Berkshire Hathaway’s cash pile reached a new all-time high of $189 BILLION in Q1 2024.
This is a $19 billion increase from their cash balance seen in Q4 2023, and a 70% increase in cash since 2022.
To put this in perspective, Berkshire Hathaway’s cash balance is larger than the market cap of Starbucks and Target combined.
When asked about this, Warren Buffet said "I don’t mind at all, given current conditions, building our cash position."
Why is Buffett holding so much cash?
Buffett said that in the current climate, he’s more than happy holding cash.
Sometimes, no investment is the best investment.
With money market funds paying 5%, capital is piling up on the sidelines.
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