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Warren Buffett's Berkshire Hathaway reported a record $128 billion in cash in the third quarter

Warren Buffett's Berkshire Hathaway reported a record $128 billion in cash in the third quarter
Dennis Van Tine/AP



Berkshire Hathaway, run by Warren Buffett, reported third-quarter 2019 earnings on Saturday.




Berkshire ended the quarter with a record $128 billion in cash, even though it repurchased $700 million of its own stock.




The cash pile highlights difficulty Buffett has had finding companies to purchase.




Read more on Business Insider.




Berkshire Hathaway, run by "Oracle of Omaha" Warren Buffett, reported Saturday that it's cash pile grew to a record in the third quarter.
The company reported in its quarterly earnings release that it ended the quarter with $128 billion in cash, even though it repurchased $700 million of its own shares.
It highlights the difficulty that Buffett has had deploying his large amounts of cash into acquisitions. Buffett's last major deal was in January 2016, according to the Wall Street Journal.
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