News summary
Buffett: The company's cash reserves may climb to US$200 billion by the end of the quarter. Securities Times News, Buffett said at a shareholders 'meeting that by the end of the quarter, the company willprizeclawCash holdings of $200 billion may climb to $200 billion. Buffett said: "As of the end of the last quarter, our cash and national incomeprizeclaw...
Newsletter text
Buffett: The company's cash reserves may climb to US$200 billion by the end of the quarter. Securities Times News, Buffett said at the shareholders 'meeting that the company's cash holdings may climb to US$200 billion by the end of the quarter. "As of the end of the last quarter, our cash and treasury bills were $182 billion, and I think it's reasonable to assume that they could reach about $200 billion at the end of the quarter," Buffett said. He added: "We are happy to spend money and we must find the right target. I hope the risks can be small enough and the rewards can be large, otherwise we won't spend money." Proofread: Ran Yanqing