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re: Berkshire Hathaway sells 13% of AAPL stock. Now holding $189 Billion in Cash.

Posted on 5/5/24 at 11:09 am to
Posted by Oracle of Orlando
Member since May 2024
25 posts
Posted on 5/5/24 at 11:09 am to
quote:

He has held large amounts if cash forever. $189B is a lot. Buffet is probably thinking that $189B ain't what it used to be. Lol.


That's not true.
In the early/mid 90's, when the market was roaring, he only had around a Billion in cash.
In 1999, right before the market crash, he raised his cash position 10x to $10 Billion.
When the market crashed in 2000/2001 he went on a spending spree and his cash dropped to $2 Billion.
In 2006/2007, right before the financial crisis, he was hoarding cash and his cash stock pile was at a then record high $50+ Billion.
In 2009/2010 his cash position dropped to $25 Billion as he went on a shopping spree when the market crashed.
In 2022 his cash position was $100 Billion
His cash position is now $189 Billion, up over 10 percent from last quarter and up nearly 100 percent in less than 2 years.
He said he expects his cash hoard to continue growing, and that while rates currently provide a nice return, that he wouldn't be deploying his cash even if he were only earning 1 percent on that cash.
He also sold stocks last quarter at the highest rate in years.
People have this misconception that Buffett is just a "buy & hold" guy because he's owned KO (Coca Cola) forever.

Warren obviously thinks that there is a lot more risk than reward currently,
Based on the rate that he is dumping stocks & piling cash makes you wonder if he's not expecting something much worse.
He's not always right, but he is the greatest investor in the last century.



This post was edited on 5/5/24 at 12:41 pm
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