MSF - Berkshire Hathaway invested over $40B in three weeks in Q1: annual meeting

"One thing that won't change is we will always have a lot of cash on hand," said Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) Chairman and CEO Warren Buffett in his opening comments at the company's annual meeting in Omaha on Saturday. While, the conglomerate looked to start off the year slow in terms of investment activity, in three weeks starting Feb. 21, it spent more than $40B, he said. The company had $143.9B of cash and U.S. Treasury bills at Dec. 31, 2021, and that went down to $102.7B by March 31, 2022. 3:21 PM ET: Buffett explains that the government's massive fiscal support during the pandemic has contributed to inflation. "At some point the money can't be worth as much as when there was less money out" in circulation, he said. "The amount the government sent out, it has to affect prices." Still, he said it was the right thing to

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Berkshire Hathaway invested over $40B in three weeks in Q1: annual meeting