The Omaha-based conglomerate's cash hoard is likely to exceed its previous record of $189 billion when it reports quarterly earnings Saturday.
Berkshire Hathaway's cash hoard is likely to exceed its previous record of $189 billion when it reports second-quarter earnings Saturday morning.
Berkshire has been a net seller of stocks for six straight quarters. Notably, Buffett trimmed his massive Apple bet by 13% in the first quarterafter reaping enormous gains. The selling could have resumed in the second quarter as shares of the iPhone maker jumped 23% in the period. "It's just a question of how long they are going to sit on it," Andrew Kligerman, TD Cowen's Berkshire analyst, said in an interview, referring to Berkshire's enormous cash pile.Buffett, who turns 94 at the end of the month, confessed at Berkshire's annual meeting in May that he's open to putting more capital to work, but high prices give him pause.
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