Energy

Warren Buffett’s big Berkshire cash puzzle gets more complicated

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Berkshire Hathaway’s cash and short-term investments on the balance sheet have grown from roughly $24 billion ten years ago to near-$123 billion as Warren Buffett’s conglomerate gets set to release its latest earnings on Saturday morning.

Bloomberg | Bloomberg | Getty Images

Earlier this week California Governor Gavin Newsom pulled the utility sector equivalent of Financial Crisis bailout pleas: with wildfire-bankrupted PG&E facing widespread outrage for its power shutdowns in the face of another fire season in California, Newsom practically begged Warren Buffett to buy the utility.

Buffett made some shrewd moves during the worst of the financial crash and its aftermath to shore up…



Source cnbc.com

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