Warren Buffett’s company accumulates a record sum of $ 149.2 billion in cash

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The money in the reserves of the holding company Berkshire Hathaway, of the American investor Warren Buffett, has reached a record sum of 149.2 billion dollars in the third quarter of this year, according to its statements, released this Saturday.

The growth was due to the recovery of the conglomerate from the “agony” caused by the coronavirus pandemic, indicates Bloomberg. Even despite spending about $ 7.6 billion to buy his own shares.

Operating profit for the quarter was $ 6.47 billion. The growth has been 18% compared to the previous period. As for the sectors that showed the best dynamics, railways, services and energy stand out.

“Beginning in the third quarter of 2020, many of our companies experienced significantly higher sales and profits compared to the second quarter, reflecting higher demand from customers,” says Berkshire Hathaway. At the same time, it cautions that “the extent of the longer-term effects cannot be reasonably estimated at this time.”

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