Reported 2 months ago
Warren Buffett's Berkshire Hathaway has increased its cash reserves to nearly $277 billion, marking a significant retreat from stocks, including a major reduction of its Apple holdings by about half. This shift comes amid a record quarterly operating profit of $11.6 billion, yet concerns grow over the overall economic climate and stock market valuations. Analysts suggest Buffett's actions indicate a more defensive stance towards potential market instability.
Source: YAHOO