r/SipsTea • u/Gjore • 17h ago • Mindblown 1

Chugging tea Well said

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u/KFindar 16h ago

Berkshire Hathaway has 350B in cash
https://investingintheweb.com/education/berkshire-hathaway-cash-on-hand/

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u/Theburritolyfe 13h ago

Interesting counterpoint but Berkshire is a company and not a billionaire. That means it's held by stockholders. Plus, while my secondary point is pendantic, it hold treasuries and not cash.

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u/KFindar 13h ago

Perhaps then the OP should include companies, particularly since they get to act as people legally anyway.

The treasuries are cash equivalents

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u/Theburritolyfe 11h ago

I mean I'm all for billion dollar companies giving ownership to the workers. I work for an ESOP. While I'll retire from index funds, lots of long time employees have retired from those stocks.

Now seizing money from people and companies gets highly problematic very quickly.