I’m not disagreeing, but just curious. Where’s your sources for this how do you know how much cash they’re sitting on?
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It's in their earnings report:https://edition.cnn.com/2019/08/03/business/berkshire-hathaway-q2-earnings/index.html …
Stated motivation too conspiratorial. More likely is that he's finding far fewer opportunities to invest in. The U.S. and developed world in general are undergoing regulatory constriction & demographic decline. And he's very old and has long since passed the top of his game.
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During 2020 we will be in recession,and he’s got 120B in dry powder ready to buy stocks on sale during their lows when their undervalued,during recessions USD increases in scarcity and demand relative to stocks which get fear sold...yet rat poison will outperform
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Verisign will do well regardless.
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I don’t disagree. His entire portfolio is very prone to a Bitcoin world. Berkshire Hathaway stock is almost entirely directly effected by fiat and banking losing its hold against bitcoin. His empire would literally crumble as it currently stands
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I came to the same conclusion going through his top 10 holdings.
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Dreamer, bitcoin is nerdy currency
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And the nerds shall inherit the earth...
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Buffet should take his 128B & use it to buy as many
@Tesla cars as he can and sell them at half price. This would be a dramatic adrenaline shot on epic proportions when it comes to battery tech! - 1 more reply
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Big cash pile to convince investors to stay when he finally ret/exp-ires
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