Berkshire Holds $397.4 Billion Cash as Buffett, Abel Wait for Cheaper Stocks
Updated
Updated · Yahoo Finance · Aug 1
Berkshire Holds $397.4 Billion Cash as Buffett, Abel Wait for Cheaper Stocks
3 articles · Updated · Yahoo Finance · Aug 1
Summary
$397.4 billion sat on Berkshire Hathaway's balance sheet at the end of the first quarter, leaving the company waiting rather than chasing deals at current prices.
Historically expensive stocks are the main reason: Buffett has said Berkshire would rather put the money to work, but only when external conditions produce attractive valuations.
Greg Abel echoed that stance in a February shareholder letter, saying the cash hoard does not signal a retreat from investing and that Berkshire remains patient and disciplined.
The scale of that war chest is unusual even for Berkshire — only about two dozen S&P 500 companies are worth more than its cash pile — underscoring how selective the company has become.