The latest Berkshire earnings report!
Berkshire Hathaway released its third-quarter financial report, showing that the company's operating profit in the third quarter fell 6.2% year-on-year to $10.09 billion, lower than the market expectation of $10.9 billion. Net profit was $26.25 billion.
Warren Buffett sold another $14.3 billion worth of Apple (AAPL) stock in the third quarter of 2024.
This means that Warren Buffett's Berkshire Hathaway has sold about $100 billion worth of Apple stock in the past two quarters.
Warren Buffett currently holds a record $325.2 billion in cash, a cash balance that exceeds the market value of all but 27 public companies in the world, so what is he waiting for? 🧐
Hey, I'm almost out of bullets!! I should learn Buffett's patience! 🥲
