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00:02Berkshire Hathaway ended the first quarter with a record $380.2 billion cash position,
00:09exceeding its $288 billion equity portfolio, according to Kingswell.
00:13The company has now been a net seller for 14 consecutive quarters under CEO Greg Abel,
00:19while maintaining a concentrated portfolio that includes Apple, American Express,
00:24Bank of America, Coca-Cola, and Chevron.
00:26Warren Buffett recently warned about the market becoming a church with a casino attached,
00:32while Berkshire preserved liquidity for future market dislocations.
00:36Berkshire Hathaway reported operating earnings of $11.3 billion in Greg Abel's first quarter as CEO,
00:44up 17.7% year-over-year and 7.2% adjusted for currency fluctuations.
00:50Abel also said hyperscalers must cover the costs tied to new utility infrastructure for AI projects,
00:56allowing Berkshire to participate in the AI build-out while maintaining balance sheet discipline.
01:01For all things money, visit Benzinga.com.
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