Berkchire Hathaway from Warren Buffett sold $ 3 billion in stocks, as the investor enters the house as an executive president

• Berkshire Hathaway from Warren Buffett recorded a 4 % decrease in operating profits in the last quarter.

• Berkshire is exposed to currency exchange losses and low insurance profits.

• The company was a net seller for shares for the eleventh quarter in a row.

Berkshire Hathaway from Warren Buffett recorded a 4 % decrease in operating profits to $ 11.2 billion in the first semester profit report since the legendary investor He revealed that he is planning to step down As an executive president.

Berkshire also sold net $ 3 billion in shares in the last quarter, buying $ 3.9 billion in shares, but a sale of $ 6.9 billion. It was characterized by getting rid of the eleventh quarter in a row that the company was a net seller.

The profits of the second quarter of the same period last year have declined, as the most -sized insurance profits compensate for income from BNSF Railway and Berkshire Hathawaay Energy, and the Department of Manufacturing, Service and Retail.

Another major driver to decline was the loss of foreign currencies of $ 877 million in non-international debt-a sharp swing from the profit of $ 446 million in the same period last year.

Berkshire is now sitting on a 344 billion cash pile. This amount is greater than the market value of companies such as Coca-Cola and Bank of America.

Puffett, 95, this month, refrained from reshaping any shares in Berkshire in the last quarter. The company has written its 27 % share in Kraft Heinz by about $ 5 billion, which reduces the book value to $ 8.4 billion.

David Cass, a financial professor at the University of Maryland and Bavite Buffett, has long told Business Insider that the profits were a “work as usual” other than the weakness of Kraft Heinz, which he called a “surprise” and said “may be” linked to the Washingt Bofit.

It was Bavite and his team Foolish Through high assessments of public shares, private companies and Berkshire shares in recent years.

the Lack of purchase opportunities -Perkshire, peeling major stock stakes, including Apple and Bank of America last year-strengthened its monetary pile to the highest levels ever.

Berkshire’s share was wandering The planned back, Greg AbelHe will hold the position of CEO in the new year.

But while the index has risen over the past three months, Berkshire’s stocks, which some teachers attributed to the loss of “Pavite premium“

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