But hasn't cash, since about 2005 when it started growing for them, been the worst performing asset? After 2007, it essentially got 0.25% yield, with a shit ton of purchasing power lost. I know these guys will never understand bitcoin, but there must be somebody there who can put 2 and 2 together. If there are no good companies to buy, if the market is over valued, if the dollars are losing value very quickly, perhaps there is a problem with the whole system? I think Buffet said it himself that he couldn't replicate his returns again, and I also recall seeing that since about 2010 or so, their returns are mediocre at best. Their only advantage is size, and being able to control the outcome. It also helps to be bailed out.
This is the ancient and most fundamental of all speculative strategies, used by the traveling merchants of Babylon, the entrepreneurs who sold shovels to gold prospectors and provisions to crusaders on the road, and vultere capitalists like Mr. Buffet who stood practically alone in the spring of 2009, saying: "Buy Stocks"
Oooh i hope so, I have 3 bond funds waiting to pay me handsomely, for now just collecting the monthly dividends!
It's definitely going to happen, might take a while but when it unfolds the rewards will be absolutely plentiful. At one point the risk will be staying in the market than staying out of it....
you know how hard it is to invest 100bn? They under performed because growth has been envogue and they have remained consistent with their strategy even as the dollar has weakened. They have built a machine that has generated 350bn in cash flow plus all the other cash they have reinvested in. No other investment has done that. everyone got bailed out. If they didn’t sell the airlines, likely none of us would have been bailed out.
Market cap for comparison... https://companiesmarketcap.com/cad/berkshire-hathaway/marketcap/ A more informative graph would be cash as a percent of market cap. I'm not interested enough to search for or create it, but maybe someone else is.
More like inauguration day. The official day. It will probably be a market and sentiment shift rather than the end. Remember politicians are nothing more than sock puppets.Sitck money in the "War Chest" and make it say and support what you want. Akuma
That’s exactly why they should return the cash to shareholders, either via buybacks (ideally) or a tax-inefficient special dividend if they’re too stuck in the 1980s to contemplate buybacks. Obviously they don’t have the foggiest idea what else to do with the $300bn and growing cash mountain.
wait until the next crisis and buy 50percent of google and jpmorgan? They won’t buy their stock unless they think it’s cheap. They aren’t in this to goose the stock price for a bonus or a shareholder mandate.
Maybe he's looking for board people at certain companies to tell him what's going on in the inside before he starts buying.