Berkshire Hathaway is sitting on hundreds of billions of dollars…

And Warren Buffett just said there’s nothing to buy.

Yesterday, in his first televised interview since stepping down as CEO of Berkshire Hathaway, Buffett simply said, “We aren’t finding things” when asked about whether Berkshire is making new stock purchases.

I was shocked to hear this as I stood watching the interview live.

Because when Buffett says he’s not buying, it usually means stock prices are expensive.

I can’t believe I’m saying this… especially after possibly one of Warren Buffett’s final TV interviews…

But I disagree with the Oracle of Omaha.

In fact, I can name a few stocks in Warren Buffett’s current portfolio that I’d recommend any long-term, value investor buy right now.

Amazon (AMZN)

Berkshire owns Amazon today thanks to investment managers Todd Combs and Ted Weschler.

Buffett has admitted he was an “idiot” for passing on the stock before they pushed him to take a closer look.

After pulling back to the $200 range, I think investors that pass on Amazon now can be put into that same category.

Amazon is already one of the most dominant businesses in the world, powered by its cash cow Amazon Web Services business.

That cash flow has allowed the company to build an e-commerce and logistics network so efficient that Prime has become a household staple.

But the real story isn’t what Amazon is today.

It’s what it’s building next.

The company is making big bets on autonomous driving with Zoox and satellite internet through its low Earth orbit network called Leo.

In other words, Amazon isn’t just owning the present.

It’s quietly building the infrastructure for the next decade.

Yet the market still isn’t fully pricing that in.

Alphabet (GOOG)

This is another stock Berkshire owns – so you know it fits into the long-term value bucket.

Alphabet is one of the most dominant businesses in the world, and it starts with one simple fact:

When people want something, they Google it.

That’s an incredibly powerful position, and it’s why Search continues to print cash.

On top of that, you’ve got YouTube, which is still the largest video platform in the world and is quietly becoming a major subscription business.

But this isn’t just an ad company anymore.

Google Cloud has turned into a real profit driver.

And then you have the upside of businesses like Waymo and quantum that could become real needle movers over time.

So yes, Alphabet is a cash machine today.

But it’s also building for where the world is going next.

Mastercard (MA) and Visa (V)

Visa and Mastercard are some of the best businesses in the world, hence why Berkshire has owned them for 15 years.

Every time you swipe your card, these companies take a small cut.

They don’t lend money. They don’t take credit risk.

They just process transactions at a massive scale with incredible margins.

Growth is still strong, driven by the continued shift to digital payments and the rebound in high-margin cross-border travel.

The recent sell-off tied to interest rate caps doesn’t really make sense.

Those rules impact lenders. Not Visa or Mastercard.

There’s also a lot of noise around stablecoins “disrupting” them.

I see it differently.

They’re not being disrupted. They’re adapting.

Both companies are already integrating stablecoins into their networks, which could make payments faster, cheaper, and even more widely used.

In other words, they’re turning potential threats into upgrades.

And after the recent pullback, they look even more attractive for long-term investors.

UnitedHealth Group (UNH)

UnitedHealth Group is the "Amazon of Healthcare."

It doesn't just provide insurance.

It also runs clinics, pharmacies, and the data systems that power 40% of the U.S. healthcare market.

The stock has recently dropped due to:

• A major cyberattack on its systems

• A government decision to slightly lower the rates it pays for Medicare

• Residual anger toward insurance companies after the death of CEO Brian Thompson.

This has created a rare situation where UNH is trading at about $270 – well below the estimated $381 average price that Warren Buffett’s Berkshire Hathaway paid for its shares in 2025.

Mr. Buffett Is Playing a Different Game

When Warren Buffett says, “We aren’t finding things,” it’s worth paying attention.

But it’s also important to understand that he’s playing a very different game.

Deploying a $350 billion cash pile requires massive, rare opportunities that can actually move the needle for Berkshire Hathaway.

That’s not the situation most investors are in.

For investors like us, we can be far more flexible.

We don’t need billion-dollar deals.

We just need great businesses at reasonable prices.

And right now, those opportunities are sitting in plain sight.