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Why Warren Buffett has built a mighty cash mountain (www.economist.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 1 month ago* (last edited 1 month ago) (1 children)

Before even reading the article:

Let me guess, he has a whole lot of cash because he recognizes that the US and world economy are actually in outstandingly precarious positions, that no one is properly evaluating risk, thus investment in basically anything is looking too risky?

EDIT: Oh right, I need a subscription. Nevermind I guess.

[–] n3m37h 0 points 1 month ago* (last edited 1 month ago)

And he pays nearly 0 taxes, that helps more

https://finance.yahoo.com/news/warren-buffett-0-1-tax-210043770.html