Berkshire Hathaway's Record $157 Billion Cash Pile Signals Earnings Highlights

Berkshire Hathaway reported a net loss of $12.77 billion in the third quarter, but its operating income rose by 40.65% to $10.76 billion. The company's cash hoard reached a record $157.2 billion, largely invested in U.S. Treasury bills. Stock buybacks slowed down in the third quarter, with $1.1 billion in repurchases. Apple's 12% drop in the quarter negatively impacted Berkshire's stock portfolio. Charlie Munger praised the firm's Japanese trading company bets, which have yielded significant returns.