Fisher Investments founder Ken Fisher analyzes the recent volatility in the stock market on ‘Making Money.’
Warren Buffett’s Berkshire Hathaway is currently sitting on a massive reserve of short-term U.S. Treasury bills that exceeds the amount of the securities held by the Federal Reserve.
The company announced in its latest earnings report that it has $234.6 billion in short-term Treasury bills on its books — a sizable increase from the $130 billion it held at the end of last year and an amount that surpasses the $195 billion in T-bills held on the Federal Reserve’s balance sheet.
Treasury bills are U.S. government-issued securities that have a duration ranging from four weeks at the low end to 52 weeks at the upper end. Investors who hold U.S. Treasurys earn interest on those bonds and the proceeds are exempt from state and local taxes.
Berkshire increasing its holdings of Treasury bills comes after the conglomerate…
