Warren Buffett, has a way with words, and none is quite as poignant as his comparison of cash to oxygen. He noted, “Cash… is to a business as oxygen is to an individual: never thought about when it is present, the only thing in mind when it is absent.” This analogy could not be more relevant today as Berkshire Hathaway, Buffett’s conglomerate, sits on a staggering $325 billion in cash reserves. While a pile-up of cash might sound like a luxury—especially when many businesses are scrambling for survival amid rising costs and economic uncertainty—Buffett views liquidity through a strategic lens….
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