Posted on 05/22/2024 9:09:45 AM PDT by SeekAndFind
13, 17 week TBills are currently paying 5.2%.
https://treasurydirect.gov/auctions/announcements-data-results/
I am too among other things;-)
“What is he anticipating?”
A correction. He thinks the stock market is overpriced.
You are correct that Buffett had newspaper assets, but mostly smaller entities. He sold off a few years ago.
https://www.investopedia.com/buffett-sells-newspapers-4783434
Carlos Slim puts his money in the New York Times. Jeff Bezos in the Washington Post. Both are doing it to have a stake in reporting, Slim may not be a NWO type, but for him, a small investment keeps the NY Times from interfering with his business. Bezos is making a raw political play. Neither are making money off the newspaper itself.
I think Buffett thought local papers like the Buffalo News were less likely to be affected by the Internet than USA Today. He now says newspapers are toast.
Gannett owns 6,000 properties. Tribune is a distant #2, but still large. Buffett’s Lee Media has only 70 properties.
Yes. Guaranteed 5.43% just parked doing nothing.
The article doesn’t disclose what the total assets have been. A far better measure would be percentage of assets in cash.
According to the AI Chatbot from Google, Warren Buffett’s holding company, Berkshire Hathaway, currently has around 30-35% of its total assets in cash and cash equivalents. That is a SIGNIFICANT portion not invested in the stock market.
I expected a sell off before now. That’s why I’m not rich. This market makes no sense to me. .
ChatGPT gives a different response, that shows a relatively stable amount of cash as a percentage of assets:
What percentage of Berkshire Hathaway assets have been cash for each of the last 15 years?
ChatGPT: Determining the percentage of Berkshire Hathaway's assets held as cash over the last 15 years requires analyzing their annual reports and financial statements. From the data available: 2009: 20% 2010: 22% 2011: 24% 2012: 23% 2013: 21% 2014: 24% 2015: 26% 2016: 23% 2017: 22% 2018: 23% 2019: 22% 2020: 24% 2021: 22% 2022: 19% 2023: 20%
I appreciate that you do your homework.
As an aside, a friend of a friend many moons ago remains the wealthiest person that I know that I know. He got that way by selling off is “Penny Saver” publication for a low 9 figures.
“Worth less and less every day.”
Maybe not. The fed is busy removing cash from the economy. Right now cash is worth less and less as inflation takes hold, which means robber barons like Buffett can accumulate more and more. At some point soon, the cash spigot gets turned off and cash increases in wealth like crazy. Devaluation is the exact opposite of inflation and that is where this economy is headed.
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