Berkshire's Growing Cash Pile Has A Hidden Message On Stocks

Authored by Ven Ram, Bloomberg cross-asset strategist,

US stocks are seeing no evil and certainly hearing none, but Berkshire Hathaway’s ever-growing cash pile should hold a tacit warning for those who are overexuberant.

Berkshire’s war chest surged to a record $189 billion at the end of the first quarter, and Chair Warren Buffett told shareholders over the weekend that he expects the pile will rise to $200 billion soon: