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Warren Buffett said in an interview with CNBC, "Currently, it is not the ideal market environment for deploying funds at Berkshire." Buffett said Berkshire has an excellent management team that can take action at the right time and patiently wait for suitable targets. He said that although it may seem like Berkshire is sometimes inactive, they are actually actively making moves at the right time. He admitted that one of the reasons for being hesitant to invest heavily is that overall market valuations are high. When asked when the right investment opportunity would be, Buffett said that the opportunity will naturally come when "no one is willing to pick up the phone."