Instead, the “Oracle of Omaha” has become a “committed” and “long-term” investor in a handful of Japanese companies.

Berkshire Hathaway's net stock sales totaled a record $134 billion in 2024, and the company finished the year with a record amount of cash on its balance sheet Warren Buffett and his fellow investment managers are struggling to find compelling stocks at reasonable prices in the current market environment.

The legendary investor expressed his inclination for equities even after selling large chunks of Berkshire Hathaway's investments in three major banks. "That preference won't change," Buffett wrote in his annual letter to shareholders.