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https://www.cnbc.com/2023/11/04/berkshire-hathaway-brk-earnings-q3-2023.html

Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion​


Why so much cash on the sidelines ?
What EXACTLY are you implying?

I tell you, despite the good earnings, they are just large they can't move quickly. They have to hold cash, which is fine to a point. But they are doing their long term investors a disservice.

I am guessing you think it's all about some coming dive, and there very well will be, but man.................another ST doom prediction?

Think about your Dimon prediction above.
 
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion

Why so much cash on the sidelines ?

Someone probably advised him not to buy any more stocks after seeing this . >>>>>>>>

Screenshot 2023-11-04 at 13-23-26 Berkshire Hathaway posts a 40% jump in operating earnings c...webp
 
Pablo,

I‘m implying the large cash position has me wondering….


Back in late 2019 he had $130B cash on the sidelines and I sent a PM to a few on here about the:
- Yield inversion
- Slowing economy
- Crazy debt bubbles
- Phony economic data getting revised
- Over inflated stock market / stock buy-backs
- Banking problems, over $100B in nightly Fed repos
- ETC, … etc….

All this bad news disappeared when a mysterious illness from China first appeared in a Seattle nursing home.

We have similar problems as we did back in 2019.
 
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Pablo,

I‘m implying the large cash position has me wondering….


Back in late 2019 he had $130B cash on the sidelines and I sent a PM to a few on here about the:
- Yield inversion
- Slowing economy
- Crazy debt bubbles
- Phony economic data getting revised
- Over inflated stock market / stock buy-backs
- Banking problems, over $100B in nightly Fed repos
- ETC, … etc….

All this bad news disappeared when a mysterious illness from China first appeared in a Seattle nursing home.

We have similar problems as we did back in 2019.
So?
 
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https://www.cnbc.com/2023/11/10/sur...es-say-they-are-part-of-the-middle-class.html


Overinflated home prices made many people net worth millionaires on paper.
Wealth or wealthy is in the eye of the beholder I suppose - from what you linked:
Of those making more than $175,000 a year, or roughly the top 10% of tax filers, one-quarter said they were either “very poor,” “poor” or “getting by but things are tight.”

Even a share of those making more than $500,000 and $1,000,000 said the same.
and
Most people said they would need $1 million in the bank, although high-net-worth individuals put the bar much higher. More than half said they would need more than $3 million, and one-third said it would take more than $5 million, Edelman Financial Engines found.

When it comes to their salary, Americans said they would need to earn $233,000 on average to feel financially secure, according to a separate Bankrate survey. But to feel rich, they would need to earn nearly half a million a year, or $483,000, on average.
No mention of the age or distribution of age of folks in the survey. Edit, linked bankrate page gets into age groups a bit more.
 
https://www.google.com/amp/s/www.bu...paycheck-high-earners-millennials-2023-11?amp

Just learned a new acronym, HENRY. High Earner, Not Rich Yet. An article quoted the CEO of Stash Wealth (a "New Age" investment firm) that many Gen Z HENRYs are saving too much and not spending enough. Being a proponent of FIRE, crazy talk, says I. Read some other articles and it seemed the CEO's position was not represented accurately. Apparently, spending more now means don't hold off on starting a family or buying a house to stuff a ton of extra money into retirement accounts. That makes a bit more sense to me.
 
https://www.cnbc.com/2023/11/10/sur...es-say-they-are-part-of-the-middle-class.html


Overinflated home prices made many people net worth millionaires on paper.
The metric indicated $1MM of investable assets I think. If so that means next to nothing. It doesn’t make one rich, or really have any bearing on spendable or investable income. I see it very plausible that many folks would be barely scraping by. Especially in high cost areas where they’re taxed to death but have incomes way above the average.
 
Overinflated home prices made many people net worth millionaires on paper.
The house thing is funny... Homeowners saw their home value increase past $1M; some used that money as their piggy bank to look good. Kinda sad, if ya ask me. Glad I don't look good... Ha! Having a home free and clear makes me feel wealthy, I can tell you that much.
 
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