Is this just humor? Or does it hold more than just a bit of truth?
According to the great Warren Buffet, there’s a truth to it. Buffet’s investment company Berkshire Hathaway is holding over 27% of their Assets in Cash, the highest percentage on record.
The mountain of cash and Treasury bills at the famed investor’s company, Berkshire Hathaway rose above $300 billion in the third quarter—easily a record and its highest as a percentage of company assets in data going back to 1998, according to Dow Jones Market Data.
And look at the timings of those historical cash build-ups…just saying.
Sources: Valerie Noel, Dow Jones Market Data
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