TechFlow news — According to Cointelegraph, Berkshire Hathaway, the company led by Warren Buffett, sold $13.3 billion worth of stocks in its latest quarterly report, increasing holdings of cash and U.S. Treasury securities, signaling that Buffett may be preparing for a potential collapse in risk asset prices.
Berkshire Hathaway is one of the key indicators of the health of the U.S. economy, but Buffett, now 92, is no longer optimistic. He stated, "Most of our businesses will earn less this year than last," and said the "extraordinary period" for the U.S. economy has ended over the past six months. Against this backdrop, Berkshire Hathaway has boosted its cash reserves, parking most of its cash in short-term Treasury bills and bank deposits to secure higher interest rates approaching 5%.
