Since his retirement announcement in May 2025, Warren Buffett has lost $28 billion in net worth, attributed to a large $6 billion philanthropic donation and a 13% drop in Berkshire Hathaway’s stock price in the wake of the announcement and tepid Q2 earnings Business Insider. Meanwhile, Buffett’s continued reticence to deploy the enormous cash reserves—around $347 billion in liquidity—reflects a cautious strategy focused on value over expansion, even when capital might be put to productive use