Buffett's companies cut share purchases

Beijing Time May 19 Noon news, according to foreign media reports, "investor" Warren Buffett (Warren Buffett) under the Berkshire Hathaway Company (Berkshire Hathaway Inc.) is reducing the size of stock purchases, because the company held cash to the lowest level in 5 years. Berkshire currently holds a cash line close to the minimum level of $10 billion that Mr. Buffett wants.　　The company's total cash in September 2007 was as high as $47.1 billion trillion, but by April this year it had fallen below $20 billion trillion.　　Jeff Matthews, the founder of hedge fund Ram Jeff Mashus LP, said Mr. Buffett had to sell some of his shares last fall to make other investments, which is why he did not buy the shares.　　According to a regulatory document submitted by Berkshire, the company spent 624 million dollars in the first quarter, buying shares including Wells Fargo, or at least the smallest quarterly purchase since 2005. Instead, Buffett invests in Goldman Sachs and GE's preferred shares and buys Swiss reinsurance (Swiss reinsurance Co). Preferred stock, which locks the rate of return at 10% or slightly higher. He also purchased Mars Inc., which includes confectionery manufacturers. and construction products manufacturer USG Corp, including corporate bonds.　　These deals will bring Buffett more than 1.8 billion dollars in annual interest income. "Basically, Berkshire is producing cash every month," Mr. Buffett said at a news conference May 3. We haven't bought a lot of stocks for a while. "(Building)