Warren Buffett sees no chance of ‘eye-popping’ results with record cash
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Berkshire Hathaway Inc's cash hoard reached a record $167.6 billion in Q4 2023 as the conglomerate struggled to find attractive deals. Warren Buffett, the billionaire investor, stated that there are very few companies capable of significantly impacting Berkshire's performance and that there are no meaningful options for capital deployment outside the US. Despite ramping up acquisition efforts, Buffett has been unable to find many big-ticket deals, resulting in a surplus of cash. Berkshire reported Q4 operating earnings of $8.48 billion, up from $6.63 billion in the same period the previous year. The company's earnings are seen as a proxy for US economic health. Berkshire's cash pile is the largest among American businesses, with a total GAAP net worth of $561 billion.

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https://m.economictimes.com/markets/stocks/news/warren-buffett-sees-no-chance-of-eye-popping-results-with-record-cash/articleshow/107972447.cms