Looks like they’ve been holding “record cash” pretty much continuously for the past 11 years. All it shows is that the fossils running the show are too stubborn to buy back stock, they’d rather manage a $300 billion checking account.
they aren’t buying back stock because they believe the stock is rich. They might be old but they are extremely principled in how they manage their portfolio
the younger guys are in their 60s and hold the same principles. It’s probably the greatest job in finance: to be a cio at Berkshire.
Well they also sold the airlines at the very bottom in 2020, so they aren't infallible. The cash just goes higher & higher. I don't see any correlation to a drop in the markets. Looks like its just a sign that the Graham-Dodd value investing is dead and it no longer works.
this post is really uninformed. did you read the reason why they sold the airlines? they realized that if they didn’t the govt would not bail out the airlines and they would be forced to. It was true second level thinking. by definition their size and capitalization meant they would be selling at bottom.