Warren Buffett has $128 billion in cash to burn


Warren Buffett’s Berkshire Hathaway reported earnings on Saturday and Wall Street is caught up on one key thing: its cash pile.

In the third quarter, the holding company’s cash balance grew to a record $128.2 billion — up from $122.4 billion in the prior quarter and $23 billion a decade ago — leading analysts to wonder why the company isn’t spending.

Berkshire’s last entire company acquisition was Precision Castparts in 2015 and the company hasn’t meaningfully accelerated its buyback program, which have both contributed to the ballooning cash balance.

The company reported earnings of $3.07 a share, which topped the Street consensus of $2.84, according to estimates from Refinitiv….


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