Posted 9/7/2023, 1:30:00 PM

Warren Buffett's cash mountain is bigger than Disney after its epic stock plunge

Warren Buffett's Berkshire Hathaway has amassed a near-record $147B cash pile, now worth more than all of Disney.
Berkshire boosted its reserves as Disney stock plunged 60% from its peak, hammered by disruptions and controversies.
Buffett is struggling to find bargains to invest in, while Disney battled closures, supply issues, and fights with politicians.
Berkshire's cash has swelled as Buffett sold $29B more stocks than he bought over the past year.
Buffett wants ample reserves to weather crises and pounce on opportunities, as he did during the 2008 financial crisis.

businessinsider.com

Relevant topic timeline:

8/29/2023

Kevin O’Leary Says Warren Buffett Selling $8 Billion Worth of Stock Is Almost Meaningless and Won’t Crash the Stock Market

Warren Buffett's recent sale of $8 billion worth of stock is seen by some as a precautionary move against an upcoming recession, while others believe it is simply a diversification strategy and that the market is not concerned; however, Kevin O'Leary predicts chaos for the U.S. economy due to potential interest rate hikes.

8/30/2023

Legendary investor Warren Buffett is turning 93, meaning he's earned over $3.5 million every day of his life. Here's how much things have changed in that time

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8/30/2023

Warren Buffett once said ‘a house can be a nightmare if the buyer’s eyes are bigger than his wallet’ but thinks his $31,500 investment is one of his best

Warren Buffett considers his Omaha home, purchased for $31,500 in 1958, to be one of the best personal investments he has made, now worth over $1.4 million, showcasing his frugality and long-term investment strategy.

9/14/2023

Buffett Sells Some of Berkshire's Stake in HP as PC Maker Faces Growth Headwinds

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Warren Buffett's Top 5 Tips for Valuing Time Over Money

Warren Buffett values time more than money and believes that money can buy time for the average person through wise saving, investing, and planning for retirement. He also emphasizes the power of compound interest in growing wealth over time.

10/4/2023

Billionaire Buffett's Frugal Ways: McDonald's Coupons and Modest Homes

Warren Buffett, one of the richest men in the world, exemplifies frugality by using coupons at McDonald's and living in the same house he bought for $31,500 in 1958, all while planning to donate over 99% of his fortune to philanthropic causes.

10/4/2023

Berkshire Hathaway's Buffett Climbs to #4 on Forbes' Richest Americans List as Net Worth Soars to $121 Billion

Warren Buffett has moved up to the fourth spot on Forbes' "Richest People in America" list for 2023 with a net worth of $121 billion.

Posted 9/7/2023, 1:30:00 PM

Warren Buffett's cash mountain is bigger than Disney after its epic stock plunge

Warren Buffett's Berkshire Hathaway has amassed a near-record $147B cash pile, now worth more than all of Disney.
Berkshire boosted its reserves as Disney stock plunged 60% from its peak, hammered by disruptions and controversies.
Buffett is struggling to find bargains to invest in, while Disney battled closures, supply issues, and fights with politicians.
Berkshire's cash has swelled as Buffett sold $29B more stocks than he bought over the past year.
Buffett wants ample reserves to weather crises and pounce on opportunities, as he did during the 2008 financial crisis.

businessinsider.com

Relevant topic timeline:

8/29/2023

Kevin O’Leary Says Warren Buffett Selling $8 Billion Worth of Stock Is Almost Meaningless and Won’t Crash the Stock Market

8/30/2023

Legendary investor Warren Buffett is turning 93, meaning he's earned over $3.5 million every day of his life. Here's how much things have changed in that time

8/30/2023

Warren Buffett once said ‘a house can be a nightmare if the buyer’s eyes are bigger than his wallet’ but thinks his $31,500 investment is one of his best

9/14/2023

Buffett Sells Some of Berkshire's Stake in HP as PC Maker Faces Growth Headwinds

9/18/2023

Warren Buffett's Top 5 Tips for Valuing Time Over Money

10/4/2023

Billionaire Buffett's Frugal Ways: McDonald's Coupons and Modest Homes

10/4/2023

Berkshire Hathaway's Buffett Climbs to #4 on Forbes' Richest Americans List as Net Worth Soars to $121 Billion

Warren Buffett has moved up to the fourth spot on Forbes' "Richest People in America" list for 2023 with a net worth of $121 billion.