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Berkshire Hathaway reported a record cash level of $380.2 billion at the end of March.
Greg Abel addressed Berkshire Hathaway's annual meeting as CEO exactly four months after succeeding Buffett.
KEY POINTS
- Berkshire reported a record $380.2 billion in cash at the end of March 2024.
- Berkshire's profit from owned businesses rose 18% year-over-year to $11.35 billion.
- Buffett publicly praised outgoing Apple CEO Tim Cook for transforming Berkshire’s Apple stake to $185 billion pre-tax.
- Buffett warned about AI deepfakes and nuclear risks as unpredictable threats to global markets.
COMPANIES
Summarized by Newsio from The Financial Express. How we summarize →