SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%Dec 12 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: robert b furman who wrote (21125)11/3/2024 10:51:01 AM
From: Kirk ©  Read Replies (1) of 26769
 
Do you think Buffett is running something like the CLX or is aware of it with all the people managing his company?

I calculate his cash position is 33% of market cap... I think typically it is 20%.

finance.yahoo.com

Market Cap (intraday) = $974.266B

link.cnbc.com
During the third quarter, Berkshire's already enormous cash pile increased by 17% to a record $325.2 billion.

That's substantially more than the equity portfolio's value of roughly $285 billion. It is presumably the first time that has happened.

Is Buffett worried about the health of the stock market or U.S. economy? Is he preparing to do a really, really big acquisition? Was the Apple position just too big? Is it all to avoid a potential future increase in capital gains taxes?

We just don't know.
I think we do know. He sees the irresponsible spending to buy votes will lead to higher corporate taxes, especially after the Trump tax cut expires, so he's raised cash to book profits and use to pay the taxes at the lower rate.

Also being a democrat who hasn't endorsed Harris, I think he views a Trump win as also inflationary and bad for business if the tariffs are as large as promised. Personally, I wish politicians would say what they actually believe and will do rather than whatever BS they think the audience wants to hear to get their vote.

It also shows why high taxes and uncertainty are bad for business. This is billions of private sector dollars that could go into the economy rather than making weapons or paying off student loans.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News