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.
Meanwhile, he’s adding to his position in Sirius (SIRI,) as am I.