No. of Recommendations: 18
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.
Yes, that was my thought too.
The comment was from almost exactly 6.5 years ago. It's a much bigger company now. Total assets are up about 90%.
"There's no way I can come back here three years from now and tell you that we hold $150 billion or so in cash or more and we think we're doing something brilliant by doing it".
Technically, I suppose one should consider the comment literally--not that they couldn't or wouldn't do it, but that if they did they couldn't claim it was a great move : )
Jim
