In 2023, Warren Buffett significantly increased Berkshire Hathaway's cash reserves to $334 billion by selling stocks and stopping buybacks. This cautious approach reflects his concerns over high market valuations, leading to a net sale of $134 billion in stocks. Despite only investing $9 billion in new stocks, Buffett's firm paid the highest corporate tax in American history due to these sales. His strategy marks a stark shift towards liquidity, with cash and equivalents now comprising nearly one-third of Berkshire's $1 trillion market value.
Warren Buffett built a cash mountain, selling stocks and halting buybacks in 2023, boosting Berkshire Hathaway's cash reserves to $334 billion.
Despite a hot market, Buffett avoided expensive investments and focused on increasing cash, which now accounts for nearly a third of Berkshire's market value.
Buffett's Berkshire sold a net $134 billion in stocks, more than tripling the amount sold in the previous year, indicating a cautious investment strategy.
Berkshire Hathaway paid the highest corporate income tax of any American company in history, reflecting the significant stock sales and investment activity in 2023.
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