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’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.