Warren Buffett discusses Apple, Cash, Insurance, Artificial Intelligence (AI), and more at Berkshire Hathaway's annual meetingWarren Buffett's insights from Berkshire Hathaway's annual meetingThousands of investors gathered in Omaha last week for Berkshire Hathaway's annual meeting, where Warren Buffett shared insights on Apple, cash, insurance, AI, and more. This year's event felt different, marked by a sense of caution and the absence of longtime vice chairman Charlie Munger.Apple stake reduction: Buffett addressed the decision to trim Berkshire's Apple position by 13% in Q1. Despite this, Apple remains Berkshire's largest investment. Reasons cited include market conditions, valuation concerns, and potential tax implications with federal capital gains rates.Cash hoarding strategy: Berkshire's cash and treasury position grew to $182.3 billion by Q1-end, with plans to exceed $200 billion by Q2-end. Buffett highlighted that even with higher interest rates, Berkshire remains in cash due to a lack of attractive investment opportunities.Insurance business outlook: Berkshire's insurance business performed exceptionally in Q1, although Buffett cautioned against annualizing the gains due to the unpredictable nature of claims. Discussions centered around rising insurance rates, climate change impacts, and the role of autonomous driving in reducing accidents.Artificial intelligence (AI)concerns: Buffett likened AI to a Pandora's Box, acknowledging its potential for good and harm. He shared concerns about AI-generated content and its potential misuse.Buffett's optimism: Despite caution, Buffett remains optimistic about the American economy and long-term wealth compounding through the stock market.Key takeaway: Buffett's approach emphasizes aligning investments with long-term goals and staying true to principles despite market fluctuations.In a world of rapid change, Buffett's insights highlight the importance of disciplined investing and a strategic approach to financial goals. What's your key takeaway from Buffett's wisdom?