Subject: Re: Cash 2x Float
Isn’t that interesting…

I saw a video recently of Buffett talking about how quickly he was able to allocate capital after 2008. We probably underestimate how quickly Berkshire can get that ratio down to 100%. They don’t seem to like going much lower than 100%.

It’s interesting that as recently as 2022 Buffett was allocating a lot of capital (Occidental).

The cash is a big number but once they start, it can accumulate quickly enough, if the opportunity arises. And it’s probably only half of the cash that would be allocated.