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Reload this Page And now for something really important...SVB failure.
The Political Forum Discuss anything related to politics in this forum. World politics, US Politics, State and Local.

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Old 03-11-2023, 02:34 PM   #16
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Plus there is private deposit insurance. How do you think Warren Buffett stores his billions of cash?
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Originally Posted by bambino View Post
Great, can you pass along the companies that insure over a billion dollars in cash deposits? Who are they?
Hey, I'd be interested in learning how Warren does it too.

Is he simply buying T-bills directly and bypassing the banks? If you open a direct account with the US Treasury, is there any limit on the value of the securities in it? Does Warren use money-market funds to park any cash? If so, how does he protect himself against "breaking the buck", which happened when Lehman Bros. collapsed in Sept. 2008?

I'm too lazy to pull out the latest Berkshire Hathaway annual report, so I'll wait for VM to educate me. I did peek and see they're sitting on a total of $147 billion in cash right now.
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Old 03-11-2023, 02:39 PM   #17
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Or should I contact Warren myself?
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You should. You have something to insure?

In other words, you don't know the answer to your own question, do you VM?
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Old 03-11-2023, 02:50 PM   #18
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Hey, I'd be interested in learning how Warren does it too.

Is he simply buying T-bills directly and bypassing the banks? If you open a direct account with the US Treasury, is there any limit on the value of the securities in it? Does Warren use money-market funds to park cash? If so, how does he protect himself against "breaking the buck", which happened when Lehman Bros. collapsed in Sept. 2008?

I'm too lazy to pull out a recent Berkshire Hathaway annual report, so I'll wait for VM to educate me. I did peek and see they're sitting on a total of $147 billion in cash right now.
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In other words, you don't know the answer to your own question, do you VM?


2022 Annual Report
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Old 03-11-2023, 02:51 PM   #19
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Wrong.

As of now insured depositors will have access Monday to their insured deposits dollar for dollar.

Deposits above the insured amount will also start to be paid once the FDIC completes their work and determines bank assets. They could receive all deposits. It depends. Also another financial institution may make an offer to the FDIC for the bank assets.
Deposits are bank liabilities, not assets.
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Old 03-11-2023, 03:25 PM   #20
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Haha... thanks EU9500.

From a glance at page K-70:

As of 12/31/22, Berkshire Hathaway held $32.3 billion in cash + cash equivalents, plus $92.8 billion in short-term US T-bills.

Don't see anything about insuring the cash, a portion of which is held in demand deposit and money market accounts per the footnote on page K-75.

Not to worry... luckily we have VitaMan here to explain how Warren Buffett and Charlie Munger and Berkshire shareholders are protected in the event of a run on the institutions where those DDs and money market balances are held.

Go ahead, VM... the floor is yours!
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Old 03-11-2023, 03:31 PM   #21
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Originally Posted by lustylad View Post
Haha... thanks EU9500.

From a glance at page K-70:

As of 12/31/22, Berkshire Hathaway held $32.3 billion in cash + cash equivalents, plus $92.8 billion in short-term US T-bills.

Don't see anything about insuring the cash, a portion of which is held in demand deposit and money market accounts per the footnote on page K-75.

Not to worry... luckily we have VitaMan here to explain how Warren Buffett and Charlie Munger and Berkshire shareholders are protected in the event of a run on the institutions where those DDs and money market balances are held.

Go ahead, VM... the floor is yours!












Happy to play along.
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Old 03-11-2023, 03:48 PM   #22
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this is interesting, reports are now claiming that several investors in SVB and their portfolio might lose millions of dollars.


https://twitter.com/isource_news/sta...13085787316225


two names of note already being floated as impacted investors ..


Oprah Winfrey to the tune of possibly 590 Million.


Princess Harry and his alpha wife Megan. apparently they parked the bulk of his Netflix/book cash in a private account at SVB. now it's frozen and he can't draw on it for his living expenses.


BAAHHHA
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Old 03-11-2023, 04:34 PM   #23
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In a fast developing story:


Elon Musk is ‘open to the idea’ of buying Silicon Valley Bank as he lays Twitter payments groundwork


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Musk, who helped launch PayPal, took over Twitter for $44 billion in late October. He aims to add payments to the platform, which an acquisition of SVB would presumably help with.
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Old 03-11-2023, 04:41 PM   #24
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Mebbe he’ll buy it for 2 dollars a share like JP Morgan bought Bear Sterns.
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Old 03-11-2023, 04:47 PM   #25
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interesting. MuskRat wants to buy SVB and create a digital bank on twittybird. SVB itself was discreetly asking for capitol before the run and said 3.5 billion was their ask. this might be worth doing if MuskRat can grab SVB for only 4 billion spent.
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Old 03-11-2023, 04:54 PM   #26
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Default And now... for something completely different...
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In other words, you don't know the answer to your own question, do you VM?
Shhh!! I'm surprised the mods didn't point you for asking the obvious question without you posting your shocked face...
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Old 03-11-2023, 04:59 PM   #27
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Default The long and short of it
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... luckily we have VitaMan here to explain how Warren Buffett and Charlie Munger and Berkshire shareholders are protected in the event of a run on the institutions where those DDs and money market balances are held.

Go ahead, VM... the floor is yours!
I'd say you're long on expectations and short on results.
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Old 03-11-2023, 04:59 PM   #28
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Mebbe he’ll buy it for 2 dollars a share like JP Morgan bought Bear Sterns.
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interesting. MuskRat wants to buy SVB and create a digital bank on twittybird. SVB itself was discreetly asking for capitol before the run and said 3.5 billion was their ask. this might be worth doing if MuskRat can grab SVB for only 4 billion spent.

Combining finance and technology could save Musk's and Twitter's ass. But I say the platform should fade out. How important is Twitter to the economy? Why do so-called "important" people trust the platform? It's a private social media company like this one. I trust ECCIE rumors more than Twitter rumors. If Twitter went bust, does it deserve a government bail out?

Hmmmmm?

P.S.
Nothing found about Oprah losing out on this collapse. Just a quick GOOGLEing.
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Old 03-11-2023, 05:00 PM   #29
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Listen to this asshole

https://t.me/BoldSpearElmerFudd/115306

He sold 4 million shares a week ago.
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Old 03-11-2023, 05:17 PM   #30
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Listen to this asshole

https://t.me/BoldSpearElmerFudd/115306

He sold 4 million shares a week ago.

He sure does sound like an asshole. "They got all the angles figured out."


Selling out while asking others to stick around? bambino:
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