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Warren Buffett may be hoarding $128 billion to reassure investors if he gets sick again

warren buffet charlie mungerREUTERS/Rick Wilking

  • Warren Buffett and Charlie Munger may be hoarding cash in case they get sick and need to reassure investors, Bill Smead told Yahoo Finance this week.
  • "When one of them has a medical malady, they've got that bazooka loaded to buy back Berkshire Hathaway stock if people panic," said the founder and investment chief of Smead Capital Management.
  • Berkshire boasted $128 billion in cash and liquid assets at the end of September, a 15% increase from the end of 2018.
  • View Business Insider's homepage for more stories.

Warren Buffett may be hoarding cash in case he's hospitalized and needs to reassure his shareholders, Bill Smead, the founder and investing chief of Smead Capital Management, told Yahoo Finance this week.

Buffett's Berkshire Hathaway boasted $128 billion in cash and liquid assets at the end of September, a 15% increase from the end of last year, the conglomerate's last earnings report showed.

See the rest of the story at Business Insider

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