Berkshire’s monstrous ownership of cash has raised questions among shareholders and observers especially as interest rates are expected to fall from their multi-year highs. The Berkshire CEO and chairman in recent years has expressed frustration about an expensive market and few buying opportunities. Some investors and analysts have grown impatient with the lack of action and have sought an explanation why.
Despite his repeated selling of stock, Buffett said Berkshire will continue to prefer equities to cash.
“Berkshire shareholders can rest assured that we will forever deploy a substantial majority of their money in equities – mostly American equities although many of these will have international operations of significance,” Buffett wrote. “Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned.”
Shareholders will have to wait a little longer it seems as the Omaha-based conglomerate net sold equities for a ninth consecutive quarter in the final period of last year, according to the company’s annual report,
PUZZLING...seems like double speak to me.....worth watching...WARREN is wise and does not waste time.
FredHayek wrote:
Those politicians continue to want to spend, if it isn't on government, it is buying votes with 5K refund checks..
You don't buy votes by returning money to the people who sent that money to the government. You buy votes by giving other people's money to those who did not earn it... like paying off student loans.
A fact is information without emotion.
An opinion is information shaped by experience.
Ignorance is an opinion without knowledge.
Stupidity is an opinion that rejects facts.
