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re: Berkshire Hathaway sells 13% of AAPL stock. Now holding $189 Billion in Cash.
Posted on 5/5/24 at 9:45 pm to Oracle of Orlando
Posted on 5/5/24 at 9:45 pm to Oracle of Orlando
So I've always wondered what people do with 10s of millions of dollars+ of cash, but dang what does a company like Berkshire do with so much cash on hand?? Is there insurance the purchase to protect them like the FDIC does we pions of the world?
AAPL has struggled to break thru 200, so I guess that won't happen anytime soon. It's definitely looking to be a stale stock.
AAPL has struggled to break thru 200, so I guess that won't happen anytime soon. It's definitely looking to be a stale stock.
2
Posted on 5/6/24 at 9:02 am to HagaDaga
BRK purchases short term treasuries with their cash.
Posted on 5/6/24 at 11:29 am to HagaDaga
quote:
So I've always wondered what people do with 10s of millions of dollars+ of cash, but dang what does a company like Berkshire do with so much cash on hand?? Is there insurance the purchase to protect them like the FDIC does we pions of the world?
AAPL has struggled to break thru 200, so I guess that won't happen anytime soon. It's definitely looking to be a stale stock.
When you read "cash" re: Buffet, think t bills paying 5%.
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