For 4Q22 and full year guidance for 2023 for Berkshire Hathaway, this is where that is being tracked.
One of the criticisms has been that Buffett and Munger are building a cash horde but not putting that cash to work, as they say.
This article provides a bit of insight.
This explains a lot:
Berkshire Hathaway — and every other major name in finance — is somewhat limited in what it can do. By law, major financial institutions and billionaire investors can’t buy more than 5% of a company without submitting a 13-D filing as a beneficial owner to the Securities and Exchange Commission and all of the headaches that come with it.
This essentially shuts Buffett out of the world of microcap investing — unless Berkshire Hathaway decides to jump through those regulatory hoops. And even if the company chose to do so, and uncovered a 10 times opportunity, the upside would be barely noticeable to Berkshire Hathaway. If a $2 million stake turned into $20 million, that wouldn’t move the needle for a company that collects hundreds of millions of dollars in dividends each year from its stake in Coca-Cola alone.
In addition, Buffett does not do hostile takeovers. That's also huge.
Now, think about that. If you are a 30-year-old investor, how should this affect your investing strategy?
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