Subject: Re: Life Beyond Cash
Berkshire’s cash does not get deployed in a smooth, quarterly, Wall-Street-friendly manner. It gets deployed in massive, lumpy, highly opportunistic waves. After long investment droughts. We wait very patiently for fat pitches.

You might have missed it but there is a completely new person in charge with no individual track record of deploying anything like the sums that need to be deployed. Putting the Buffett nostalgia to one side, please feel free to cite examples that relate to Abel managing deployment of multi hundred of billions across public and private markets.

And by the way, I have been a holder for more than 30 years and have a reasonably sized position and am very familiar with long term holding of business positions. My concerns stem from both the size of the cash pile as well as the retirement of Buffett leading to Abel being the person in charge. Obviously it doesn't bother others as much and that is fine. We can wait and see how it pans out but the my ability to indulge Abel is several orders of magnitude lower than it was with Buffett.