The Good News is the Bad News

The most recent news in financial world is “Warren Buffett's Berkshire Hathaway had $111 billion of cash on its balance sheet at the end of last quarter, the most in the company's history.” This also implies that almost all investors using Warren Buffett’s way of investment have made lots of money in the past few years.

This is surely good news. However, holding so much cash is definitely an opportunity lost and Mr. Buffett knows it very well. That’s BAD news. Obviously, Mr. Buffett and his team have been thinking that everything in the finance market is too expensive. They have been holding on their cash for quite a while. Mr. Buffett said in his annual letter back in February, saying the lack of attractive pricing "proved a barrier to virtually all deals we reviewed in 2017."

In a way, this is good news for Valuebay. We are not alone at least.