In his letter to shareholders, Buffet moans that he’s got $43 billion that he doesn’t know what to do with. Why add another $1.5 billion of cash to the balance sheet?
He’s probably earing a higher rate on his $43 Billion than he’s paying on the $1.5 Billion. There also may be some tax advanatges for the business he’s borrowing it for.
What’s up with this Fitch? Is it just me, or do they have an ax to grind with Berkshire & Buffett?
In his letter to shareholders, Buffet moans that he’s got $43 billion that he doesn’t know what to do with. Why add another $1.5 billion of cash to the balance sheet?
He’s probably earing a higher rate on his $43 Billion than he’s paying on the $1.5 Billion. There also may be some tax advanatges for the business he’s borrowing it for.