Warren Buffett Boosts Cash Reserves While Selling Shares – BitRss

Warren Buffett, a prominent figure in the investment world, draws attention with the staggering $334 billion cash amount held by Berkshire Hathaway. Newly released reports reveal an increase in cash position from $325 billion at the end of Q3. This surge is interpreted as an indication that Buffett continues to sell assets.

Among the fourth-quarter data, the sale of 117 million shares of Bank of America valued at approximately $5.5 billion was noted. This transaction is seen as a sign of significant changes in the company’s portfolio strategies. The figures are examined within the context of strategic moves supporting the increase in current cash reserves.

Since discussions of recession last year, Buffett’s company has been steadily strengthening its cash reserves.

In his annual letter to shareholders, Buffett stated that despite asset sales, the increase in the company’s cash amount is not concerning. He emphasized that the company prefers investing in well-managed businesses under its control, rather than prioritizing cash-like assets. This strategy reveals that a significant portion of the portfolio still resides in stocks.

Warren Buffett: “Berkshire will prefer holding quality businesses …