Berkshire Hathaway’s massive stock sale last quarter came at a potentially opportune time as Warren Buffett’s conglomerate now has an even bigger hoard of cash on its hands while the market is tumbling.
In the second quarter, the company sold a net $75.5 billion worth of stock and nearly halved its Apple stake in the process. That helped boost its cash pile to a fresh record high of $276.9 billion from $189 billion in the prior quarter.
