Subject: Re: Warren should spend the cash
made at the annual meeting in 2017 when cash reserves were approaching $100b, in which he said that he would have to consider dividends or repurchases if the cash pile reached $150b

And then he put $40B into Apple, thankfully. There will probably be opportunities to buy good companies, including Berkshire, at good prices. And if the market keeps giving us $1.60 for $1 in cash it is hard to complain.