Berkshire Hathaway has nearly $190 billion in cash, waiting for better investment opportunities

From Nasdaq: 2024-05-08 06:03:00

Berkshire Hathaway released its first-quarter earnings, revealing a cash stockpile of nearly $189 billion, the highest ever. Despite CEO Warren Buffett’s desire to invest, no attractive opportunities have emerged. The conglomerate made significant investment sales, including 13% of Apple stock, adding cash but also a substantial tax bill. Berkshire is earning billions from its cash through short-term U.S. Treasury bills. Buffett waits for better investment opportunities due to high valuations and lack of attractive options in the market. Consider alternative investments, as Berkshire Hathaway was not among the Motley Fool Stock Advisor’s “10 best stocks to buy now,” which have historically produced significant returns.



Read more at Nasdaq: Here Are 3 Big Reasons Berkshire Hathaway Is Sitting on Almost $190 Billion in Cash