2 Stocks Warren Buffett Should Buy in 2023
According to the latest available information, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) had about $109 billion in cash and equivalents on its balance sheet. CEO Warren Buffett insists on keeping a $30 billion cash cushion at all times, but this still leaves nearly $80 billion of investable capital.
Buffett and his team may not be as eager to put their money to work as they were about a year ago. For one thing, Berkshire has already spent tens of billions in the recent market downturn. And now that interest rates have risen significantly, Berkshire can earn far greater returns on its cash, most of which is invested in short-term Treasury securities.
However, it's also true that there are some excellent businesses trading at valuations we haven't seen in years. Here are two excellent examples that could be great additions to Berkshire's portfolio. You may want to take a closer look at them, regardless of whether Buffett and his team end up buying.
Source Fool.com
