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Why Warren Buffett has built a mighty cash mountain (www.economist.com)

submitted 2 weeks ago by tuxbot@infosec.pub to c/economy@lemmy.world

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[–] sp3tr4l@lemmy.zip 4 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Before even reading the article:

Let me guess, he has a whole lot of cash because he recognizes that the US and world economy are actually in outstandingly precarious positions, that no one is properly evaluating risk, thus investment in basically anything is looking too risky?

EDIT: Oh right, I need a subscription. Nevermind I guess.

[–] n3m37h@sh.itjust.works 0 points 2 weeks ago* (last edited 2 weeks ago)

And he pays nearly 0 taxes, that helps more

https://finance.yahoo.com/news/warren-buffett-0-1-tax-210043770.html