Reported 24 days ago
Berkshire Hathaway Inc. has reached a record cash reserve of $325.2 billion in the third quarter of 2024, as Warren Buffett refrains from major acquisitions and reduces its stake in Apple Inc. by about 25%. With a focus on maintaining a strong cash position amid high market prices for attractive deals, Berkshire reported $34.6 billion in net share sales and faced a decline in operating earnings of 6% year-over-year, largely due to losses in its insurance sector.
Source: YAHOO