City.AI(@thecityai ):Buffett missed the AI wave. Warren Buffett, speaking at Berkshire Hathaway Annual Meeting 2026, defended holding a $397B cash pile, saying markets are “like a church with a casino attached.”But the record is mixed. He didn’t buy aggressively during the 2020 COVID crash, largely missed the 2022 bear market, and stayed sidelined ahead of the 2024 AI rally. Three major missed entries in six years. The takeaway: the old playbook is under pressure. Even Greg Abel admits Berkshire remains “a phone call away” from big deals—but in a faster, AI-driven market, waiting may come at a higher cost.

2026.05.02 21:33

Buffett missed the AI wave. Warren Buffett, speaking at Berkshire Hathaway Annual Meeting 2026, defended holding a $397B cash pile, saying markets are “like a church with a casino attached.”But the record is mixed. He didn’t buy aggressively during the 2020 COVID crash, largely missed the 2022 bear market, and stayed sidelined ahead of the 2024 AI rally. Three major missed entries in six years. The takeaway: the old playbook is under pressure. Even Greg Abel admits Berkshire remains “a phone call away” from big deals—but in a faster, AI-driven market, waiting may come at a higher cost.