Warren Buffett, who once claimed 'Cash is a bad investment,' is currently holding a record $334 billion in cash through Berkshire Hathaway. Despite his belief in investing in great businesses rather than hoarding cash, Buffett argues that worthwhile investments are currently too rare, overpriced, or already taken. His strategy is to patiently wait for better opportunities, embodying the principle 'be greedy when others are fearful.' Buffett’s significant cash reserve represents discipline, not indecision, amidst an overvalued market.
Category
🗞
NewsTranscript
00:00Warren Buffett once said cash is a bad investment, but he's sitting on a record
00:03$334 billion in cash. This is classic Buffett with a twist. In 2009, fresh off
00:09the financial crisis, Buffett told Charlie Rose, cash is like oxygen. You need it,
00:14but not too much. I'm unhappy when we have too much cash. Fast forward to now,
00:17Berkshire Hathaway is sitting on more cash than stock for the first time ever.
00:21Buffett hasn't changed his philosophy. He still believes in buying great
00:24businesses, not hoarding dollars. But he says those needle-moving companies,
00:27they're rare, overpriced, or already picked clean. So he's waiting. Patient. Calculate it.
00:32While others chase overvalued stocks, Buffett's building dry powder. Because in his words,
00:36be greedy when others are fearful. Cash may lose value over time, but bad investments lose faster.
00:40Buffett's $334 billion stash isn't indecision, it's discipline. Would you hold that much cash
00:46in today's market? Drop your take and follow Benzinga for more stories that decode how billionaires think.