Why is Berkshire Hathaway sitting on $137B in cash?

#1

Post by sunnykgupta » Mon, Jul 06, 2020, 2:01 PM UTC

Why is Berkshire Hathaway sitting on $137B in cash?
eachlist.com

Re: Why is Berkshire Hathaway sitting on $137B in cash?

#2

Post by sacks2k » Mon, Jul 06, 2020, 2:06 PM UTC

Because they are waiting for and most likely predicting a bloodbath in terms of crashing stocks..and then they will buy what's left at a fraction of what it's worth.

Re: Why is Berkshire Hathaway sitting on $137B in cash?

#3

Post by sunnykgupta » Mon, Jul 06, 2020, 2:09 PM UTC

sacks2k wrote: post #2

Because they are waiting for and most likely predicting a bloodbath in terms of crashing stocks..and then they will buy what's left at a fraction of what it's worth.

They finally bought Dominion Energy Inc's assets for a whooping 9.7 Billion announced over the weekend.

Re: Why is Berkshire Hathaway sitting on $137B in cash?

#4

Post by stepstop » Mon, Jul 06, 2020, 2:11 PM UTC

This article only has a few sentences, and it doesn't answer the question. The headline is the information

Re: Why is Berkshire Hathaway sitting on $137B in cash?

#5

Post by sunnykgupta » Mon, Jul 06, 2020, 2:18 PM UTC

stepstop wrote: post #4

This article only has a few sentences, and it doesn't answer the question. The headline is the information

Agreed, though the fact conveyed by the title itself was a surprise to me.

Why would a company keep such a large amount of cash in hand? Especially when we saw a big enough dip in many scrips. Tech has more than recovered.

I am an author for the technology blog on this website.

Re: Why is Berkshire Hathaway sitting on $137B in cash?

#6

Post by mtmail » Mon, Jul 06, 2020, 2:25 PM UTC

sunnykgupta wrote: post #5

stepstop wrote: post #4

This article only has a few sentences, and it doesn't answer the question. The headline is the information

Agreed, though the fact conveyed by the title itself was a surprise to me. Why would a company keep such a large amount of cash in hand? Especially when we saw a big enough dip in many scrips. Tech has more than recovered. I am an author for the technology blog on this website.

HN profile points to a blog, which points to a linkedin page for Sunny R Gupta. Twitter user Sunny R Gupta is the only follower of the website's account. Also an author on the website https://eachlist.com/members/sunny_r_gupta/ Meanwhile the author of the article Stella Dankworth uses a profile image that I can find as stock photo on hundreds of websites. What I'm trying to say is the title is likely not a surprise to the user.