From Yahoo Finance: 2025-05-03 18:16:00

Warren Buffett, CEO of Berkshire Hathaway, has amassed a record $348 billion cash pile, doubling from last year. Despite speculation, Buffett clarified he did not hoard cash for his successor, Greg Abel, to shine. He humorously dismissed the notion at Berkshire’s annual meeting. The surge was fueled by Berkshire’s sale of two-thirds of its Apple holdings. Buffett praised Apple CEO Tim Cook and expressed willingness to invest $20-100 billion in valuable assets. However, scarce bargains have hindered investments, leaving Berkshire with $50 billion in reserve. Buffett admitted he may have been too active in the market over the years.



Read more at Yahoo Finance: ‘I wouldn’t do anything nearly so noble’