Reported 24 days ago
Warren Buffett's Berkshire Hathaway now holds more than $325 billion in cash after selling significant portions of its Apple and Bank of America shares. This year, Berkshire sold around 100 million additional Apple shares, reducing their stake from $174.3 billion to $69.9 billion. Analysts question whether Buffett's cash accumulation signals a more pessimistic outlook on the economy, especially following his partner Charlie Munger's death. Despite investing gains leading to third-quarter profits of $26.25 billion, Berkshire's operating earnings showed a slight decline yet met expectations.
Source: YAHOO