Berkshire Hathaway's Cash Pile
Warren Buffett's business now has $122 billion in cash—a fresh record, driven by a rising U.S. stock market. That also meant that investors were waiting for Buffett to make a big acquisition—the $10 billion stake to help oil company Occidental take over Anadarko appears to have barely made a dent. But there were signs of slowing growth in Berkshire's portfolio, too, after a mixed earnings season, including from industrial goods manufacturers and rail operators. FT
Warren Buffett's business now has $122 billion in cash—a fresh record, driven by a rising U.S. stock market. That also meant that investors were waiting for Buffett to make a big acquisition—the $10 billion stake to help oil company Occidental take over Anadarko appears to have barely made a dent. But there were signs of slowing growth in Berkshire's portfolio, too, after a mixed earnings season, including from industrial goods manufacturers and rail operators. FT
