Guest ajc Posted August 6, 2013 Posted August 6, 2013 Just thought I'd bump this thread, since there seems to be more interest in bull markets, 'shots heard round the world', etc on the board these days than at any other time in the year and a half since I've been reading. Read the other day that Buffett and De Vaulx both have record amounts of cash and a few other value firms seem to be doing something similar. Wondering if anyone has more cash now than they did 1 year ago, or 2 or even 3 when there was bunches of stuff on sale. As for me, in the past 18 months this is the most cash I've held percentage-wise.
JBird Posted August 6, 2013 Posted August 6, 2013 Berkshire certainly isn't sitting on record cash amounts right now. If it was, it would not be for a concern over the economy, the Fed, or the valuation of the general stock market.
Guest ajc Posted August 6, 2013 Posted August 6, 2013 Berkshire certainly isn't sitting on record cash amounts right now. If it was, it would not be for a concern over the economy, the Fed, or the valuation of the general stock market. I could be wrong. This is where I read it - http://blogs.wsj.com/moneybeat/2013/07/21/investors-struggle-with-cash-conundrum/ Are they missing something?
ourkid8 Posted August 6, 2013 Posted August 6, 2013 As per the Second Quarter 2013 report, Berkshire has $31.2B in cash and cash equivalents. This is down from Dec 31, 2012 balance of $42.4B. (Reduction of 36%) Definitely not sitting on record cash amounts... Tks, S Berkshire certainly isn't sitting on record cash amounts right now. If it was, it would not be for a concern over the economy, the Fed, or the valuation of the general stock market. I could be wrong. This is where I read it - http://blogs.wsj.com/moneybeat/2013/07/21/investors-struggle-with-cash-conundrum/ Are they missing something?
Guest ajc Posted August 6, 2013 Posted August 6, 2013 As per the Second Quarter 2013 report, Berkshire has $31.2B in cash and cash equivalents. This is down from Dec 31, 2012 balance of $42.4B. (Reduction of 36%) Definitely not sitting on record cash amounts... Tks, S Berkshire certainly isn't sitting on record cash amounts right now. If it was, it would not be for a concern over the economy, the Fed, or the valuation of the general stock market. I could be wrong. This is where I read it - http://blogs.wsj.com/moneybeat/2013/07/21/investors-struggle-with-cash-conundrum/ Are they missing something? My mistake, appreciate the correction.
ourkid8 Posted August 7, 2013 Posted August 7, 2013 I do not have the exact figures in front of me but I am sitting on around 12% cash. (This is my highest cash balance ever) At the same time, I am also paying down my leverage quite aggressively otherwise my cash holdings would be a bit higher. The joys of waiting for the next fat pitch!!! :) Tks, S
JBird Posted August 7, 2013 Posted August 7, 2013 I think the question of cash allocation is a probably a good one if you're trying to get a feel for how many investment ideas a manager has at any given time. I would just posit that being a "value" investor does not preclude having a zero cash balance when the valuation of the general stock market is irrationally high, or there's "economic uncertainty". Similarly, it doesn't preclude having a large cash balance when general market valuations are very low. No matter the environment, the question always is, can I buy dollar bills for 50 cents?
beerbaron Posted August 7, 2013 Posted August 7, 2013 28%, I feel like a craved nymphoman on a deserted island... :'( BeerBaron
no_free_lunch Posted August 7, 2013 Posted August 7, 2013 20% cash. The most I think I have ever had. Not really a market call as I claim no great abilities in that regard. I just don't see too many appealing risk/rewards.
texual Posted August 7, 2013 Posted August 7, 2013 Double digit cash. Haven't added any new stocks in over two years. Added a few positions but over a year ago, not likely going to find any ideas for a long, long time to come. This may be a quiet decade for me...
ragnarisapirate Posted August 7, 2013 Posted August 7, 2013 Not an exact number, but if you include special situation stuff, which I regard as "cashish" I am 35%+ in cash... take those out, and not so much.... Got some pretty obscure ideas waiting once some things clear up, but I am not going to chase anything.
Myth465 Posted August 7, 2013 Posted August 7, 2013 You guys have me a bit worried. I plan on raising cash after earnings season shakes out. Already have a few ideas on what will be sold.
fareastwarriors Posted August 7, 2013 Posted August 7, 2013 ~10% . I add cash to my portfolio like monthly since I have a small portfolio and I'm fairly young. I'm sitting on major gains on BAC/AIG/C/F/LUK/MIC but I only trimmed a bit of BAC/F and holding still the rest.
merkhet Posted August 7, 2013 Posted August 7, 2013 We are at 25% cash right now -- as others have said, not a market call but rather a function of having sold a few things that have approached intrinsic value.
Guest Grey512 Posted November 6, 2015 Posted November 6, 2015 Perhaps it is time to revive this old thread! Curious as to how much cash the COBF board holds during these interesting times in the markets. I'm at about 30% cash.
Jurgis Posted November 6, 2015 Posted November 6, 2015 ~20%. Been like that for a while (couple years at least) with some fluctuations up and down. It's not a market call for me. It's more of capital allocation and cash optionality.
Viking Posted November 6, 2015 Posted November 6, 2015 About 35% cash.... Wondering what happens when the fed actually raises rates.
TwoCitiesCapital Posted November 6, 2015 Posted November 6, 2015 I was pretty heavily in cash through August - but had to make a large withdrawal from my investment account to fund a move, so that removed about a 10% portfolio allocation to cash. Right now, I'm about 5-7% in cash with another 5% straight short of the SPY index that I've been building. The cash yield from my portfolio, including options sales, is around 4% which mostly remains in cash as well so the cash number is growing most every month.
Gamecock-YT Posted November 6, 2015 Posted November 6, 2015 About 35% cash.... Wondering what happens when the fed actually raises rates. Ditto. Pretty much all in 401k and HSAs that I've put in stable value funds/cash. Will be rolling them over by the end of the year
Ross812 Posted November 6, 2015 Posted November 6, 2015 In the IB accounts I manage maybe 1% right now is not tied up. I use the cash balance ~10-15% to sell cash covered puts, spreads, and condors. Right I have about 6% allocated to a Brk.B $120-$115 put spread expiring in November. I've written this put spread quite a few times this year. The contract paid 11% for 2 months (55c on $5). The spread is kind of a life insurance policy on Buffet, where I am the insurance co...
fareastwarriors Posted November 6, 2015 Posted November 6, 2015 I have about 1% in my taxable account, since my portfolio is rather small. I use my paycheck to contribute more every month. If there are more bargains in the market, I contribute more and save less.
Guest Schwab711 Posted November 6, 2015 Posted November 6, 2015 I finally dropped to 13% from ~25% for almost 2 years.
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