Warren Buffett on utility industry valuation
From Warren Buffett shares his insights on the public utility space · · CNBC Television
“Berkshire Hathaway Energy is worth considerably less money than it was two years ago based on societal factors. And that happens in some of our businesses. It certainly happened to our textile business and it's it's happened. It's the public utility business is not as good a business as it was a couple years ago.”
On , Warren Buffett, Chairman, Chief Executive Officer & President at Berkshire Hathaway, spoke about utility industry valuation during Warren Buffett shares his insights on the public utility space on CNBC Television.
About Warren Buffett
Warren Buffett, chairman of Berkshire Hathaway, said at the company’s 2026 annual shareholder meeting that the transition of CEO duties to Greg Abel is “all working” and that Abel is “doing everything I did and then some.” Buffett described the current environment for deploying Berkshire’s cash as “not ideal,” noting that the company has roughly $380 billion in cash on hand. He characterized much of today’s market activity as “gambling,” comparing the markets to “a church with a casino attached” and stating that “the casino’s gotten very attractive to people.” He said that buying one-day options is “not investing” and “not speculating,” but “gambling.” Buffett also reflected on Berkshire’s $35 billion investment in Apple, which he said has grown to about $185 billion pre-tax over ten years. He praised Tim Cook’s leadership, saying Cook “succeeded a legend” in Steve Jobs and calling Cook’s record “one of the miracles of American business management.” In a separate interview, Buffett said his message to shareholders and partners is to follow the golden rule: “Do unto others as you’d have them do unto you.” He added that he has not learned new industries in recent years and that he understands fewer businesses as a percentage of the whole than he did a decade ago.