Berkshire Hathaway Inc. Warren Buffett stated on Saturday that the company is not currently seeing an ideal investing environment.
"It isn't our ideal surrounding area - or environment, I should say - in terms of deploying cash for Berkshire," Buffett said in an interview with CNBC. He added that part of the hesitation to invest capital could be attributed to high market prices.
Furthermore, he emphasized that a good time to invest will be when "nobody else will answer their phones," hinting at a decline in market prices.
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