Buffett's Big Moves and Munger's Missing

Hey, folks, let's dive into Berkshire's latest numbers! Their railroad business pulled in a solid $1.14 billion in profit, while the energy division nearly doubled its earnings to $717 million. But hold your horses, 'cause first-quarter net earnings took a bit of a dip, down 64% to $12.7 billion. Now, Buffett's not too fazed by these swings, calling 'em meaningless, but hey, they're still worth a peek.

Now, here's the kicker: Berkshire's sitting on a whopping $188.99 billion in cash, a record high! But old mate Buffett's scratching his head, struggling to find a big fish to fry in the acquisition game. And speaking of moves, Berkshire trimmed its Apple stake by 13%, but hey, it's still holding strong as their top dog.

They've been flexing their muscles in the stock buyback game too, snapping up $2.6 billion in shares. Now, with the annual shareholder meeting, aka "Woodstock for Capitalists," around the corner, we're gearing up for some juicy insights from the Oracle of Omaha himself. But hey, it's gonna be a bit bittersweet this time around, 'cause it's the first meeting since the passing of Vice Chairman Charlie Munger last November.

But hey, it's not all doom and gloom! Berkshire's Class A shares are soaring, up over 11% year to date, hitting an all-time high in February. And the Class B shares? They're not far behind, up over 12% in the same period. So, buckle up, 'cause it's gonna be a wild ride at Berkshire's shareholder shindig!