Warren Buffett's Berkshire Hathaway: Record $157B Cash Pile Amid Bargain Hunt

Warren Buffett's Berkshire Hathaway has revealed a record cash pile of $157 billion, surpassing Disney's market capitalization. The conglomerate sold over $5 billion of stocks on a net basis last quarter, while only spending $1.7 billion on stocks and $1.1 billion on stock buybacks. The rise in Berkshire's stock price and the struggle to find undervalued stocks may have contributed to the slower pace of buybacks. Despite a 41% surge in operating earnings, weakness in the BNSF Railway and Berkshire Hathaway Energy divisions tempered the good news. Buffett and his team have pulled back on spending significantly this year, capitalizing on higher interest rates and focusing on acquisitions.