Warren Buffett's cash pile tops record with $149.2 billion on hand

Buffett has struggled with a high-class problem of having too much money in Berkshire's pockets and not enough chances to put that to work in higher-returning assets.

Warren Buffett’s Berkshire Hathaway Inc. now has a record amount of money to put to work.

Berkshire’s cash pile hit new heights at $149.2 billion of funds in the third quarter, surpassing a record set in early 2020, the company said in its earnings report Saturday. The fresh high came even as Buffett poured more money into buying back its own stock with $7.6 billion of repurchases in the period -- the third-highest tally since the board changed its policy on buybacks in 2018.

Buffett has struggled with a high-class problem of having too much money in Berkshire’s pockets and