Warren Buffett’s capital-deployment machine pulled back on several fronts at the start of the year as he took a more cautious stance on stocks.
BILLIONAIRE Warren Buffett’s capital-deployment machine pulled back on several fronts at the start of the year as he took a more cautious stance on stocks.
Berkshire Hathaway Inc.’s net stock sales in the first quarter were the second-highest in almost five years and the conglomerate, where the billionaire is chief executive officer, slowed its buyback pace, according to a regulatory filing Saturday. That helped push Berkshire’s cash pile up 5.2% from three months earlier to a near-record $145.4 billion at the end of March.
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