Wednesday 24 January
Powered by Ajaxy
Nov 5, 2016 @ 17:41

Buffett’s Cash Soars to Record as Operating Profit Edges Higher

 

Warren Buffett is sitting on more cash than ever.

His Berkshire Hathaway Inc. had almost $85 billion on its books as of Sept. 30, according to a regulatory filing late Friday. That’s up from the previous record of $72.7 billion on June 30.

“He’s got a lot of ammo” for investments, said Bill Smead, who oversees about $2.1 billion including Berkshire shares at Smead Capital Management. “Eighty-five billion dollars is a lot of money.”

Tags: , ,

Related Stories
Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it's not the
Berkshire Hathaway announced a first move towards naming a successor to long-time chief executive Warren
Saudi Arabia has freed influential Prince Miteb bin Abdullah, following a "settlement" with authorities reportedly
Saudi Arabia has sought to allay fears among investors after an anti-corruption purge that swept


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - bilyonaryo.com.ph.