{"id":24702,"date":"2017-08-07T10:20:59","date_gmt":"2017-08-07T14:20:59","guid":{"rendered":"http:\/\/angry.net\/blog2\/?p=24702"},"modified":"2017-08-07T10:20:59","modified_gmt":"2017-08-07T14:20:59","slug":"poor-warren-buffet-has-a-problem","status":"publish","type":"post","link":"https:\/\/angry.net\/blog2\/?p=24702","title":{"rendered":"Poor Warren Buffet has a problem"},"content":{"rendered":"<p>Good day all. It seems that Warren Buffet has a problem. The company he runs, Berkshire Hathaway Inc. is sitting on almost $100 billion dollars in cash.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/03\/shocked-face.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-20636\" src=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/03\/shocked-face-300x225.png?resize=300%2C225\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/03\/shocked-face.png?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/03\/shocked-face.png?w=400&amp;ssl=1 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><!--more--><\/p>\n<p>Buffet\u2019s company is basically a conglomerate that has other companies inside it. Buffet has managed to buy many profitably companies which is why, for him anyway, it looks like money is growing on trees. Here are some of the details <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-07\/buffett-nears-a-milestone-he-doesn-t-want-100-billion-in-cash\" target=\"_blank\" rel=\"noopener\"><b>from Bloomberg Market<\/b>s<\/a>:<\/p>\n<p style=\"padding-left: 30px;\"><b><a href=\"https:\/\/www.bloomberg.com\/quote\/BRK%2FA:US\" target=\"_blank\" rel=\"noopener\">Berkshire Hathaway Inc.<\/a>, the conglomerate he\u2019s run for more than five decades, reported Friday that it held just shy of $100 billion in cash at the end of the second quarter. <\/b><b>While that figure highlights the staggering money-making ability of the businesses he\u2019s collected over the years, it\u2019s also a burden. Because Berkshire doesn\u2019t pay a dividend and rarely buys back its own stock, Buffett is on the hook to find ways to invest those funds. <\/b><\/p>\n<p style=\"padding-left: 30px;\">\u201c<b>To put that money to work would be great,\u201d said David Rolfe, chief investment officer at Wedgewood Partners, a money manager overseeing about $6 billion including Berkshire stock. But the \u201clist of companies that he would like to own is very, very small.\u201d <\/b><\/p>\n<p>Well, if he has a problem with what to do with all that cash, I have a few suggestions. He could donate it to my favorite charity, me. Or he could actually pay some taxes for a change. Why he can even send the whole amount to the United States Treasury to help pay down the debt. Of course, that would mean he would actually have to do things he wants other people to do, and won\u2019t do himself.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/11\/totally-shocked.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-22809\" src=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/11\/totally-shocked-300x200.jpg?resize=300%2C200\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/11\/totally-shocked.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/11\/totally-shocked.jpg?w=400&amp;ssl=1 400w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"padding-left: 30px;\"><b>Buffett, 86, addressed the mounting cash pile at Berkshire\u2019s annual meeting in May, saying he hadn\u2019t put his \u201cfoot to the floor\u201d on an acquisition for a while and shouldn\u2019t keep so much money earning next to nothing for long periods. The war chest includes some cash-like securities, such as Treasuries. <\/b><\/p>\n<p>What Buffett might want to consider is paying a dividend. Many companies pay dividends to their shareholders. Those companies that don\u2019t are either having some cash flow problems, or just like to horde their cash and guard it with dragons or something.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/i0.wp.com\/s-media-cache-ak0.pinimg.com\/originals\/60\/5e\/ee\/605eee93fce5c9c6abe382e71843a9fe.jpg?resize=640%2C195&#038;ssl=1\" width=\"640\" height=\"195\" \/><\/p>\n<p style=\"padding-left: 30px;\"><b>Buffett has been finding a few places to invest. He <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-02-27\/berkshire-built-apple-stake-to-133-million-shares-buffett-says\" target=\"_blank\" rel=\"noopener\">built<\/a> a holding in Apple Inc. through the beginning of this year. Then, in June, Berkshire made two smaller equity investments. One was a stake in a real estate investment trust and the other propped up Home Capital Group Inc., an embattled Canadian mortgage lender. <\/b><\/p>\n<p style=\"padding-left: 30px;\"><b>Most significantly, Berkshire\u2019s utility arm struck a deal last month to buy Texas\u2019s largest electric utility for about $9 billion. The transaction its being challenged by Paul Singer\u2019s Elliott Management Corp., but completing it would make a sizable dent in the cash hoard. <\/b><\/p>\n<p>I\u2019m not that familiar with Berkshire Hathaway\u2019s holdings, but it\u2019s possible they might be running into potential anti-trust issues. I\u2019ll let others far more knowledgeable then I am comment on that possibility.