Berkshire Loads Up on Cash; Buffett Eyes Opportunities Amid Stock Market Turbulence
• Warren Buffett's Berkshire Hathaway increased its cash reserves to a record $157.2 billion last quarter, suggesting Buffett is preparing for potential market opportunities.
• Apple remains Berkshire Hathaway's top holding, constituting 50% of its portfolio.
• Berkshire Hathaway sold $5 billion in securities last quarter and exited positions in GM, Procter & Gamble, Johnson & Johnson, HP, and Amazon.
• Berkshire Hathaway surprisingly increased earnings per share and revenue last quarter.
• Apple's stock price is heading towards historic highs, but the fair value index suggests a potential 14% correction, presenting a buying opportunity.