Berkshire Hathaway, the legendary and well-known investment company of Warren Buffett, currently has more money invested in US Treasury bills than the central bank of this country, American Business Insider reports.
From the beginning of the year to the end of June, the company of the mentioned investor increased its amount of bills by as much as 81 percent to 234.6 billion. dollars. The American Central Bank has 195.3 billion. dollar-denominated treasury bills.
Warren Buffett keeps such a large amount in Treasury bills because he could not find an opportunity to invest in a company that would offer him a profit greater than 5 percent, generated annually. And without risk, Business Insider emphasizes.
It is recalled that at the general meeting of shareholders of Berkshire Hathaway held in May, Warren Buffett said that debt securities are the "safest investment". Business Insider points out that the high-profile investor's current holdings of Treasury bills give him roughly $12 billion. dollars in annual interest, which is also tax-free.
