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Buffett!
Money. Warren Buffett has some.
Berkshire Hathaway's mountainous cash pile grew for a ninth consecutive quarter in Q3, amid ongoing stock sales.
Quarterly "earnings" from Berkshire released on Saturday showed the conglomerate's cash stash swelled by more than $46 billion last quarter.
As a reminder, Berkshire cashed in (or cashed out, depending on how you want to look at it) to the tune of nearly $88 billion in Q2, when Buffett aggressively trimmed his stake in Apple.
If you're curious, Bu
“Restructure Musk as a good person” – LOL
The reinvestment issue is a problem at current valuations. Alternatively he may be anticipating a market crash post election and reinvest then.
And use the money to buy what, exactly? What can he buy now that will move Berk’s needle?
This is what I was wondering. He might as well just buy index ETFs.
He fetishizes cash. And the older he gets, the more acute it gets and the more excuses he makes for it. It’s amusing to me that no one seems to see this but me. People become caricatures of themselves the older they get. What does a 135-year-old Warren Buffett look like? He’s 4’8” and he has $4 trillion in T-bills.
I wonder if what we are seeing is the beginning of the end- as in BRK will sell its’ holdings and ultimately pay a big cash dividend?
Th-th-th-that’s all folks!