Why Warren Buffett Let Berkshire’s Cash Pile Hit $397 Billion Instead of Chasing the Rally
Sixty Years of the Same Discipline Warren Buffett bought his first stock at age 11 — three shares of Cities Service preferred, a purchase he later said taught him more about patience than profit. He took control of a struggling textile mill called Berkshire Hathaway in 1965 and spent the next six decades turning it…