Business
Warren Buffett’s Company Holds More Cash Than Stocks. The Number for Your Own Cash Is Much Smaller, and Buffett Wrote It Down
Source: 24/7 Wall St|
1 min read
Berkshire's third-quarter report shows $377.4 billion in cash and Treasury bills against $335.5 billion of stocks. Buffett's own letters say what that pile is for. Here is how much cash a retired couple with $2.4 million and $4,300 a month in Social Security should hold, where to keep it, and why the answer is 14%, not Berkshire's 31%.