Warren Buffett’s “Mystery Stock” And $167 Billion In Cash
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Berkshire’s (BRK-B) additional investment in its “Mystery” stock (“Banks, insurance, and finance”) apparently increased on a cost basis by $2.4 billion in Q4, in addition to $1.2 billion in Q3, for a total of at least $3.6 billion. (There was no corresponding change on its 13F for Q4).
Warren Buffett appears to be holding the bulk of his $167 billion in cash so as to be well positioned to buy at attractive prices the next time there is a major decline in financial markets such as from a recession or a financial crisis.
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