Holding Berkshire Hathaway, headed by legendary investor Warren Buffett, has been betting on the sale of shares for a year, writes profinance.ru. During this time, he realized them for a record amount - $38.3 billion. This suggests that the investor does not see interesting opportunities for profitable deals, the article notes.
As the holding company's report for the third quarter showed, its accumulated volume of risk-free assets in monetary terms also broke records, amounting to $157.2 billion. In the same period last year, this figure was much lower - $93 billion. Over the past few years, the excess of free funds and the lack of suitable options for deals has become a real problem for the company, RBC quotes CNBC's commentary.
It should be noted that the size of Berkshire's operating profit in the third trimester renewed the maximum set in the second trimester and reached $10.761 billion, RBC reports. At the same time, according to the report, the holding in the period under review incurred tangible losses due to the fall in Apple shares.