11.10.2024 11:15:00
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Berkshire Hathaway's Ballooning Cash Pile: What Can Warren Buffett Buy With $277 Billion?
There's no doubt about it, $995 billion market cap Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) is a huge company. Iconic CEO Warren Buffett, often called the Oracle of Omaha, has been clear about the future prospects of the conglomerate he oversees. But the massive cash pile he is growing as he takes profits in select stock investments suggests that something big could be on the horizon.Berkshire Hathaway is a holding company that usually gets lumped into the finance sector. That's not a great fit, however, because the businesses it owns range from insurance to utilities to pipelines to trains to retail to manufacturing to chemicals, just to name a few. In many ways, it is probably best to think of the company as something akin to a mutual fund.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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