Warren Buffett’s company has built a record $157 billion cash pile so he can capitalize when the economy tanks, veteran professor Steve Hanke says

Warren Buffett.AP Images

  • Warren Buffett’s Berkshire Hathaway has built a record $157 billion pile of cash and Treasuries.

  • Buffett is gearing up to snag bargains and strike deals once the economy weakens, Steve Hanke says.

  • The investor famously capitalizes on crises, and he benefits from higher rates, Hanke says.

Warren Buffett has amassed a record amount of cash so he’s ready to scoop up bargains and strike attractive deals when the American economy descends into turmoil, Steve Hanke says.


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