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Warren Buffett. Berkshire Hathaway has over $300B in cash reserves, Buffett owns 15% of Berkshire and directs investments — he chose to park all that value in c
by thinkski 2y ago
Warren Buffett. Berkshire Hathaway has over $300B in cash reserves, Buffett owns 15% of Berkshire and directs investments — he chose to park all that value in cash reserves, roughly $50B of that is his share.
- nicbou 2y agoThat's still shares of a company, isn't it?
- nosefurhairdo 2y ago> While Buffett has stated that Berkshire Hathaway will maintain a permanent cash reserve of about $30 billion to fund potential insurance payouts, Bloomstran takes a more conservative approach and adds about $50 billion to that reserve level to account for a full year's worth of potential insurance losses. From this article in 2024: https://markets.businessinsider.com/news/stocks/warren-buffett-record-cash-pile-stock-market-crash-signal-berkshire-2024-5 https://markets.businessinsider.com/news/stocks/warren-buffe... There is additional context there explaining why Berkshire holding cash reserves is unique to their needs, and historically has only represented 17.5% of their total assets. Billionaires and large firms are not sitting on piles of cash Scrooge McDuck style, because holding cash is costly.