Reported 2 days ago
Warren Buffett's Berkshire Hathaway is on a buying spree, significantly increasing its stake in Occidental Petroleum despite holding a record $325 billion in cash, while many investors face a 15-year low in cash holdings. Analysts suggest that Buffett's cash reserve comes from a major sale of Apple shares last year, signaling he is cautiously waiting for better investment opportunities in a momentum-driven market. Alongside Occidental, Buffett has also invested in Constellation Brands and increased stakes in Domino's Pizza and other companies.
Source: YAHOO