Consequently, Buffett has earned a reputation as one of the greatest investors in American history. Yet, he has struggled to find buying opportunities in recent years. Berkshire reported a record $348 billion in cash and U.S. Treasury bills on its balance sheet in the first quarter.

Warren Buffett has sold over $174 billion in stocks across 10 straight quarters, signaling his concern that the market is overpriced and favoring cash for future deals.

Warren Buffett has been a net seller of stocks in recent quarters and has built up a record stockpile of cash. The famous investor shared his thoughts on the market this past weekend at Berkshire Hathaway’s annual shareholder meeting.