Dilok Klaisataporn
By Breakingviews
Warren Buffett has dropped so much investment wisdom over the past six decades, it would be amazing if even he could keep it all straight. For example, he has scoffed at the idea that cash is king. And yet, his
Warren Buffett Sagely Ignores His Own Advice
Summary
- Berkshire Hathaway now sits on a war chest bulging with some $275 billion of casg, which should be helpful as stock markets wobble.
- After the company nearly halved its massive stake in Apple during Q2, its cash and easily monetizable investments swelled further, to about a quarter of assets, twice the proportion from a decade earlier.
- It’s unclear whether Buffett feels overexposed to Apple, sees a better place to deploy the money or is more broadly worried about stocks in general. Either way, his cash towers over the hoards at non-financial S&P 500 companies.
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