Subject: Re: BRK Energy Bonds
>>Isn’t Berkshire’s cash/equivalents in mostly ST treasuries? Doesn’t seem like they think rates will fall anytime soon.<<

It's not a play on rates. He had more than $100 Billion in these cash equivalent Treasuries when they paid almost nothing. In terms of risk-- there's essentially zero chance you won't get paid back-but there is risk those dollars paid back will be crushed in buying power. So, you'd like to put the money to work buying productive assets-eventually--for many reasons. Or, if the bond market blows up--you get that served up to you. Optionality