Berkshire’s billions: Buffett bemoans lack of lucrative investment opportunities

Billionaire investor Warren Buffett expressed frustration over the dearth of lucrative investment opportunities, leading Berkshire Hathaway's cash reserves to soar to a record $167.6 billion in Q4. Despite a rise in operating earnings to $8.48 billion, Buffett lamented the lack of potential game-changing deals. Berkshire's struggle to deploy capital has spurred share buybacks, totaling $9.2 billion in 2023. While eyeing potential opportunities amid market uncertainties, Buffett emphasised cautious readiness. The earnings report marks the first since the passing of Vice Chairman Charlie Munger, with Buffett praising Munger's pivotal role in Berkshire's success.

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By Sally Bakewell

Warren Buffett's Berkshire Hathaway Inc. said its cash pile scaled a new record as the billionaire investor decried a lack of meaningful deals that would give the firm a shot at "eye-popping performance."

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