Against the backdrop of a general decline in the U.S. stock market this year, Buffett's Berkshire Hathaway has significantly outperformed the market, becoming a safe haven for investors.As of yesterday's market close, Berkshire Class A shares rose 1.8%, and Class B shares rose 1.6%, both reaching all-time highs. Since the beginning of the year, Berkshire Class A shares have accumulated a 15.3% increase, while the S&amp;P 500 index has declined by 3.5%.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/45442607-2e7d-4668-a069-c8cbf0022003.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/45442607-2e7d-4668-a069-c8cbf0022003.png"/><h2>Cash is King Defense Strategy</h2>Although there is no direct evidence that Buffett is bearish on the market, his cautious investment strategy is evident.As of the fourth quarter, Berkshire holds a record cash position of $334.2 billion, with cash reserves increasing for the 10th consecutive quarter, accounting for 29% of total assets, reaching a multi-decade high.However, despite maintaining a cautious overall stance, Buffett is still selectively making moves.According to The Wall Street Journal, Berkshire recently announced that it has increased its stake in Japan's five major trading companies (Mitsubishi Corporation, Mitsui &amp; Co., Itochu Corporation, Marubeni Corporation, and Sumitomo Corporation) to approximately 8.5%, and indicated that it may further increase its stake to a maximum of 9.9% in the future.At the same time, Berkshire has also decided to sell its controlling stake in its real estate subsidiary HomeServices of America, with the transaction expected to be completed in the first quarter of 2025.Analysts believe that Berkshire holding such a large amount of cash suggests that Buffett may think the current market lacks sufficiently attractive large acquisition targets. However, this also provides Berkshire with ample firepower to seize opportunities when the market undergoes significant adjustments

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Yesterday, Berkshire Hathaway A shares rose 1.8%, setting a new historical high. So far this year, Berkshire Hathaway A shares have accumulated a 15.3% increase, while the S&P 500 index has declined by 3.5%. As of the fourth quarter, Berkshire holds a record cash position of $334.2 billion, with cash reserves increasing for the 10th consecutive quarter, accounting for 29% of total assets, reaching a new high in decades

- Despite a general decline in the U.S. stock market, Berkshire Hathaway's stock has significantly outperformed, becoming a safe haven for investors.  
- As of the latest close, Berkshire's Class A shares rose 1.8% and Class B shares 1.6%, reaching historical highs, with a year-to-date increase of 15.3% compared to a 3.5% drop in the S&P 500.  
- Berkshire holds a record cash position of $334.2 billion, allowing for selective investments, including increasing stakes in major Japanese trading companies while planning to sell its real estate subsidiary.

"Bear Market" Best Safe Haven? Berkshire Stock Price Hits All-Time High