Berkshire’s Q2 Cash Reserves Fall for the First Time in Three Years as Stock Market Investments Become More Cautious
BlockBeats News, August 2 — Berkshire Hathaway (BRK.A.N, BRK.B.N) saw its cash reserves fall by 1% to $344 billion in the three months ending June, marking the first decline in cash reserves in three years.
Previously, due to Buffett’s difficulty in finding investment opportunities, cash reserves repeatedly hit record highs. In the second quarter, Buffett became more cautious about the stock market, with net stock sales of approximately $3 billion, and even suspended Berkshire’s stock buybacks for four consecutive quarters—even though the share price has dropped 12% since announcing the CEO succession in May. (Jin10)
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