Buffett: This week we purchased $17 billion of U.S. Treasury bonds. If the market tanks, we will be ready to deploy our cash.

BlockBeats News, March 31st, Buffett stated that Berkshire Hathaway bought $17 billion worth of US Treasury Bonds this week.

He also mentioned that if the market experiences a significant downturn, Berkshire Hathaway will deploy cash. He is still involved in Berkshire Hathaway’s investment decisions but will not make any investments that CEO Greg Abel considers a mistake. Buffett estimates that Berkshire Hathaway has made over $100 billion in profit from its investment in Apple Inc.