As the stock market closed on Valentines Day there was “much love like Wimbledon” (tennis, love… get it?) for Warren Buffett’s Berkshire Hathaway stock. The company’s shares have reached an all time high. Hathaway’s class A stock closed at $250,412 per share, bringing the value of the company to $412 billion. Claude have mercy!
At the current rate, Berkshire’s cash pile could top $100 billion by the second half of this year, he said, giving Mr Buffett “a lot of dry powder” to make large and potentially value-enhancing acquisitions.
Hmmm, so you’re telling me Warren is keeping almost 25% of the company’s market value in cold hard cash? What’s he keeping so much dinero on the side for? Could it be to weather a coming recession? They do tend to occur every 10 years or so… Remember the Great Recession of 2008?