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Warren Buffett at Berkshire’s 2026 AGM talking about waiting to deploy its $397B cash pile: “I’ve compared the markets to the church with a casino attached. People can move between the church and the casino. The casino has gotten very attractive to people. If you’re buying one-day options, it’s not investing or speculating. It’s gambling. We’ve never had more people in a gambling mood…Prices for a lot of things look very silly.” Says Greg Abel and Berkshire are still always “a phone call away” from making a massive investment. “We’re big enough to handle anything. We make decisions faster than anybody. And our word if good.”

President Xi Jinping took a phone call from Saudi Arabia’s Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud @KSAmofaEN. This year marks the 10th anniversary of the establishment of the China-Saudi Arabia comprehensive strategic partnership. Taking it as an opportunity, China stands ready to work with Saudi Arabia to continuously increase the scope and depth of our bilateral relations, and set a fine example for the relations between China and Arab states. On the current situation in the Middle East and the Gulf region, China calls for an immediate and comprehensive ceasefire, supports all efforts conducive to restoring peace, and stands for resolving disputes through political and diplomatic means. The Strait of Hormuz should maintain normal passage, as this serves the common interests of regional countries and the international community. China supports regional countries in building a common home of good-neighborliness, development, security, and cooperation, holding their future in their own hands, and promoting lasting peace and security in the region.

FM Wang Yi had a phone call with U.S. Secretary of State Marco Rubio @SecRubio. President Xi Jinping and President Donald Trump are both global leaders. Their long-term interactions and mutual respect have become the most valuable strategic asset in China-U.S. relations. As long as both sides faithfully implement the important common understandings reached by the two Presidents, uphold the principles of equality, respect, and mutual benefit, stay committed to resolving disputes through dialogue, and avoid resorting to pressure, China-U.S. relations can stabilize and move forward. It is hoped that the two sides will work together to pave the way for high-level interactions, and create conditions for the development of bilateral relations.

President Xi Jinping took a phone call from Brazilian President Luiz Inácio Lula da Silva @LulaOficial. China-Brazil relations are at their best in history, with a good start and strong momentum in building the China-Brazil community with a shared future and aligning development strategies. China stands ready to work with Brazil to set an example of uniting for strength among major Global South countries and to build a more just world and sustainable planet. China supports Brazil in upholding its sovereignty and safeguarding its legitimate interests. Countries should unite and take a clear stand against unilateralism and protectionism.

President Xi Jinping took a phone call from Russian President Vladimir Putin. President Xi elaborated on China’s principled stance on the Ukraine crisis and stressed that complex issues have no simple solutions. No matter how the situation evolves, China will maintain its consistent position and continue promoting talks for peace. China welcomes contacts between Russia and the US to improve bilateral ties and advance the process of realizing a political settlement of the crisis. China and Russia will work closely in preparation for the upcoming Shanghai Cooperation Organization Summit in Tianjin to ensure a successful gathering of friendship, solidarity and fruitful results and drive the SCO’s high-quality development.