Cash holding of big companies ($ billion):
Alphabet: 113.8
Microsoft: 104.8
Amazon: 70.0
Apple: 48.3
Meta (Facebook): 40.7
Berkshire Hathaway: 35.8
Tesla: 22.2
Nvidia: 13.3
(as of most recent annual filing)
Stupid
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Why is this stupid?
Sorry! Should have used more words. It's stupid to hold cash in such an inflationary economy.
Come to think of it... All these gigantic cash stockpiles might just be why JayPow is so dead set on bringing down inflation 🤔