<\/p>\n<p style=\"padding-left: 30px;\"><b>Lots more is bound to pour in. Berkshire posted $4.26 billion in net income for the second quarter. The results were down 15 percent from a year earlier, partly on an <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-08-04\/buffett-s-insurers-slump-dragging-down-berkshire-s-earnings\" target=\"_blank\" rel=\"noopener\">underwriting loss<\/a> at insurance businesses. But a number of Berkshire\u2019s other subsidiaries &#8212; from railroad BNSF to its collection of manufacturing businesses &#8212; posted gains. <\/b><\/p>\n<p>I think the Insurance losses might be due to Obamacare, but I can\u2019t say for certain. Buffett was a big booster of Obamacare when it was in the process of being shoved down our throats. He saw it as a way, like all the other insurance companies that pushed for it, as a direct pipeline into the wallets of the American people. Of course, it didn\u2019t work out that way and Obamacare is collapsing.<\/p>\n<p>As for the railroads, one of the things they do is transship oil products, everything from crude to gasoline. Buffett was big on blocking the construction of pipelines since they would eat into his freight business. Pipelines also tend to be a lot safer.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/01\/train-wreck.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-20143\" src=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/01\/train-wreck-250x300.jpg?resize=250%2C300\" alt=\"\" width=\"250\" height=\"300\" srcset=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/01\/train-wreck.jpg?resize=250%2C300&amp;ssl=1 250w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/01\/train-wreck.jpg?resize=768%2C922&amp;ssl=1 768w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/01\/train-wreck.jpg?resize=500%2C600&amp;ssl=1 500w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/01\/train-wreck.jpg?w=800&amp;ssl=1 800w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/a><\/p>\n<p style=\"padding-left: 30px;\"><b>Part of Buffett\u2019s challenge in finding new investments may be the years-long bull market. With stocks regularly setting records, it\u2019s simply harder to find attractive deals, said Jim Shanahan, an analyst at Edward Jones. The growing cash pile is also a sign of Buffett\u2019s willingness to wait for the right opportunities. <\/b><\/p>\n<p>Hello!?!? Feel free to invest here Warren! Just write a check for $25 million and I\u2019ll promise you a nice loss for your taxes. You aren&#8217;t actually expecting anything in return, right?<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/07\/Evil-Grin.jpg\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-21766\" src=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/07\/Evil-Grin-300x169.jpg?resize=300%2C169\" alt=\"\" width=\"300\" height=\"169\" srcset=\"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/07\/Evil-Grin.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/07\/Evil-Grin.jpg?resize=500%2C282&amp;ssl=1 500w, https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2016\/07\/Evil-Grin.jpg?w=625&amp;ssl=1 625w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"padding-left: 30px;\"><strong>One thing that could accelerate Berkshire\u2019s spending is a correction &#8212; or even a bear market, said Bill Smead, who oversees about $2.2 billion including Berkshire shares at Smead Capital Management. In the past, Buffett has pounced when companies or the broader economy runs into trouble, making investments on favorable terms.<\/strong><\/p>\n<p>I\u2019ve been seeing reports that the Dow is overdue for a correction and that we are going to have a recession. However, all these \u201cExperts\u201d have failed to understand that we never really got out of the last recession. Yes the Dow Jones is reaching ever new heights, but there has been an almost decade long disconnect between Wall Street and the real world.<\/p>\n<p>Now that President Trump is working hard to undo the damage done by the last four presidents, (Obama, Bush, Clinton and Bush), and slashing regulations, things seem to be improving for the average person. We have a long way to go of course, and people like Buffett and George Soros have no problem wrecking an economy for their own personal gain, will do all they can to keep President Trump from winning. The times are changing and I hope for the better. As for Buffett\u2019s cash problem?<\/p>\n<p><iframe loading=\"lazy\" title=\"Bobby McFerrin - Don&#039;t Worry Be Happy (Official Music Video)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/d-diB65scQU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Thatisall<\/p>\n<p><i><b>~The Angry Webmaster~<\/b><\/i><\/p>\n<p>[yasr_visitor_votes size=&#8221;large&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good day all. It seems that Warren Buffet has a problem. The company he runs, Berkshire Hathaway Inc. is sitting on almost $100 billion dollars in cash.