In recent years, Berkshire has stockpiled cash like never before. At the end of 2024, it had amassed over $330 billion in cash and short-term Treasury bills. The diversity of its businesses, the strength of the stocks it holds, the incredible cash pile, and a strong leadership team have led investors to view the conglomerate as a flight to safety.

Shares of Warren Buffett's Berkshire Hathaway ended the day at another record. The company's Class B shares are up nearly 17% this year, compared with a 3.7% decline in the S&P 500. It was their fifth consecutive record close,