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Berkshire Hathaway has enough cash to theoretically buy every NFL team

Berkshire Hathaway has enough cash to theoretically buy every NFL team

Iconic investor Warren Buffett and his loyal lieutenants have been busy over the warmer months, having sold $36 billion worth of stock holdings in Q3, taking the Berkshire Hathaway’s cash pile north of $325 billion.

By holding that much cash and cash equivalents, Buffett and co. are signalling something along the lines of: we don’t think there are a lot of compelling places to invest right now. And with that much money, not many opportunities are out of reach — there are only a few dozen companies in the US that the group couldn’t acquire outright.

For context on just how much cash it is, the world’s richest person spent “just” $44 billion acquiring Twitter in 2022, Starbucks’ market cap is about one-third of the cash pile, and buying America’s largest news organization wouldn’t take more than ~3% of the company’s hoard. It’s also enough to buy every single one of the 32 teams in the NFL at a 50% premium to their current valuation (which are collectively valued at ~$208 billion, per CNBC).

See the full article here.