The famous investor and muti-billionaire CEO of Berkshire Hathaway is doing something unusual: selling stocks and hoarding cash. WSJ’s Spencer Jakab breaks down possible reasons why and what everyday investors can learn from his choices. Further Reading: - Does Warren Buffett Know Something That We Don’t? - A $150 Billion Question: What Will Warren Buffett Do With All That Cash? Further Listening: - Charlie Munger: Curmudgeon, Sage and Investing Legend Learn more about your ad choices. Visit megaphone.fm/adchoices
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Warren Buffett is probably the most famous investor alive. His company, Berkshire Hathaway, is worth more than a trillion dollars. And the way he's made all that money is by playing the long game. When he buys shares of a company, he tends to stay invested. He once said that his favorite holding period for a stock is forever.
But recently, Buffett, who's 94 years old, has been getting attention for doing something that's totally out of character. He's selling stocks and hoarding giant piles of cash.
His cash level is extraordinary today.
That's our colleague Spencer Jacob.
He has built up cash and cash equivalents of $325 billion on the balance sheet of Berkshire Hathaway.
Wow. Like, if you were to stack up all these $1 bills, $325 billion $1 bills, like, does that get you, like, close to the moon? Like, can you paper over the entire planet Earth with all this money?
Yeah, I think it gets you from end to end. I have not done the measurement. I think it gets you to the moon or the sun or something crazy like that. And I mean, you imagine like Warren Buffett sitting in a bunch of money or gold or whatever, or Scrooge McDuck diving.
Right, diving off a dive board into a swimming pool of coins, which by the way, you would hurt yourself. It would hurt. You wouldn't dive in.
Yes, do not attempt. Just a disclaimer.
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