Investor Michael Burry, known for accurately predicting the 2008 housing crash, stated in his August 10 "Cassandra Unchained" newsletter that his biggest concern for Berkshire Hathaway was that Warren Buffett's successor would lack the patience to wait for a "fat pitch," a concern he believes has now materialized. Burry noted that he no longer considers Berkshire Hathaway an attractive investment. Previously, Burry's bearish bets against Tesla, Caterpillar, major semiconductor funds, Oracle, and Nebius had all paid off. Berkshire Hathaway held approximately $365.5 billion in cash and U.S. Treasury bills at the end of the second quarter, down from $397.4 billion at the end of the first quarter, and became a net buyer of stocks for the first time in 14 quarters, net buying nearly $20 billion in stocks, including a $10 billion investment in Alphabet.