Berkshire Hathaway, led by Warren Buffett, increased its cash reserves to an unprecedented $325.2 billion in the third quarter as the investment firm scaled back its stock holdings, notably reducing shares in Apple and Bank of America. The Omaha-based conglomerate’s recent quarterly report revealed a 6% drop in operating profit, driven by heightened insurance underwriting…
Charlie Munger, the esteemed collaborator of Warren Buffett in shaping Berkshire Hathaway into a global investment giant, has died at the age of 99. The announcement came from Berkshire Hathaway, stating that Munger passed away on Tuesday morning at a California hospital, just over a month before his anticipated 100th birthday. Warren Buffett, in a…
Business magnate Warren Buffett is widely regarded as one of the greatest investors of the modern-day world. His seemingly unmatched and consistent value-investing strategies have earned him the title of Oracle of Omaha. Many of his investing strategies are known, but there is one that is often overlooked yet incredibly important. It’s a lot more…
