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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Investor2 who wrote (1098)9/18/1998 10:40:00 AM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
I2: It is time to call in our resident Buffett expert -- Ms. Lars. My question: what percentage of Buffet's total holdings are in cash and when did he raise the cash. The media is giving this a negative spin in that it is somehow bearish that Warren has cash. Give me a break. Warren might always have cash for all we know and this might not be anything unusual. Moreover, he is looking to put it to work. I think that is the real story. How many times has anyone heard from Warren that he is looking to put cash to work albeit at a lower level whatever that means? Without knowing anything else, I would have to view it as a contrary indicator. Come on Lars, time to get out of bed, adjust your perm and give us some insight.
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