Warren Buffett’s Berkshire Hathaway Sits on Record $157 Billion Cash Pile

Warren Buffett’s Berkshire Hathaway ended the third quarter with a record cash pile and reported a deeper net loss due to the sputtering stock market rally.

The famed investor’s Omaha, Neb., company wrapped up the third quarter with a record $157.2 billion in cash and equivalents, up from $147.4 billion at the end of the second quarter and eclipsing the previous record of $149.2 billion that was set two years ago.