3 ms·

Buffett also moved into the gold market [0], which he never really liked in the past. Perhaps he still doesn’t like it but believes it’s one of the better place

• mxschumacher 6y ago
  It's probably not Buffett who made that decision but rather one of the two other investors tasked with putting berkshire's cash to work: todd Combs and ted weschler. The investment in barrick gold is tiny in relation to brk's other investments. About $500m in a $210bn+ portfolio of public stocks (which in turn are smaller than their privately owned firms). Additionally, Berkshire's holds about $147bn in cash so let's please not get carried away with the gold comments.