Berkshire Hathaway's Cash Reserves Double in Commemoration of Buffett's 60 Years of Leadership

Berkshire Hathaway has reported a record $334.2 billion in cash reserves, almost double the amount from the previous year of $167.6 billion. Operating earnings in Q4 2024 rose by 71% to $14.5 billion, with full-year earnings reaching $47.4 billion, marking a 27% increase. As Warren Buffett, at 94 years old, plans for succession, Greg Abel is poised to take the lead with substantial resources. Despite holding record cash reserves, Berkshire encounters obstacles in securing significant acquisitions while ensuring solid performance in its insurance and retail sectors.