Thursday September 17, 4:36 am Eastern Time
Berkshireholds $9 bln cash - WSJ
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NEW YORK, Sept 17 (Reuters) - Warren Buffett, chairman of Berkshire Hathaway Inc., disclosed his company is sitting on $9
billion in cash at the present time, the Wall Street Journal reported Thursday.
The well-known value investor said ''it's always beneficial for us when the market goes down,'' the report said.
The market's recent slide ''hasn't been dramatic,'' Buffett added, according to the report. ''If the market declines significantly, you can be pretty sure that we won't
have $9 billion in cash when we meet next year,'' he said, according to the report.
Buffett said the company's cash position is the largest Berkshire has ever held on a dollar basis, the Journal reported.
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