Warren Buffett is sitting on $330 billion cash, more than triple any other US company
We have the data on Buffett and his pile of cash.
From the Financial Times:
🤔 How does that compare to others?
Berkshire Hathaway now has BY FAR the most cash on hand among US companies.
From Trading View:
Wall Street Journal published a bunch of sweet charts on Buffett’s portfolio:
Berkshire Hathaway has been selling off stocks (on net) for eight straight quarters:
Berkshire Hathaway’s cash as a percentage of assets is also currently at all-time highs:
Berkshire’s biggest position is still Apple (despite having sold off 2/3 of their position.
Why is Buffett hoarding cash?
There’s an financial indicator that compares the value of the stock market to the actual economic output. It’s called the Buffett Indicator and it’s currently at all-time highs.
Here’s how it’s calculated - from Current Market Valuation:
Here’s where the Buffett Indicator stands right now (all-time highs):
America’s Sweetheart Billionaire
Warren Buffett has by far the best favorability rating among the top 10 richest Americans".
From Reuters:
What’s he gonna do with all that cash?
No one knows. But to give you some perspective, his pile of cash exceeds the combined market cap of Toyota, Ford, and General Motors. He could buy the entire automotive industry. He has enough cash to buy almost anything.
From the Wall Street Journal:
Buffett weighed in on the company’s tower of cash: “We’d love to spend it, but we won’t spend it unless we think we’re doing something that has very little risk and can make us a lot of money.”
“We only swing at pitches we like,” he added later in the session. “It isn’t like I’ve got a hunger strike or something like that going on. It’s just that things aren’t attractive.”
Here’s a photo of Buffett that’s unrelated but nice nonetheless.
