Ryan Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
What did we do with all that money?
What did we get out of that?
I mean, there were some wars.
It wasn't a World War II, but where else did it go?
Yeah, I don't know, man.
That's a good question.
That's the debt story.
You also have firms like Berkshire Hathaway.
They have announced their cash balance is now up to a record, almost $400 billion.
They are aggressively selling into the market.
Look, this is the 14th consecutive net quarterly sale.
14 consecutive sales.
They've been selling into this market for a while, and the cash on reserve they have is above 30%.
This is Warren Buffett.
This is what he says about the market.
I want to play this for you, David.
The casino has gotten very attractive to people, is what Buffett says.
This is the reason for their cash position.
Stocks are not cheap.
He said in his 60 years of investing, there's only been about five years that felt inexpensive to him and cheap.