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[176,141,100,71,157],"tags":[11,127,222,377,101],"class_list":["post-24702","post","type-post","status-publish","format-standard","hentry","category-economy","category-jobs","category-moonbat","category-news-of-the-day","category-obamacare","tag-america","tag-fascism","tag-good-idea-fairy","tag-maga","tag-news"],"views":700,"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":4744,"url":"https:\/\/angry.net\/blog2\/?p=4744","url_meta":{"origin":24702,"position":0},"title":"Warren Buffet, Billionaire hypocrite","author":"Angry Webmaster","date":"September 3, 2011","format":false,"excerpt":"Greetings all, I was wondering, how many of you have ever heard of Warren Buffett? He is the chairman and CEO of Berkshire Hathaway and one of the richest people in the world. It\u2019s estimated he\u2019s worth around $50 billion dollars.","rel":"","context":"In &quot;Crime&quot;","block_context":{"text":"Crime","link":"https:\/\/angry.net\/blog2\/?cat=3"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5199,"url":"https:\/\/angry.net\/blog2\/?p=5199","url_meta":{"origin":24702,"position":1},"title":"The &#8220;Buffett&#8221; Rules","author":"Angry Webmaster","date":"October 15, 2011","format":false,"excerpt":"Good afternoon all, Angry Webmaster here. Last month I wrote about Warren Buffett and what a hypocrite he is. Buffett has been screeching to Obama asking to have his taxes raised. I wrote about how it would be nice if he tried paying the $1 Billion he already owes.","rel":"","context":"In &quot;Moonbat&quot;","block_context":{"text":"Moonbat","link":"https:\/\/angry.net\/blog2\/?cat=100"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25899,"url":"https:\/\/angry.net\/blog2\/?p=25899","url_meta":{"origin":24702,"position":2},"title":"Fauxahontas refuses DNA test","author":"Angry Webmaster","date":"March 15, 2018","format":false,"excerpt":"Good day all. Senator Elizabeth Warren, (D-Mass), has a few nicknames. These nicknames came into being when it was learned that Warren lied on a form to get a better opportunity. Her lie? Claiming she had American Indian genes in her. Warren, who looks so Nordic Adolph Hitler would want\u2026","rel":"","context":"In &quot;History&quot;","block_context":{"text":"History","link":"https:\/\/angry.net\/blog2\/?cat=5"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2015\/08\/elizabeth-warren-native-american-indian-206x300.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6658,"url":"https:\/\/angry.net\/blog2\/?p=6658","url_meta":{"origin":24702,"position":3},"title":"How about a Global minimum Tax?","author":"Angry Webmaster","date":"February 14, 2012","format":false,"excerpt":"And the hits from the Obama tyranny just keep on coming. Last week Obama declared war on the Catholic Church as well as the 1st Amendment. This week, one of his nitwit advisers wants a global tax.","rel":"","context":"In &quot;liberty&quot;","block_context":{"text":"liberty","link":"https:\/\/angry.net\/blog2\/?cat=37"},"img":{"alt_text":"Barking Moonbat","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2010\/02\/barking_moonbat3.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":29889,"url":"https:\/\/angry.net\/blog2\/?p=29889","url_meta":{"origin":24702,"position":4},"title":"Fauxahontas Warren\u2019s tax plan brings 100% taxation","author":"Angry Webmaster","date":"November 21, 2019","format":false,"excerpt":"Good day all. The Democrats currently running for office have gone for the full communist model of government, with Comrade Bernie Sanders and Princess Little big Liar Warren leading the way. The problem for them, especially Warren, is people are actually reviewing her plans and calling her out on them.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/i.pinimg.com\/originals\/a7\/a1\/db\/a7a1db213edbd6d2f61f79fe3a5df899.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":43613,"url":"https:\/\/angry.net\/blog2\/?p=43613","url_meta":{"origin":24702,"position":5},"title":"Fighting back against the \u201cEcowarriors\u201d","author":"Angry Webmaster","date":"September 28, 2024","format":false,"excerpt":"Good day all. For decades the left has been using psuedo-science regarding the weather and environment. They claimed there was a hole in the ozone and that \u201cWe\u2019re all going to die!\u201d unless we spend a ton of money and suppress people\u2019s rights. Then it was global cooling and a\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/angry.net\/blog2\/?cat=176"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/angry.net\/blog2\/wp-content\/uploads\/2011\/12\/climatic-earth-300x134.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/24702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24702"}],"version-history":[{"count":4,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/24702\/revisions"}],"predecessor-version":[{"id":24706,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=\/wp\/v2\/posts\/24702\/revisions\/24706"}],"wp:attachment":[{"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/angry.net\/blog2\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}