On August 2, Berkshire Hathaway (BRK.A.N, BRK.B.N) saw its cash reserves decrease by 1% to $344 billion in the three months ending in June, marking the first cash reserve reduction in three years.
Previously, due to Buffett's difficulty in finding investment opportunities, cash reserves had repeatedly set new historical highs. In the second quarter, Buffett became more cautious about the stock market, net selling approximately $3 billion in stocks and even suspending Berkshire stock buybacks for four consecutive quarters—despite the stock price dropping 12% after announcing the CEO succession in May. (Jinshi)





