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Strategies & Market Trends : Treasury Bills, Notes & Bonds of all types

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Smart_Asset
To: Smart_Asset who wrote (1052)5/6/2024 4:29:55 PM
From: Broken_Clock1 Recommendation   of 1138
 
Earning 5%-plus risk free while waiting for bad stuff to happen. “I don’t think anyone sitting at this table has any idea how to use it [the cash] effectively, and therefore we don’t use it,” Buffett said.

“We’d love to spend it, but we won’t spend it unless we think we’re doing something that has very little risk and can make us a lot of money,” he said.

“We only swing at pitches we like,” he said. And right now, they’re not liking anything other than T-bills.

“As the world gets more sophisticated, complicated and intertwined, more can go wrong,” and the company wants to be able to “act when that happens,” he said. Waiting for a big drop in share prices, to put this cash to work at reasonable price levels?

I'm feeling better with that snippet.
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