Economic TimesLean R·
Still holding cash at home? Warren Buffett calls it oxygen, but says it’s not good as an asset
Berkshire Hathaway's successor Greg Abel is deploying its large cash reserves. The firm recently bought back shares and invested heavily in equities. Alphabet stock saw a significant purchase, becoming a major holding. Berkshire's cash pile decreased after these strategic acquisitions. The company reported strong quarterly operating profit and net income increases.
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