Sunday , July 3 2022

A record $ 122 billion in cash for a rich man



[ad_1]
<div id = "firstBodyDiv" data-bind-html-content-type = "article" data-bind-html-compile = "article.body" data-first-article-body = "

This prompted the legendary investor to express his dissatisfaction with the "plethora". This money, as "Far beyond," is the level he prefers, according to Fox Business News.

The increase in liquidity has come Warren Buffett Cash from the sale of shares more than the shares purchased and because it decreased the purchase of shares as well as because it failed to find acquisitions (companies) at a fair price.

Buffett, a billionaire nicknamed Buffett, is not exposed to the "Omaha Miracle" American stocks Which rose to a record high at the end of June. Instead, it sold more than $ 1 billion worth of stocks bought in the fourth quarter, the largest net sales since late 2017, Bloomberg,

As purchased Berkshire Hathaway It is worth $ 400 million in shares, down from $ 1.7 billion in the first quarter, according to the Insider Information website,

Buffett said earlier this year in his latest letter to shareholders that he was looking for a "Large Elephant Size Acquisition," But "Prices are Too High for Suitable Long-Term Companies,"

Buffett wrote in his latest letter to shareholders, saying "We hope to constantly pass on a lot of excess liquidity to Berkshire-owned companies, but the forecasts are not good. The prices are too high for decent long-term companies," he added. The truth is disappointing "It means Berkshire Hathaway is likely to spend this year buying stock,"

The stock appreciation appears to be positive for Berkshire Hathaway, where the stock portfolio jumped 16 percent to over $ 200 billion in the first six months of this year.

Berkshire also gained close to $ 1 billion in half-share options, with higher investment gains pushing its net income up 17 percent to $ 14.1 billion in the fourth quarter.

According to Berkshire's involvement in the apple Last year, over $ 50 billion at the end of last quarter, while increasing its participation in "Bank of America"An increase of 6 percent to 950 million shares worth about $ 28 billion.

In addition, Buffett agreed to invest $ 10 billion in Occidental Petroleum Preferred Stock to help fund the acquisition of the Anadarko Petroleum oil group.

Other companies where Berkshire has significant investments include American Express, Coca-Cola, Delta Airlines and Goldman Sachs.

">

This prompted the legendary investor to express his dissatisfaction with the "abundance" of these funds as "far above" the level he prefers, according to the Fox Business News website.

Warren Buffett's liquidity velocity came in cash from the sale of more shares than he bought, both because he also restricted share repurchases and because he was unable to find a fair price acquisition.

Buffett, the billionaire known as the Omaha Miracle, was not tempted to lure US stocks, which rose to their highest levels ever in late June. Instead, his company sold more than $ 1 billion in shares purchased in the fourth quarter, End of 2017, according to Bloomberg.

Berkshire Hathaway also bought $ 400 million worth of stock, down from $ 1.7 billion in the first quarter, according to Marks Insider.

Buffett said earlier this year in his latest message to shareholders that he was looking for "a huge acquisition of elephants" but that "prices are too high for suitable companies with long-term prospects."

"We hope to transfer a lot of excess liquidity to Berkshire-owned companies on a permanent basis," Buffett wrote in a recent letter to shareholders. "However, the forecast is not good as prices are too high for decent companies with long-term prospects." The disappointing fact is that Berkshire Hathaway is likely to spend this year buying stock. "

The stock appreciation appears to be positive for Berkshire Hathaway, where the stock portfolio jumped 16 percent to over $ 200 billion in the first six months of this year.

Berkshire also gained close to $ 1 billion in half-share options, with higher investment gains pushing its net income up 17 percent to $ 14.1 billion in the fourth quarter.

Apple's Berkshire share last year was over $ 50 billion at the end of the fourth quarter, while its stake in Bank of America grew 6 percent to 950 million shares worth about $ 28 billion.

In addition, Buffett agreed to invest $ 10 billion in Occidental Petroleum Preferred Stock to help fund the acquisition of the Anadarko Petroleum oil group.

Other companies where Berkshire has significant investments include American Express, Coca-Cola, Delta Airlines and Goldman Sachs.

[ad_2]
Source link