Warren Buffett Defends His Growing Cash Pile - WSJ
1. Buffett reaffirms preference for operating businesses over cash equivalents. His focus remains on equity investments. 2. Berkshire’s operating earnings climbed to $47.4B despite a lower net profit. This underscores improved core performance. 3. The conglomerate posted a record $321.4B in cash and Treasury bills. This marks a 3.6% increase over three months. 4. Both Class A and B shares rose about 5.6% compared to the S&P 500’s 2.2% gain. This rally reflects market confidence.