NOTE:
The size of Berkshire’s “cash pile” has generated some headlines (again). Over the past few months, Buffett has been selling Berkshire’s two largest equity holdings, Apple (AAPL) and Bank of America (BAC), and its cash on hand grew to a record $334.2 billion at the end of the fourth quarter.
This isn’t just a signal of Buffett’s concern about these stocks right now... It could also be foreshadowing. The last time Berkshire had such a high percentage (27%) of its assets in cash was the lead-up to the great financial crisis and, before that, the dot-com bust.
The most stupid question ever. He is holding cash so when the financial event hits he sweeps in and purchases everything cheap. Nothing new to see here.
94 years old. Still chasing his fortune.
I refuse to read anything that has “Why It Matter” in it.
The market has to correct sooner or later. Looks like he’s thinking it will be sooner.
Scrooge McDuck ?
He doesn’t see many bargains of a size which would move the needle for Berkshire Hathaway. Also the ‘Buffett Indicator’ (the ratio of the aggregate market cap of the market vs the GDP) is unusually high.
As I understand it, he doesn’t see any worthwhile investment opportunities.
Why horde cash? Because everything is going to go on sale.
This has been obvious for a while. It has little to do with politics. The cycle has been artificially retarded since 2008. We are due for a pretty significant slow down. The Fed is out of options because they were at 0% for so long and the national debt is so high.
This one could get pretty rough.
Hoarding.
The Democrat word for saving.