Berkshire Hathaway's Record $157 Billion Cash Pile Amid Investment Losses

Berkshire Hathaway, led by billionaire investor Warren Buffett, reported a record $157.2 billion cash pile and a 40.6% boost in operating profit for the third quarter. The conglomerate's cash reserves have surged, potentially enabling a major acquisition. However, Berkshire Hathaway also reported a $23.5 billion investment loss, partly due to a drop in Apple shares. The company acknowledged the impact of geopolitical conflicts, supply chain disruptions, inflation, and Covid-19-related actions on its operations.