Warren Buffett's $128 Billion Question, Answered
On Wall Street, there may not be a more revered investor than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since the 1950s, Buffett has used his investing prowess to grow his net worth from $10,000 to almost $74 billion. Keep in mind that this figure doesn't account for the tens of billions the Oracle of Omaha has donated to charities over the years. He's also generated close to $400 billion in value for Berkshire Hathaway shareholders over the past five-plus decades.
Suffice it to say that when Buffett speaks, Wall Street listens – and over this past weekend he did a lot of speaking. That's because Saturday, May 2, 2020, marked the release of Berkshire's first-quarter operating results, as well as the company's annual shareholder meeting.
There were obviously a lot of questions on the minds of investors heading into this meeting, such as how the coronavirus disease 2019 (COVID-19) would affect Buffett's roughly five dozen fully owned businesses. But one question stood head and shoulders above all else heading into this past weekend's earnings release and annual shareholder meeting: Did Buffett and his team put the company's near-record $128 billion cash hoard to work?
Source Fool.com
