Buffett Continues Investing at Berkshire, Reveals Small New Purchase

• Buffett still comes to the office daily and calls Director of Financial Assets Mark Millard before market open to discuss trades, with CEO Greg Abel receiving daily investment updates
• Berkshire purchased $17 billion in Treasury bills at this week's auction, adding to its massive $370 billion cash equivalent position held largely in T-bills
• Buffett downplayed recent market volatility, noting Berkshire has seen three periods with 50%+ declines during his tenure and current conditions don't represent major buying opportunities

Summary

Warren Buffett, 95, confirmed he remains actively involved in Berkshire Hathaway's investment decisions despite stepping down as CEO, revealing a small recent purchase during a CNBC "Squawk Box" interview on Tuesday.

Key Personnel and Structure:

• Buffett continues daily office visits and pre-market consultations with Mark Millard, Berkshire's director of financial assets
• Millard, whose office is located 20 feet from Buffett's, executes trades based on their discussions
• Current CEO Greg Abel receives daily investment updates
• Buffett assumed the CEO role to Abel in early 2026

Investment Activity:

• Buffett disclosed making "one tiny purchase" recently but provided no additional details
• Berkshire purchased $17 billion in Treasury bills at this week's auction
• The company held over $370 billion in cash equivalents at year-end, predominantly in Treasury bills

Market Commentary:

Buffett downplayed current market volatility, stating conditions don't present significant buying opportunities compared to historical precedent. He noted that since he took control, markets have declined more than 50% on three occasions, characterizing present conditions as "nothing to make you get excited."

Market Implications:

The revelation underscores Buffett's continued influence on Berkshire's investment strategy despite his age and leadership transition. The massive Treasury bill position reflects Berkshire's defensive cash deployment amid limited compelling opportunities. Investors will be watching for disclosure of the mysterious new purchase in upcoming regulatory filings.