Liquidity "Berkshire" is a record after reducing the share in Apple for half
Berkshire Hathaway’s cash balance reached a record level at $ 276.9 billion in the second quarter, after billionaire Warren Buffett reduced the company’s share in Apple by 50%, and the continued postponement of acquisitions. The company’s operating profit in the second quarter rose to $ 11.6 billion, from $ 10 billion in the same period last year. Berkshire grieved a total of $ 75.5 billion on a clear basis during the second quarter. ‘Berkshire’ finds it difficult to find ways to invest in the large cash possession in the insolent transaction environment. At the company’s annual shareholders’ meeting in Maya during May, Buffett said the company is not in a hurry to spend this amount, ‘unless we believe we do something that contains very little risks and can generate a lot of money for us.’ The organizational files also indicate that ‘Berkshire’ reduced a share in ‘Bank of America’ in the second quarter, where the company announced a $ 41.1 billion share.