The large amount of cash and short-term investments a company keeps.
现金储备
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| 3% | Too much cash, and the best buy is itself 现金储备 · 第 8 张术语卡 | It reached $377.4 billion, up 3% in the quarter and more than the $335.5 billion stock portfolio. 现金不产生经营利润，但提供选择权：市场恐慌时可以买，机会来了不用借钱。伯克希尔的现金大多放在短期国债（T-bills）里，既拿利息，又能在几分钟内变现。代价是长期跑不过好企业——所以现金太多也会被股东质疑。 |