Warren Buffett 2019 Annual Letter to Shareholders

"In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects."

Warren Buffett on his massive US$112 Billion in cash/cash equivalent (Feb 2019)

To me, that is one of the more important message from Buffett's letter to shareholders. Pretty much clear indication of where the stock market is heading in the short/medium term. I am just wondering whether he will put more of his cash into Kraft Heinz. On Friday the price of Kraft Heinz shares dropped a significant 27%.