The Omaha-based conglomerate’s operating earnings totalled $10.761 billion last quarter, 40.6% higher than from the same quarter in 2022.
Berkshire held a record level of cash at the end of September 2023 of $157.2 billion.
The ‘Oracle of Omaha’ has been taking advantage of surging bond yields, buying up short-term Treasury bills yielding at least 5%.
Geico, the crown jewel of Berkshire’s insurance empire, reported another profitable quarter.
Warren Buffet probably the greatest consistent investor the world has ever seen.