Brooklyn Investor latest

[Libs]

https://brklyninvestor.com/2024/11/06/cash/

[73 Reds]

11 minutes ago, Libs said:

https://brklyninvestor.com/2024/11/06/cash/

I think folks read way more into Berkshire's cash holdings than necessary.  If/when Buffett has something better to invest in, does anyone doubt that he will?  Otherwise, it is pretty clear that all potential acquisitions are currently priced too high.  

[dwy000]

50 minutes ago, 73 Reds said:

I think folks read way more into Berkshire's cash holdings than necessary.  If/when Buffett has something better to invest in, does anyone doubt that he will?  Otherwise, it is pretty clear that all potential acquisitions are currently priced too high.  

Exactly. His point that Apple was so successful an investment that it threw off everything else is very accurate.  So lightening up on it gets headlines as well as creates a cash pile that draws more headlines.  Not sure we should read more into it than he's reaping gains from one of his most successful investments ever. 

[thowed]

Bill @wabuffo did something similar recently & referenced brklyn, but I can't remember where - Twitter?  Don't know if that prompted this?!

[John Hjorth]

1 hour ago, 73 Reds said:

I think folks read way more into Berkshire's cash holdings than necessary.  If/when Buffett has something better to invest in, does anyone doubt that he will?  Otherwise, it is pretty clear that all potential acquisitions are currently priced too high.  

 

Yes, @73 Reds,

 

Start doing the following :

 

1.  Deduct from the 'cash' USD 40 billion as liquidity reserve for the whole insurance group never to get in any kind of trouble,

2. Not all the 'cash' is actually cash, it's a combination of cash and T-Bills, the T-Bills actually generating 'something' by now, where 'something' > 'nothing' 'earlier',

3. One could argue, that of the 'cash', a part of it, according to latest float information from Berkshire stated to USD 174 billion EOP 2024Q3, is financed by float,

 

and, if one is still whining about the Berkshire cash,

 

4. The Berkshire cash is what provides you staying power in this non-zero-sum game, if financial armageddon resurfaces on our planet, or if you make serious mistakes with - for you - serious money - in other investments.

 

- - - o 0 o - - -

 

That's actually not that bad, at all.