Berkshire's cash pile has left investors wondering whether Warren Buffett has found some attractive investments after the market's record plunge.
Cathy Seifert, an analyst at CFRA Research, thinks it may be prudent for Berkshire to keep some "dry powder" given its large insurance and reinsurance businesses and the potential losses to those businesses amid the coronavirus pandemic.
"Something that doesn't tend to be top of mind, but maybe should be, is what's their degree of exposure to the pandemic within the reinsurance business," Seifert said.across some classes in the U.S. and the United Kingdom, according to broker Willis Towers Watson. That would surpass the claims total from the September 11 attacks.
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