Reported 14 days ago
Warren Buffett's Berkshire Hathaway has amassed a record $325 billion in cash reserves after significantly reducing its stakes in major holdings like Apple and Bank of America. As the market reaches new highs and geopolitical risks loom, Buffett appears to be positioning the company for future opportunities while expressing caution about current market conditions. The lack of share repurchases this quarter signals a potential shift in strategy, as Buffett weighs the implications of rising capital gains taxes and seeks the best use for the company's substantial cash reserves.
Source: YAHOO