Warren Buffett expects Berkshire Hathaway's cash pile to hit more than $200 billion this quarter.
The investor can't find assets worth buying and seems to see "storm clouds" ahead, Steve Hanke said.
"Cash is king, and given what Buffett is being paid to hold it, the king is not going hungry," he said.
AdvertisementWarren Buffett is building a cash pile as he probably can't find anything worth buying, and may be bracing for a tempest to hit, says Steve Hanke.
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Persons:
Warren Buffett, Steve Hanke, Cash, Buffett, —
Organizations:
Berkshire, Service, Johns Hopkins University, Business, Buffett, Apple
Locations:
Berkshire