Berkshire Hathaway's Cash Fell From $397 Billion to $366 Billion in a Single Quarter
After several quarters watching from the sidelines, CEO Greg Abel is getting Berkshire Hathaway back in the game -- slowly.
Overview
After nearly four years of steadily amassing a cash balance of $397 billion, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) is finally putting a measurable amount of that money back to work.
Oh, most of it still remains on the sidelines, undeployed. Specifically, as of the end of the conglomerate's second fiscal quarter, which ended in June, it still had nearly $366 billion in liquidity. That's a reduction of $31 billion in just three months' time, or less than one-tenth of its cash pile.
Details
Still, it's a start.
Source
Originally published at www.fool.com.
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