Warren Buffett’s Berkshire Hathaway is sitting on a record-breaking $334 billion in cash. This massive cash pile is up from $325 billion at the end of the third quarter.
A Big Bank Sell-Off
A significant contributor to this increase was the sale of 117 million Bank of America shares, worth approximately $5.5 billion.
Buffett’s Reassurance to Investors
Despite the substantial cash reserves and ongoing asset sales, Buffett reassured shareholders in his annual letter. He emphasized that Berkshire Hathaway will always prioritize investing in strong businesses over holding onto large amounts of cash. While the value of their marketable equities decreased, Buffett highlighted that the value of their non-publicly traded holdings remains significantly larger. He confirmed that Berkshire’s preference for investing in businesses hasn’t changed.
