Updated Nov. 4, 2023 9:51 am ET
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.
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