For more than a year, Warren Buffet’s Berkshire Hathaway has been raising cash at a dizzying pace. The institutional investing company has been selling everything from Bank of America stock to a few different S&P 500 exchange traded funds (ETFs) to some of the company’s share of Liberty Media Formula One stock.
Investors expected that this weekend’s letter from Buffett would start to detail where all of the cash had been invested. After all, filings just a few weeks ago showed that Buffet’s company had bought more Occidental Petroleum and Domino’s Pizza.
But instead of getting the details on how the cash had been deployed, investors got the following…
This post originally appeared at Money Morning.