Berkshire Hathaway's Q2 cash reserves fell for the first time in three years, signaling a more cautious approach to stock market investing.

This article is machine translated
Show original

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)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments