– Berkshire Hathaway sold a net $75.5 billion worth of stock in the second quarter and nearly halved its Apple stake, boosting its cash pile to a record high of $276.9 billion.
– The sale was a rebalancing of the portfolio and a way to reduce concentration risk in certain stocks like Apple.
– Warren Buffett is known for being disciplined in his investments and may be looking for good bargains in the current market downturn.
– Berkshire could use its cash to buy a company outright, continue buying back its stock, or potentially consider paying a dividend.
– For now, Berkshire’s cash is accruing interest income while it’s parked in safe investments and the company is in no hurry to make investment decisions.