Berkshire Hathaway's cash reserves reached a new all-time high of $325.2 billion in Q3 2024, as Warren Buffett continued to hold off on major acquisitions while reducing some of his largest equity positions. Once again, Berkshire trimmed its holdings in Apple, with the stake valued at $69.9 billion at the end of Q3, down from $84.2 billion in Q2, marking an approximate 25% reduction, according to a Bloomberg report.
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Seems proportional to M2 so nothing to worry about 😂
Berkshire stable coin incoming
„Gerontocoin: it‘s ultrasound money too, that’s why we can’t hear you“
he's made some odd moves recently. Japanese investments isn't turning out so well as expected ~18 months later.
Cash on hand is good, as float, but given the ~7 trillion printed and then floating to the "top" which is firms like Berkshire (see Microsoft as well) - they're just sitting on cash piles that need to be deducted from valuations.
I mean, Microsoft literally bought a whole Activision AND Blizzard in one transaction, with cash on hand and still having cash remaining.
Insane dilution of purchasing power in the US of A in the past 2 years alone.
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that's roughly -$30Bn less every year due to inflation
In Weimar Germany, fritz haber was a billionaire who lost all his wealth because he was holding large portion of his wealth in worthless fiat.
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