“It has $365 billion of cash that's mainly invested in short-term treasuries… the Fed essentially gave Berkshire a billion-dollar raise by raising rates.”
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Said on Motley Fool Hidden Gems Investing
Straight Talk with Mark Bouris · Economist Chris Joye WARNS: "We're Going Into Recession" And How We Fix It
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Sell the National Broadband Network (NBN) to raise cash
expected proceeds $20-30 billion
“It has $365 billion of cash that's mainly invested in short-term treasuries… the Fed essentially gave Berkshire a billion-dollar raise by raising rates.”
“By then we raised our minimum to 10 mil. QSBS is not a low network strategy. It's a much higher end.”
“You can do the independent thing that I did, which is getting published, establishing your own voice... seeking out your traditional networks by getting into the national security angle of things, getting internships”
“Sell the investment, transferred the funds to your bank account, drove to the bank, withdrew the actual cash itself, and then spent the cash with real dollars”
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