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:
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Organizations:
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Locations:
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