Berkshire Hathaway Cash Reserves Hit $325.2 Billion

Warren Buffett's Berkshire Hathaway has reached a record cash reserve of $325 billion after selling off significant shares of Apple and Bank of America. The company's stake in Apple, valued at $69.9 billion at the end of September, has dropped substantially from $174.3 billion earlier this year, reflecting a 25% reduction in its holdings. Despite the massive cash pile, Berkshire reported a 6% decline in quarterly operating profit to $10.09 billion, impacted by higher insurance liabilities and currency losses. Investment gains propelled third-quarter profits to $26.25 billion, a stark contrast to a loss of $12.77 billion a year prior. Buffett continues to advise investors to focus on Berkshire's operating earnings for a clearer view of its performance. The conglomerate has been a net seller of stocks for eight consecutive quarters, indicating a cautious approach towards market investments.