Subject: Re: Baron’s On Q4
The case for a dividend is that Berkshire is sitting on a near-record $373 billion of cash, including $127 billion at the parent company where there are restrictions on distribution to shareholders -- most of the rest is at insurance units.


I believe Bary probably means the opposite of what is suggested here: the money at the parent company is subject to less restrictions than the money in insurance units, not more.

dtb