Warren Buffett Amasses Record Cash Mountain Amid Market Volatility
Warren Buffett has made sweeping changes to Berkshire Hathaway’s portfolio in 2024, nearly doubling the conglomerate’s cash reserves and selling a net $134 billion worth of stocks. The sales resulted in Berkshire paying the most corporate income tax to the IRS of any American company in history. Buffett prioritized building the company’s liquidity over investing … Read more