Subject: Re: What are we missing?
I’ve been thinking of the 300+ billion cash on hand but Buffett quietly said that they’re allocating capital to 3 month treasuries. As he often has said, all decisions are made in relation to the next best idea. IOW, “Nothing measures up to the risk free 3 month stuff at the present moment.”. I wouldn’t call it cash!

It's the closest thing to cash as there could possibly be. Unless maybe something like $20 bills in a storage unit like in Breaking Bad.

He can't exactly open a savings account at FNBO (the largest bank in Omaha) and deposit $300,000,000,000.