Buffett’s Cash Pile Tops Record With $149.2 Billion On Hand
- Berkshire bought $7.6 billion of own stock in third quarter
- BNSF railroad scored record profit despite supply chain issues
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Warren Buffett’s Berkshire Hathaway Inc. now has a record amount of money to put to work.
Berkshire’s cash pile hit new heights at $149.2 billion of funds in the third quarter, surpassing a record set in early 2020, the company said in its earnings report Saturday. The fresh high came even as Buffett poured more money into buying back its own stock with $7.6 billion of repurchases in the period -- the third-highest tally since the board changed its policy on buybacks in 2018.