Reported about 16 hours ago
Warren Buffett's Berkshire Hathaway reported record cash reserves of over $381.7 billion alongside increased profits for the third quarter, largely driven by insurance earnings. The company has not engaged in share buybacks, suggesting Buffett may be waiting for more favorable investment opportunities. Investors are closely monitoring the company's performance and leadership transition as Buffett prepares to retire, amid concerns about the potential loss of the 'Buffett premium' in stock valuations.
Source: YAHOO