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Berkshire's $397B Bet Against an Overheated Market

Berkshire Hathaway just reported a record $397.4 billion in cash and T-bills, 59% of its investable portfolio. After fourteen straight quarters of net Berkshire Hathaway is sitting on a record $397.4 billion in cash after fourteen straight quarters of net stock selling, a streak that has only continued since Greg Abel took over as CEO. Behind the hoard sit warning signs from the Buffett Indicator, a stretched Shiller P/E, a struggling insurance division, and a stock that has lagged the market since its namesake stepped down.

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