‼️CHART OF THE WEEK: Warren Buffett's Berkshire Hathaway cash pile hit a new record
The company's cash rose to $325.2 billion in Q3 2024.
Warren Buffett's Berkshire Hathaway cash pile spiked to $325.2 billion in Q3 2024, a new all-time high. Over the last 2 years, the company’s cash levels have more than tripled.
As a result, the cash share of total assets hit 28% and even exceeded 2005 levels seen before the Great Financial Crisis. The cash pile also covers a record $288 billion in Treasury bills.
At the same time, Buffett reduced Apple's stake by another 25% or $14.2 billion, down to $69.9 billion. Overall, the company reported net share sales of $34.6 billion.
Interestingly, the conglomerate did not repurchase any of its stock in Q3. The firm said it would buy back stock again when Chairman Warren Buffett “believes that the repurchase price is below Berkshire’s intrinsic value."
These developments can be commented on in only one way:
“Be fearful when others are greedy and greedy when others are fearful.” - Warren Buffett
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