2 Possible Reasons Warren Buffett Shunned His Favorite Stock for the Fourth Straight Quarter, Despite Sitting on $344 Billion in Cash

Warren Buffett has been the chief executive officer of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) since 1965. He oversees a variety of wholly owned subsidiaries like Dairy Queen, Duracell, and GEICO Insurance, in addition to a $293 billion portfolio of publicly traded stocks and securities.

Berkshire is also sitting on $344 billion in cash. Buffett and his team would normally deploy this money into new opportunities when they come up, or return some of it to shareholders through stock buybacks.

He authorized $77.8 billion worth of buybacks between 2018 and mid-2024, which is more than double what he has ever invested in any other stock.

Source Fool.com