Warren Buffett reveals that Berkshire was “quite close” to an agreement

• Berkshire Hathaway CEO WARREN BUFETT He told the shareholders at the annual meeting of the Saturday conglomerate that he almost released the trigger in a major agreement recently, but he ultimately did not. This occurs when investors have been asked when it will deploy the large amount of Berkshire cash and cash in a larger scale.

For years, Berkshire Hathaway’s CEO, Warren Buffett, has had high assets prices and lack of bargains to get it, but it may change.

During a question session and answers to the annual meeting of the conglomerate shareholders on Saturday, he said that the company almost released the trigger in a major agreement but did not happen.

“We got close to spending $ 10 billion, not long ago, for example, but we would spend $ 100 billion,” he said. “I mean, these decisions are not difficult to make when something is offered that makes sense for us and we understand and offer good value.”

This occurs when investors have been asked when it will deploy the large amount of Berkshire cash and cash in a larger scale, although it has made smaller bag purchases.

Saturday before, Berkshire reported that their available cash Rose to $ 347.7 billion at the end of the first quarter, up to $ 334.2 billion at the end of the fourth quarter.

Buffett defended Berkshire’s position to keep his powder dry, telling the shareholders that “we have made a lot of money by not wanting to invest at all times.”

Previously, he has noticed that the ordered returns that Berkshire has made their money on U.S. treasure bills. Meanwhile, his Sales of Actions last yearespecially AppleNow it seems that it is not timed ahead of the sale of the market caused by the trade war of President Donald Trump this year.

Buffett added that trying to invest tens of billions of dollars each year “would be the most silly thing in the world” because “things are extraordinarily attractive from time to time.”

But he expressed his confidence that an investment opportunity would take place in the coming years. “It is very unlikely to happen tomorrow,” said Buffett. “It is not unlikely to go out of five years.”

This story originally presented to Fortune.com