> they can't think of anything worthwhile to invest in and earn with Yeah I mostly agree with that (even though I believe their insurance business is backstopp

> they can't think of anything worthwhile to invest in and earn with Yeah I mostly agree with that (even though I believe their insurance business is backstopped with cash as part of their strategy), but this part isn't true because we're not talking about paper cash: Inflation is nibbling that away by roughly 10% a year. (So about $16 billion evaporating away per year). Currently "cash" yields over 5% and inflation is less than that, so nothing is evaporating away. Also, there have been plenty of times in history where cash has outperformed the alternatives (the last couple years being an example).