Warren Buffett's CNBC Interview on March 31, 2026 (10 Key Takeaways)

1. US stocks are not cheap, haven't reached the buying price yet
Overall valuations are currently high, lacking attractiveness for large-scale position building.

2. Won't enter the market for a 5%-6% rebound
Won't buy in easily just for a short-term minor bounce.

3. Holding massive cash, waiting for the right moment
Berkshire Hathaway's cash reserves are $381.7 billion, and they just bought another $17 billion in Treasury bonds, maintaining high liquidity.

4. The real opportunity: a market "halving-level" crash
He's waiting for a 50%+ level plunge before making a major move.

5. Current fluctuations are "nothing"
He has experienced three market halvings, and the current adjustment is just minor volatility.

6. Apple made over $100 billion, but sold too early
Admits that selling Apple shares earlier was too premature and deeply regrets it.

7. Apple is still not cheap enough now
Even after a 14% drop, the price still hasn't reached his "cheap range".

8. If Apple drops significantly again, will aggressively buy back
If the price is right, will buy back Apple shares in large quantities.

9. Signs of fragility appearing in the banking system
Increasingly intertwined with shadow banking and private credit, risks are accumulating.

10. Once a credit panic erupts, a stampede for the exits will occur
When market panic hits, everyone will flee like a theater on fire.