Stock God's last financial report before "retirement", Berkshire Hathaway's third quarter operating profit soared by 34%

Berkshire Hathaway announced on Saturday that its operating profit in the third quarter reached $13.49 billion, compared to $10.09 billion in the same period last year, an increase of 34%. This growth was driven by improvements in its insurance underwriting business. This is the last financial report released by the company before Warren Buffett stepped down as CEO. The conglomerate under Buffett's ownership indicated a cautious approach towards the market and valuations. As of the end of September, the group had a record $381.67 billion in cash and equivalents, did not repurchase any stocks in the third quarter, and has been net sellers of stocks for 12 consecutive quarters.