4.2 • 5.3K Ratings
🗓️ 13 November 2024
⏱️ 16 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
| 0:00.0 | Warren Buffett is probably the most famous investor alive. |
| 0:09.8 | His company, Berkshire Hathaway, is worth more than a trillion dollars. |
| 0:14.6 | And the way he's made all that money is by playing the long game. |
| 0:18.9 | When he buys shares of a company, he tends to stay invested. |
| 0:22.6 | He once said that his favorite holding period |
| 0:24.5 | for a stock is forever. |
| 0:27.8 | But recently, Buffett, |
| 0:29.6 | who's 94 years old, |
| 0:31.3 | has been getting attention |
| 0:32.1 | for doing something that's totally out of character. |
| 0:34.8 | He's selling stocks |
| 0:36.0 | and hoarding giant piles of cash. |
| 0:40.2 | His cash level is extraordinary today. |
| 0:43.8 | That's our colleague Spencer Jacob. |
| 0:45.7 | He has built up cash and cash equivalence of $325 billion on the balance sheet of Berkshire |
| 0:51.9 | Hathaway. |
| 0:52.7 | Wow. Like if you were to stack up all these $1 bills, $325 billion bills, like, does that get you |
| 1:00.5 | like close to the moon? |
| 1:01.9 | Like, can you paper over the entire planet Earth with all this money? |
| 1:06.0 | Yeah, I think it gets you, if you, them end to end, I have not done the measurement. |
| 1:11.3 | I think it gets you to the moon or the sun or something crazy like that. |
| 1:15.2 | And I mean, you know, you imagine like Warren Buffett sitting in a bunch of money or gold or whatever |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.