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cover of episode Why is Berkshire Hathaway Hoarding Cash?

Why is Berkshire Hathaway Hoarding Cash?

2025/4/24
logo of podcast Motley Fool Money

Motley Fool Money
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A
Asit Sharma
金融分析师，专注于市场趋势和公司表现分析。
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Matt Argersinger
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我注意到伯克希尔哈撒韦公司持有巨额现金，这引发了人们对巴菲特投资策略和宏观经济走势的诸多猜测。我认为这并非因为巴菲特年事已高或为了接班人规划，而是因为他认为市场估值过高，正在为市场回调做准备。他通过市场市值与GDP比率等指标判断市场估值过高，甚至高于互联网泡沫时期。因此，伯克希尔哈撒韦公司持有巨额现金是为了应对未来的市场回调，等待市场出现大幅波动，以便进行大规模投资，就像他过去那样。他希望在市场出现重大变化时能够抓住机会进行大规模投资，这需要大量的现金储备。我认为巴菲特对美国经济的未来仍然持乐观态度，但他同时也看到了潜在的风险，并正在为应对这些风险做好准备。

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Shownotes Transcript

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

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