Warren Buffett's Berkshire Hathaway moves in the 2nd quarter reflect 'caution in the current environment,' Morgan Stanley says

Reuters Warren Buffett's Berkshire Hathaway equity portfolio value increased about 15% in the second quarter, according to a Monday note by Morgan Stanley. The company's new position in Barrick Gold is "potentially signaling caution given the uncertain macro environment," said analysts led by Michael Phillips. In addition, "the company has largely reinvested the proceeds from equity sales in Treasury bills, reflecting caution in the current environment," said Phillips.