Thank you for that. It’s much appreciated.
Will be interesting to see how much cash Berkshire has a year from now and the effect on owner earnings. He (Mr Buffett) may well be early deploying the dry powder. If markets keep going down, seems a good chance he will invest another $50 Billion plus free cash flow which is also large.
Big moves in Q1. Starting to get opportunities and doesn’t like cash.
He was early in 2007.
He was concerned about the pandemic from a risk management perspective in 2020.
Equities beginning to make more sense over cash. Especially oil.
Although he is super conservative and avoiding going broke is less likely with $100 Billion in cash. Who knows. As he has said before you won’t like it when we use the cash so there are pros and cons.