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Doesn't Warren Buffett have like $60 billions in cash?
by NewEntryHN 4y ago
Doesn't Warren Buffett have like $60 billions in cash?
- known 4y ago
- em500 4y agoWho knows? Seriously, think about this for a moment. Who could have such information, and why would they divulge it?
- kwhitefoot 4y agoThe bank, the government, the tax authorities. In this country, Norway, the last of those does indeed divulge it because anyone can access anyone else's tax return.
- em500 4y ago1. Even if he'd be mad enough to put 60B in one bank(-account), it's strictly forbidden for anyone who could access such information to divulge it. In reality, people who need to hold very large sums of liquidity (which is a very rare requirement if you really think about it) use short term treasuries and/or the money market. 2. What's the relevance of Norways idiosyncratic laws in this discussion? In almost every other country in the world (including the most of Europe) the government / tax authorities consider such information strictly private.
- kwhitefoot 4y agoThe relevance is making people aware that secrecy is a choice not a natural law. And while it is not common it is not only Norway that does this, it's a Nordic thing, with the exception of Denmark (which has had tax scandals that would have been found out sooner had the records been public!).
- lupire 4y agoDo you mean Berkshire Hathaway, the public company he owns stock in?