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Berkshire holds $397.4 billion in cash and stays patient on deals
Berkshire’s cash pile was $397.4 billion at the end of the first quarter, as CEO Greg Abel reiterated that the company is evaluating opportunities but waiting for the right price.
Berkshire Hathaway is sitting on a large cash position of $397.4 billion at the end of the first quarter, keeping the company positioned to buy businesses across the U.S. market while remaining selective on timing and valuation, according to Yahoo Finance.
In comments referenced by the outlet, Warren Buffett said he would rather have Berkshire’s money working than holding it in an account or in Treasury bills, while noting that outside circumstances affect how and when ideas are acted on.
Yahoo Finance also points to a February letter from CEO Greg Abel, who said observers have sometimes interpreted Berkshire’s cash as a retreat from investing, but that the company continues to evaluate opportunities and will remain patient and disciplined for the benefit of shareholders.
The article frames Berkshire’s challenge as a broader market environment where stocks are described as historically expensive, citing the so-called Buffett indicator that compares the total value of the U.S. stock market to GDP.