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Buffett Says He Just Has Too Much Cash Lying Around

Billionaire investor Warren Buffett has a problem: Making so much money that he can’t invest it fast enough...
November 6, 2013

Billionaire investor Warren Buffett has a problem: Making so much money that he can’t invest it fast enough. It’s making him uncomfortable. Among many other things, Buffett owns GEICO – so he’s the one who writes all the checks that pay to put the green lizard in everyone’s face, constantly.

Buffett has said he likes to keep $20 billion on hand should his reinsurance operations need to pay large claims. But his Berkshire Hathaway Inc. is now sitting on $40 billion cash-in-hand. The money just keeps rolling in, even in a year in which the company has struck some of its largest deals. “It’s too much any time we have more than $20 billion,” Buffett lamented. Most of Berkshire’s cash is in treasuries, which generate little interest income. “But we sleep well.”

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