Warren Buffett's still got it. You're listening to Motley Fool Money.

I'm Ricky Mulvey, joined today by Jim Gillies. Jim, how you doing? Good to see you.

That's good to be seen, Ricky. Thanks. We're five years away from the COVID time, and it's time to check

in on some of the cycles of long-term investments. And I think Berkshire Hathaway is a good one to talk about.

You were talking about it yesterday or a couple of days ago on the morning show

because there is something kind of surprising for this business

that is keeping about one-third of its market cap in cash.

NASDAQ up about 170%, S&P up a little less than 140%. Berkshire Hathaway,

200%, a three-bagger over this five-year time, outperforming the tech stocks, outperforming

the broad index. Any reflections on that? And maybe why the cash isn't a drag here. You always hear

about that. Cash is a drag on your investments. Not the case at Berkshire Hathaway.

Sure. And yeah, I found this little factoid as well yesterday when I was going through the

Globe Mail over breakfast and Berkshire tripled over the past five years.

I said, what? And I went and looked and like, huh, it has, which is interesting because it's both my

longest held stock as well as my largest personal holding. So it works really well when you just

kind of ignore your largest personal holding and let the magic continue happening. Now, I think a lot of

the cash, while significant, a lot of the cash,

while significant, a lot of the performance, I think, you can probably chalk up to how well

the Apple investment worked out for Berkshire. A lot of that cash has been raised in the last year,

as Buffett has dramatically scaled down the amount of money invested in Apple.

Well, he still got a fairly significant piece there. As well, I think, you know, you want to look

at a few of the things that Buffett has been invested into that have not worked out, because

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