An important point to be made here is that Berkshire's cash pile is not reported in real terms. Rates are pretty high, and cash sitting in US Treasuries are ea

An important point to be made here is that Berkshire's cash pile is not reported in real terms. Rates are pretty high, and cash sitting in US Treasuries are earning 5%. When you have $150 billion, that's $7 billion/year growth just in interest. But it's not actually $7 billion in real growth, it's mostly just inflated. Berkshire had $149 billion 2021. They have $157 billion today. That's actually a decrease in real terms.