Berkshire Hathaway’s cash pile reached a record $276.9 billion ($425 billion) in the second quarter as billionaire Warren Buffett slashed its Apple stake by almost 50 per cent and continued to hold off on acquisitions. Berkshire’s results released on Saturday suggest 93-year-old Mr Buffett, one of the world’s most revered investors, is growing wary about the broader US economy, or stock market valuations that have gotten too high.
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