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Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly publication.
Berkshire Hathaway’s money pile swelled to a document $189bn within the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump shares.
The determine underscores the problem the billionaire investor and his group have had in looking for worthwhile investments.
The corporate on Saturday disclosed it had offered slightly below $20bn-worth of shares within the first three months of the 12 months, shopping for $2.7bn over the identical interval.
The worth of its inventory portfolio in consequence slipped to $336bn from $354bn at 12 months finish.
The figures come as Berkshire shareholders are as a consequence of meet at their annual gathering in Omaha, Nebraska.
This can be a growing story . . .
