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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.”

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