Why is Berkshire Hathaway Hoarding Cash?

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The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 24 April 2025

⏱️ 27 minutes

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Summary

Warren Buffett’s conglomerate has more cash on the books than any company in history. (00:21) Matt Argersinger and Ricky Mulvey discuss: - What home sales data says about the economy. - A traffic slowdown at Chipotle, and the restaurant chain’s strong unit economics. - The reasons why Warren Buffett could be sitting on record cash. Then, (17:06) Mary Long and Asit Sharma continue their conversation about AMD, and discuss the impact of tariffs and export controls on the chip designer. Companies discussed: DHI, CMG, BRK.A, BRK.B, AMD Host: Ricky Mulvey Guests: Matt Argersinger, Mary Long, Asit Sharma Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Berkshire Hathaway is sitting on more cash than any company in history.
0:09.6	Huh.
0:10.1	You're listening.
0:10.9	It's Motley Full Money.
0:20.7	I'm Ricky Mulvey, joined today by Matt Argusinger.
0:23.4	Matt, thanks for being here.
0:24.9	Hey, great to be here, Ricky.
0:26.8	Good to have you on a day where we're getting some home sales data.
0:30.2	And as I was looking through the headlines this morning,
0:32.4	I got three headlines that all of which seemed to be telling different stories.
0:36.7	From CNBC, home sales last month
0:39.5	dropped to their slowest March pace since 2009. From Bloomberg, U.S. new home sales
0:45.7	top all estimates on surge in the south. And from the Wall Street Journal, home sales in
0:51.2	March fell about 6%. Biggest drop since 2022.
0:55.9	Which one are you buying here?
0:58.1	I'm going to buy the CNBC headline only because I love data points that go back way long in time.
1:04.6	And the fact that we're at the slowest sales pace since 2009, I mean, remember from a moment where we were in 2009. Oh,
1:13.5	that's right, in the midst of a global financial crisis caused in part by a housing crash.
1:18.7	So if you're telling me that we're at the slowest pace of home sales since that period of time,
1:24.0	that's going to get my attention. So I'm definitely buying the CNBC version of
1:28.2	this story. And also pointing out that it's the March one. So we're only doing every March from
1:32.7	this year. So there's a little bit of trickiness within the way they're positioning this. I want to
	...

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