Still holding cash at home? Warren Buffett calls it oxygen, but says it’s not good as an asset

Warren Buffett, the legendary investor, has expressed his opinion on holding cash at home. He views it as a necessary evil, or "oxygen," but not a good asset in its own right. This means that Buffett believes cash should be used to make investments, rather than being left idle. His comments are significant because they reflect Berkshire Hathaway's strategy of deploying its large cash reserves, which has led to recent share buybacks and significant investments in equities, including a major purchase of Alphabet stock.

Why it matters

Berkshire Hathaway is deploying its cash reserves into equities, which could indicate a positive outlook for the market. This move may boost investor confidence and lead to increased investment in the stock market.

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