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.
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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.