Warren Buffett

Berkshire’s $358 Billion Question & the Money Multiplier Myth

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The brilliant thinking of Ludwig von Mises (1881-1973) has been unfairly besmirched by a rather absurd “money multiplier” theory puzzlingly embraced by his more modern followers. Mises’s self-proclaimed disciples have long promoted the fiction about money somehow multiplying itself via bank lending… Continue reading on Forbes.

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Buffett’s Bearishness Tramples on the ‘Money Multiplier’ Myth

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Berkshire Hathaway has $340 billion in cash and cash equivalents. Media speculation indicates that the sidelined funds signal Warren Buffett’s belief that corporations are presently overvalued.  Without presuming to know the precise thinking of one of the world’s greatest investment minds, it’s better to focus on the smaller truths of Berkshire’s cash stash. Specifically,

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