Financial giant: Attendees pass a photograph of Buffett, chairman and CEO of Berkshire Hathaway, during a shareholders shopping day in Nebraska. Of late, the legendary investor has done little to chip away at his company’s US$146bil cash stockpile. ─ Bloomberg
IT was already pretty safe to say that Warren Buffett wasn’t going to get in on the overzealous GameStop Corp. buying action of late. But a regulatory filing has signaled that the famed investor is still hesitant about stocks generally, with his Berkshire Hathaway Inc back to hoarding cash while riding out a market that’s been disjointed by a global pandemic, steep valuations and lately, bitter Reddit users.
Berkshire’s investment activity during the final three months of 2020 was all over the place, reflecting the chaotic and uncertain moment the world finds itself in – and that was before the GameStop phenomenon and meme-stock antics took hold of markets in recent weeks.
