The world’s most famous value investor is sitting on an enormous cash pile. Warren Buffett’s conglomerate Berkshire Hathaway currently holds more than $325 billion in cash and equivalents, according to the firm’s quarterly financial statements, most of it in U.S. Treasury bills.
Everyone wants to know why. Is he cashing out because he sees an unstable market priced too high? Are there no opportunities presenting themselves to him? Is he making way for a successor?
