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Warren Buffett's Berkshire Hathaway may sell more Apple stock this quarter, with a potential cash balance reaching $200 billion by the second quarter of 2024. Buffett has trimmed the Apple stake amidst concerns about slowing growth, while emphasizing the importance of discipline in investing. Analysts are assessing Berkshire's moves following the annual shareholder meeting, where Buffett named Greg Abel as his successor for capital allocation decisions. Buffett sees no alternative to the US dollar as a reserve currency and holds $188 billion in cash. The annual meeting was attended by over 40,000 investors, celebrating capitalism and generosity.
LISTEN NOW: Jefferies’ David Zervos says traders are living in rate cut la-la land and joins Kelly to make his case. Listen and follow the @CNBCTheExchange podcast here: https://t.co/tsZvRrs9NI https://t.co/tu6qnGTVQI
Highlights of Berkshire Hathaway's Annual Meeting: > Berkshire has a $188 billion cash pile > Buffett named Greg Abel as his successor for capital allocation decisions > Buffett sold some Apple stock for tax reasons, not due to Apple's slowdown in sales Anything else you'd add? https://t.co/yD9iVLg0HM
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