The market wipeout that swept through equities, bonds and currencies on Monday left just a few resilient pockets relatively unscathed.
Berkshire Hathaway’s massive stock sale last quarter came at a opportune time as the conglomerate now has an even bigger hoard of cash on hand.
The recent unwinding in carry trades has more room to run as the yen remains one of the most undervalued currencies, according to JPMorgan Chase & Co.