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per discussions with people in this space, they act like they have money burning a hole in their pocket. Compare to Buffet who will just accumulate cash if he
by compsciphd 7y ago
per discussions with people in this space, they act like they have money burning a hole in their pocket. Compare to Buffet who will just accumulate cash if he doesn't feel he has a good place to put it.
- 9nGQluzmnq3M 7y agoThe Vision Fund is $100 billion dollars, which is ludicrous by VC standards. Investing that sort of money sensibly, particularly if you limit yourself to IT startups (which historically don't need that much capital compared to, say, oil exploration or an iron ore mine), is not easy.
- compsciphd 7y agoI think I read recently that buffet is sitting on an equivalent amount of cash, waiting for the right investment
- eindiran 7y agoAt least as recently as May 2017 that was true: https://www.cnbc.com/2017/05/05/warren-buffett-reveals-whats-holding-him-back-from-putting-berkshires-cash-to-work.html https://www.cnbc.com/2017/05/05/warren-buffett-reveals-whats...
- dgacmu 7y agoBuffet is at 122B now: https://www.google.com/amp/s/markets.businessinsider.com/amp/news/warren-buffett-berkshire-hathaway-record-122-billion-cash-2019-8-1028416556 https://www.google.com/amp/s/markets.businessinsider.com/amp... But he invests differently - often buying entire, functioning companies.
- alexnewman 7y agoWarren holding cash is a statement on equity values IMHO. This is not financial advice.
- deleted 7y ago[deleted]
- sytelus 7y agoEvery big player is sitting on approximately that much cash: MSFT, APPL, GOOG. There is probably literally trillion dollars lying around in mostly liquid assets trying to find better long term opportunity. I think the productivity in last decade had been amazing but no one knows where to invest all these extra earnings they have had.
- skinnymuch 7y agoBuffett did lose billions on Kraft Heinz which we’re huge purchases costing tens of billions.
- mbesto 7y agoForget how the saying goes, but it's something along the lines of: If you are worth $100M then your goal is to grow that to $1B. If you are worth $1B then your goal is now to lose it. At some point capital has diminishing returns.