Evidence receipt / preference
Published · transcript-backedDavid Rosenthal: preference
7 Jun 2021 Acquired Berkshire Hathaway Part III
“The way I think about it is just, should I need emergency liquidity for something in the near term, I don't know what that would be, that's what my Berkshire is.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- preference
- Recorded
- 7 Jun 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part III
Transcript context
…This is for your safety. This is in my safety portfolio. The way I think about it is just, should I need emergency liquidity for something in the near term, I don't know what that would be, that's what my Berkshire is. It's exactly what you're saying. It's my bad term, but the equivalent of a widows and orphans fund, terrible term. But the capital that I can feel good about—I actually thought a lot about this over the past year. I used to keep an allocation in just a fairly sizable allocation in cash for this purpose. Then I was like, well that's just stupid. To keep cash is just dumb. Again, not investment advice.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.