Berkshire Hathaway's Q2 cash reserves fell for the first time in three years, signaling a more cautious approach to stock market investments.
Mars Finance reported on August 2nd that Berkshire Hathaway (BRK.A.N, BRK.B.N)'s cash reserves fell 1% to $344 billion in the three months ending in June, marking the first decline in three years. Previously, Buffett's cash reserves had repeatedly hit record highs as he struggled to find investment opportunities. In the second quarter, Buffett became more cautious about the stock market, selling approximately $3 billion in net stock and even suspending Berkshire's stock buybacks for four consecutive quarters—despite a 12% drop in the stock price since the CEO handover announcement in May. (Jinshi)
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