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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.