Yes, excellent point about a big part of Berkshire's cash pile apparently serving as an offset to float. And I was really surprised that he just came right out and told us the amount of Berkshire's cash that is actually investable in stock/acquisitions.
Keep up the great work!
Thanks! Loved your Alternate History post today!
thanks a lot for the shoutout Kingswell! appreciate it
This was an interesting comment that hasn’t received much attention:
“Whether it’s the United States or Europe, we [at] Berkshire have $35 billion to invest. That’s a lot of money to get invested.”
It implies that a significant part of Berkshire’s massive cash/treasury bill holdings are there instead of fixed income as an offset to float.
Yes, excellent point about a big part of Berkshire's cash pile apparently serving as an offset to float. And I was really surprised that he just came right out and told us the amount of Berkshire's cash that is actually investable in stock/acquisitions.