Warren Buffett sells stocks for tenth quarter in a row

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

Warren Buffett continued to sell shares in the first three months of this year and informed investors in his Holding Holding Company, Hathaway, he had not seen great opportunities to spend its growing cash pile.

The numbers that show that he emptied the shares for the tenth quarter in a row on Saturday in a quarterly profit report, provided the background for the historic sixtieth meeting of Burkashire in Omaha, Nebraska.

The attendees inquired at this event when Pavite finally launches some company’s financial fire force. Puffett has sold $ 4.7 billion in stocks in the three months until March 31, more than $ 3.2 billion that he bought.

This helped to amplify Berkshire’s monetary reserves, which rose to another record of $ 348 billion, as the money was poured from the sprawling business empire that extends to insurance, manufacturing, facilities and one of the largest railways in North America, as well as the benefits paid on the US cabinet portfolio.

When asked about huge cash reserves, Pavit said: “Things become very attractive at times.” He said that at some point, the company will be bombed with offers that we will be happy because we have the money for. “

The event was attended by tens of thousands of Berkshire shareholders, with high -level characters including Hillary Clinton and Apple president Tim Cook at the crowd. Some of those present said that they had made a trip to Omaha if it was the last time he headed the meeting, and it is often called “Woodstock for the capitalists.”

The Buffett event provided the first opportunity to form markets and economics since US President Donald Trump launched a trade war last month by unveiling plans to manufacture a new tariff on imports from most other countries.

Buffett tries to avoid commenting on politics, but during a session of questions and answers in the marathon race, the 94 -year -old criticized the sharp tariffs without mentioning Trump. He said: “There is no doubt that trade can be a war of war.”

“Trade should not be a weapon,” he said. “We must look to trade with the rest of the world. We must do what we do better and they should do what they do better.”

He later ignored a question about the American exception, on the pretext that the country has undergone disastrous changes since its inception.

Berkshire has built significant investments abroad in recent years. Buffett recently increased its share in the five largest commercial houses in Japan, which said on Saturday that it intends to maintain the next “fifty years”.

The 60th annual meeting was held against one of the most uncertain economic backgrounds in modern memory, which Berkshire itself was not immune in the first few months of the year.

The changes in the net profit in Berkshire reflect the fluctuations largely in the value of the stock portfolio of $ 264 billion and other investments. In the first quarter, BottleMENT profits amounted to $ 4.6 billion, a decrease from $ 12.7 billion in the first quarter of last year.

Puffette directs shareholders to pay more attention to operating profits, which were 9.6 billion dollars, a decrease of $ 11.2 billion. The decrease significantly reflects insurance profits, less insurance, including $ 1.1 billion of California fires. Forest fires erupted for several days throughout Los Angeles, destroying thousands of homes in some neighborhoods of the country.

The shares of Berkshire Hathaway was in 2025, and it rose by 20 percent to close on Friday at a record price of 809,808.50 dollars for “A Class” share. Berksheer again authorized the shares in the first quarter.

Questions about whether the event will be the last meeting of Bavate waving on the horizon. Unseen referred to his age and deaths on multiple occasions, and often relieve the mood of jokes that laugh at the crowd.

“This may be the last shout,” said Lawrence Caningham, director of Winberg Center for Corporate Governance at Dilayer University, and author of “Five Books on Buffett”. “It can live up to 104 or 110, but the actuarial tables indicate that there is no increasing possibility of not being here next year.”

Additional reports by Eric Platt