AFSCME 3357-HOF'S BLOG

Warren Buffett has $36 Billion in cash, and that's just sad.

According to the New York Times, Warren Buffet reported that he is holding as much cash as he can due to uncertainty in the economy. This is just sad. Here's one of the smartest investors in the world, if not THE smartest, and he can't be confident of making more than a puny money market rate of return on his capital.

Needless to say, this keeps $36 Billion out of productive use. I think back to the Bible story where the father throws the son out of the house because he buries the money entrusted to him rather than putting it to productive use. Of course, money market funds are productive, but only to a degree.

Finally, what does this say about George W. Bush and establishment confidence in the Bush Economic Plan?



Buffett Has Cash Holdings of $36 Billion
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