Berkshire Hathaway Hits Record $397.4 Billion Cash Reserve in First Earnings Report Without Buffett

TLDR: Berkshire Hathaway cash pile hit a record $397.4 billion, surpassing the GDP of several nations. At 5% Treasury rates, Berkshire earns an estimated $20 billion annually by holding cash reserves. Greg Abel’s first report showed operating earnings up 18% and net income doubling to $10.1 billion. Berkshire’s stock fell 11.19% over the past year [...]

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