Warren Buffett is sitting on $149.2 billion in cash right now.
Time will tell if this is the ultimate expression of rationality and patience, or if it is proof that one of the greatest investment runs in history has come to an end.
Time will tell if this is the ultimate expression of rationality and patience, or if it is proof that one of the greatest investment runs in history has come to an end.
Buffett and Berkshire have been underperforming the S&P 500 for awhile now, but they outperformed the S&P over the last 12 months. 
The surprising thing is they created this outperformance while refusing to deploy the massive amounts of cash on their balance sheet.
Whether the last 12 months can continue or not, no one knows.
But the decisions he is making now are going to be fascinating to analyze later.
Whether the last 12 months can continue or not, no one knows.
But the decisions he is making now are going to be fascinating to analyze later.
Best thread I’ve seen today on Berkshire.
https://twitter.com/chrisbloomstran/status/1457044320482172932
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