I just really need everybody to understand that everything that’s happening in and to the global economy now (and all the businesses and people in it) is the entirely predictable result of the intentional decisions of one guy who doesn’t understand how the global economy works.
So, Kai, how bad is it right now? On a scale off “actually it’s fine” 1 to “global economic catastrophe for a generation” 10.
Try this as a litmus test: Berkshire Hathaway is currently holding nearly 1/3 of is market cap in cash.
May 10, 2025 17:27American dollars? Or have they diversified?
I think usually that’s stated as “Cash and equivalents” on the balance sheet. The precise breakdown I don’t believe is required for their public financial reporting.
