Berkshire Hathaway chairman Warren Buffett said the company isn’t finding much to buy in the stock market after its decline this year.
In an interview on CNBC, Buffett said, “We aren’t finding things” in the stock market after the Dow Jones Industrial Average and Nasdaq Composite fell into correction territory with drops of 10% from their highs. The S&P 500 ended Monday down 7.5% this year.
Asked by CNBC anchor Becky Quick about the market decline, Buffett said, “This is nothing,” adding that the market had been down 50% three times during his tenure at Berkshire, dating back to 1965.
Buffett added that Berkshire would deploy capital if there is a big decline in the market.
Buffett, 95, said he can make equity investments at Berkshire but runs anything by CEO Greg Abel, who oversees the $300 billion equity portfolio as part of his responsibilities.
Buffett was succeeded by Abel as CEO at the end of 2025.
