Core Insights - Legendary investor Warren Buffett is selling stocks at Berkshire Hathaway while accumulating cash reserves, raising concerns about a potential market crash [3] - Berkshire's cash holdings reached a record $381.7 billion in Q3, despite U.S. markets hitting new highs [3][8] - Analysts are divided on whether Buffett's actions indicate prudence or missed opportunities in a rallying economy [3] Financial Performance - Berkshire reported a 34% increase in operating profit to $13.49 billion in Q3, exceeding Wall Street expectations [7] - Net income rose 17% to $30.8 billion, driven by lower insurance losses and the absence of major catastrophes [7] - Revenue growth slowed to 2%, indicating underlying economic challenges despite strong profit figures [8] Investment Strategy - For the 12th consecutive quarter, Berkshire was a net seller of equities, maintaining a conservative investment approach [4][8] - Buffett has not repurchased any Berkshire stock for five straight quarters, even as the company's shares underperformed the broader market [4] - Current market valuations appear too high for Buffett, who prefers to buy undervalued assets [5][6]