When this man wakes up, he finds increased money in his account

When this man wakes up, he finds increased money in his account, this game has been going on for many years, now money has become a headache.                       

Warren Buffett 

Veteran investor Warren Buffett's company Berkshire Hathaway has declared the results for the January-March quarter. According to Berkshire Hathaway, the company's operating profit increased by 39 percent to $ 11.22 billion during the March quarter. A year ago it was $8.07 billion. The company had recorded a record operating profit of $ 37.4 billion and net profit of $ 96.2 billion for the entire 2023. The special thing is that the cash reserves of the company are continuously increasing. It increased to Rs 15 lakh 76 crore in the March quarter. Buffett has 37 percent stake in Berkshire Hathaway. Buffett is troubled by this growing pile of cash. Because, now they are not finding good shares to invest money.

Warren Buffett

      
The cash reserve of Warren Buffett's company is more than the market capitalization of many big companies of India. The market cap of the company TCS is Rs 13.89 lakh crore, which is less than the cash lying with Berkshire Hathaway. Warren Buffet's name is included among the top ten richest people in the world. According to Forbes Realtime Billionaires List, his current net worth is $131.7 billion and he is the 8th richest person in the world. Whereas in Bloomberg's Billionaires list, Warren Buffet is currently ranked 9th with a net worth of $132 billion.

Cash reserve increased by more than Rs 15 lakh in March quarter

While announcing its quarterly results, the company said that at the end of the first quarter, the cash reserve of Warren Buffett's company Berkshire Hathaway has increased to 189 billion dollars i.e. 15 lakh 76 thousand crore rupees. Earlier, at the end of December quarter, the company's cash reserve was $ 167.6 billion (about Rs 14 lakh crore). With every new quarter, Warren Buffett's company's cash reserves are reaching new all-time highs.

Why is cash increasing?

Berkshire Hathaway mainly invests in markets around the world. Apple shares have the largest share in Warren Buffett's portfolio. Buffett's pile of cash is actually increasing because he is not able to find good shares to invest.