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.
So thank you, Uncle Sam. Someday your nieces and nephews at Berkshire hope to send you even larger payments than we did in 2024. Spend it wisely. Take care of the many who, for no fault of their own, get the short straws in life. They deserve better. And never forget that we need you to maintain a stable currency and that result requires both wisdom and vigilance on your part.
There’s talk of a possibly severe economic down turn coming soon.
As delta7 says, cash is probably helpful if that’s the case.
Anybody hear any indicators of such a downturn?
If there is one, is should be short-lived unless the gov’t over-reacts and makes it worse.
True. The market is down so far in 2025. He doesn’t want to lose anymore. I’ll ride it out. I’m not 94 so time is ok for now.