Y - 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. 11:49 AM ET: Ajit Jain, who runs Berkshire's (BRK.B) insurance operations, sees its passenger auto insurance businesses catching up with Progressive (PGR) in terms of using telematics. "There's no doubt that Progressive has done a better job recently," he said. Geico hadn't gotten into telematics until "relatively recently," he added. "Initial results are promising. My hope is that in

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