From CNBC: 2024-08-02 10:52:37

Warren Buffett meets Berkshire Hathaway shareholders ahead of annual meeting. Company’s cash pile could exceed $200 billion, surpassing Hungary’s GDP. Buffett sells Apple, Bank of America, and BYD, trimming risky investments. Berkshire, a net seller for six quarters, recently sold $3.8 billion in Bank of America shares. Buffett cautious due to high prices; open to investing but finds options unattractive.

Berkshire’s cash pile earns considerable returns. Recent selling of Bank of America shares a surprise. Buffett open to investing but hesitant due to high prices. Non-insurance businesses, BNSF Railway and Berkshire Hathaway Energy, face challenges. Berkshire’s insurance business thriving with a 185% increase in earnings. Berkshire’s market cap approaches $1 trillion.

Investors await Berkshire’s second-quarter earnings report. Company faces challenges in non-insurance sectors. Insurance business sees significant growth. Berkshire’s market cap nears$1 trillion. Shareholders anticipate Buffett’s investment strategy amid high prices. Market closely watches Berkshire’s stock sales and cash reserves.

Read more: Berkshire’s cash pile could top $200 billion as Buffett sells stock