Investing legend Warren Buffett has accumulated a record $334 billion cash position at Berkshire Hathaway, according to the company’s latest fourth-quarter and annual earnings reports. Buffett has continued to reduce the firm’s equity holdings, with cash reserves increasing from $325 billion at the end of the third quarter. Notably, Berkshire Hathaway sold 117 million shares of Bank of America (BAC) in the fourth quarter, valued at approximately $5.5 billion. In his annual letter to shareholders, Buffett emphasized that despite the ongoing reduction in equity exposure, investors should not interpret the growing cash position as a lack of confidence in equities. He stated, “Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned.” Buffett also highlighted that while the value of marketable equities decreased from $354 billion to $272 billion last year, the value of non-quoted controlled businesses increased and remains significantly higher than the marketable portfolio. — news from The Daily Hodl
