A smart move in my opinion. Volatility creates opportunity, most tech stocks are wildly over valued (including Apple), American banks are carrying a lot of treasuries that are well underwater that they don't mark to market, and a cash position of $275 billion or so puts BRK in a great position.
Yen carry trade unwinding ? or no?
Michael, what are your thoughts on Buffet liquidating equities and increasing his cash position to 30% of BRK value.
A smart move in my opinion. Volatility creates opportunity, most tech stocks are wildly over valued (including Apple), American banks are carrying a lot of treasuries that are well underwater that they don't mark to market, and a cash position of $275 billion or so puts BRK in a great position.