Subject: Re: Gregg Warren's Q3 estimates
Berkshire had $147.4 billion in cash at the end of the second quarter, dangerously close to the $150 billion level Buffett laid out as untenable to shareholders.

Untenable is a strong word.

The Cash/float ratio was 86% at Q2. The ratio was higher than this from 2018 through 2021 using year-end numbers.

Doubtful there was much buyback activity in Q3.