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

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  • 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.

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Source:: BusinessInsider.Com