@monetarymath.eth
Berkshire Hathaway is now sitting on $382B in cash/T-bills, after net selling $6.1B of stocks last quarter.
Berkshire's cash position is now meaningfully larger than its public equity portfolio ($258B), and roughly 1/3rd of Berkshire's market cap.
At the 2025 Berkshire Annual Shareholder Meeting, Buffett said, “The tendency of governments is to debase currency over time; there is no system that beats that...they devalue currencies at breathtaking rates.”
Given Buffett’s own rhetoric and the growing unsustainability of US borrowing, it’s hard to see how such a large cash position serves the interests of shareholders.
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