It's probably 100b excess in a 750b company. It's earning 4 or 5% and gives a lot of option value to one of the worlds greatest investors should things go south

It's probably 100b excess in a 750b company. It's earning 4 or 5% and gives a lot of option value to one of the worlds greatest investors should things go south. Given the current climate of wars, high interest rates, government spending... there is a decent chance he'll have a great chance to put that money to work at high rates of return here in the next few years. And if the concern is about society... It's 150b that berkshire has lent to the government, who is spending the money on things for society. If someone doesn't like the way the government are spending it, that's another issue.