Warren Buffett Can't Find a Takeover Target

The transcript discusses Berkshire Hathaway's large cash reserves and the lack of significant acquisitions due to perceived market overpricing. It explores potential future investment strategies, including the impact of market corrections. The conversation also touches on succession planning, particularly the role of Greg Abel, and the implications of cash reserves for future leadership. Additionally, it reflects on the changing nature of Berkshire's shareholder meetings and the legacy of its leaders, Warren Buffett and Charlie Munger.

What factors might lead Buffett to finally make a significant acquisition?

How have the annual shareholder meetings changed over the years, and what might this indicate about investor sentiment?