believes Apple is a great consumer company with strong consumer loyalty, but current market prices aren't attractive for additional purchases; he would buy more if it gets cheaper. WATCH because he's monitoring for a price drop to increase holdings, indicating potential long-term value if valuation improves. Apple's stock price doesn't decline to attractive levels, or competitive pressures erode its business model.
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This CNBC video, published March 31, 2026, features Warren Buffett discussing BIL, AAPL. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Warren Buffett · Tickers: BIL, AAPL