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Berkshire cash hoard scores another record as earnings gain

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The firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.

Berkshire Hathaway’s annual meeting was the first without Charlie Munger, the company’s vice chairman and Buffett’s long-time investing partner, who died at 99 in late November. The meeting opened with a video tribute highlighting some of Munger’s best known quotes, including classic lines like “If people weren’t so often wrong, we wouldn’t be so rich”.

“Like his hero Ben Franklin, Charlie wanted to understand everything,” Buffett said. For decades, Munger and Buffett functioned as a classic comedy duo, with Buffett offering lengthy setups to Munger’s witty one-liners. He once referred to unproven internet companies as “turds.

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Berkshire cash hoard scores another record as earnings gainThe firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.
Fonte: FinancialReview - 🏆 2. / 90 Leggi di più »

Berkshire cash hoard scores another record as earnings gainThe firm’s cash pile increased to $US189 billion ($290 billion) at the end of the first quarter, topping the record it set at the year’s end.
Fonte: FinancialReview - 🏆 2. / 90 Leggi di più »