Warren Buffett-Led Berkshire Hathway's Ginormous $157B Cash Pile Is Nearing Levels Held By One Of Its Biggest Equity Bets

Grand News Network | November 6, 2023

Warren Buffett‘s Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) reported a robust 41% year-over-year surge in third-quarter operating earnings, but a widened net loss due to increased investment and derivative trading losses. Nevertheless, the company’s cash reserves have reached a new all-time high.

What Happened: In addition to substantial growth in operating profit, Berkshire’s cash holdings soared to a record $157.241 billion at the close of the September quarter, up from $147.38 billion at the end of the June quarter. The prior record was set in the third quarter of 2021 when cash holdings were at $149.2 billion.

Specifically, ...

Full story available on Benzinga.com

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