Berkshire Spends Down Cash

OmahaBerkshire’s cash pile shrank for the first time in years.

It bought $4.5 billion of its own stock and ended 14 straight quarters as a net seller.

Greg Abel added $10 billion to the Alphabet stake, his first capital call since succeeding Buffett.

Cash fell to $364.7 billion from a record $380.2 billion.

Sources: Aol