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Berkshire Hathaway is sitting on a record pile of cash at $189 billion. Putting Berkshire's cash pile into perspectiveInstead of measuring Berkshire Hathaway's cash position on an absolute basis, investors are better off measuring the cash pile as a percentage of Berkshire's total assets, according to Bloomstran. Berkshire Hathaway's $189 billion cash is actually at a pretty normalized level, and well below its peak of nearly 40% in 2004. At the time, the S&P 500 was trading near record highs, Apple was the biggest company in the world, and Berkshire Hathaway's absolute cash pile was at a record. with regards to Berkshire's cash pile at this year's annual shareholder meeting, the legendary investor responded:Advertisement"We only swing at pitches we like."
Persons: Berkshire Hathaway, Chris Bloomstran, , Warren Buffett, Buffett, couldn't, Semper Augustus, Bloomstran, Berkshire Hathaway's, there's, Apple, He's, shouldn't Organizations: Service, Berkshire, Business, Berkshire Hathaway's, Apple Locations: Berkshire, That's
Five experts on Warren Buffett's Berkshire Hathaway spoke ahead of this year's annual meeting. Mario Gabelli, John Rogers, Chris Bloomstran, Adam Mead, and Todd Finkle discussed the conglomerate. Todd Finkle, the author of "Warren Buffett: Investor and Entrepreneur," emphasized the unique nature of Berkshire's yearly gathering, which attracts tens of thousands of people from around the world. Meanwhile, Adam Mead, the author of "The Complete Financial History of Berkshire Hathaway," touted the underlying value of Berkshire Hathaway Energy, and the savvy structure of Buffett's conglomerate. "Berkshire Hathaway Energy is going to become a powerhouse over the next decade.
Elon Musk has disposed of almost $40 billion of Tesla stock in under 14 months. That figure vastly exceeds Tesla's $9 billion of net income in the nine months to September. Musk appears to have sold Tesla shares to cover tax bills, buy Twitter, and service debts. Bloomstran's remark underscores the massive scale of Musk's stock sales, relative to the size of Tesla's business. Since then, Tesla shares have more than halved in value.
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