What will Warren Buffett do next? Billionaire sitting on mountain of cash but no big deal in sight
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Warren Buffett's company, Berkshire Hathaway, posted a record quarterly profit boosted by strength in its insurance operations. The company also reported first-quarter operating earnings of $11.2 billion. Despite ramping up acquisitions in recent years, Berkshire has struggled to find sizable deals, leaving Buffett with a cash stake of $189 billion. In the absence of deals, Berkshire has resorted to buying back its own shares, spending about $2.6 billion in the first quarter. Buffett has expressed a lack of meaningful deals and a desire for "eye-popping performance." Berkshire's earnings rose despite Buffett's warning that profits at most of its operations would fall in 2023 as the US economy's "incredible period" draws to an end.
#WarrenBuffett #BerkshireHathaway #Investments #CashPile #RecordProfit
https://www.businesstoday.in/markets/stocks/story/what-will-warren-buffett-do-next-billionaire-sitting-on-mountain-of-cash-pile-but-no-deal-in-sight-428306-2024-05-04
Business Today /
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2024-05-04 14:59:11
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2024-05-04 14:59:11Event JSON
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"content": "What will Warren Buffett do next? Billionaire sitting on mountain of cash but no big deal in sight\n==========\n\nWarren Buffett's company, Berkshire Hathaway, posted a record quarterly profit boosted by strength in its insurance operations. The company also reported first-quarter operating earnings of $11.2 billion. Despite ramping up acquisitions in recent years, Berkshire has struggled to find sizable deals, leaving Buffett with a cash stake of $189 billion. In the absence of deals, Berkshire has resorted to buying back its own shares, spending about $2.6 billion in the first quarter. Buffett has expressed a lack of meaningful deals and a desire for \"eye-popping performance.\" Berkshire's earnings rose despite Buffett's warning that profits at most of its operations would fall in 2023 as the US economy's \"incredible period\" draws to an end.\n\n#WarrenBuffett #BerkshireHathaway #Investments #CashPile #RecordProfit\n\nhttps://www.businesstoday.in/markets/stocks/story/what-will-warren-buffett-do-next-billionaire-sitting-on-mountain-of-cash-pile-but-no-deal-in-sight-428306-2024-05-04",
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