"Berkshire Hathaway was a net seller of stocks for the 11th straight quarter, offloading $6.92 billion while buying $3.9 billion. The cash pile reached $344 billion."
"Warren Buffett has bemoaned the lack of good deals and has refrained from stock repurchases for the fourth consecutive quarter, amid market turmoil."
"The S&P 500 flirted with bear market territory but rebounded back to record highs, reflecting volatility following Trump's aggressive tariff announcements."
"Buffett appeared to anticipate a market downturn by selling $134 billion in equities in 2024, showcasing his uncanny timing amid stock market fluctuations."
Berkshire Hathaway's second-quarter results indicate a continued net selling of stocks, marking the 11th consecutive quarter. The company sold $6.92 billion worth of stocks and purchased $3.9 billion. Cash reserves increased to a record high of $344 billion. Buffett criticized the lack of appealing investment opportunities, avoiding stock repurchases for four quarters. Market volatility was highlighted by Trump's tariffs, resulting in significant S&P 500 declines and recoveries. Additionally, Buffett's prior sale of $134 billion in equities suggested foresight regarding market trends.
Read at Fortune
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