“Buffett’s Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion”

“…

• Berkshire Hathaway shares rose Monday after Warren Buffett’s conglomerate reported a surge in operating earnings as well as a record cash hoard. Berkshire’s Class A shares were higher by 0.3%, while Class B shares gained about 0.4%.
• The company’s stock has already outperformed this year, with each share class having advanced more than 10%. The S&P 500 is up by over 7% this year.

…”

https://www.cnbc.com/2024/05/06/berkshire-hathaway-gains-as-insurance-lifts-first-quarter-profit-and-cash-nears-200-billion.html

That 200 billion will be used to buy up the markets after they collapse. They are waiting for the commercial real estate crisis. It’s going to affect the banks which will affect everything else.