Berkshire Hathaway's First Quarter Earnings Report

Berkshire Hathaway reported a significant increase in operating earnings in the first quarter, with its cash holdings reaching a record high. The conglomerate posted an operating profit surge of 39% to $11.22 billion, led by gains in insurance underwriting and investment income. The company's cash hoard hit $188.99 billion, reflecting Buffett's challenge in finding major acquisition targets.

Ruffer LLP's Investment Strategy Amid Market Volatility

Ruffer LLP, a UK-based asset manager, is increasing its cash holdings due to concerns about shrinking US liquidity and the potential for a market reversal. They are investing in insurance policies and options that would profit in the event of a significant decline in Wall Street. The firm is taking a cautious approach amid high market valuations and liquidity risks.