Buffett is sitting on more cash than the total FUM of Platinum and Magellan combined ($50bn)

Buffett is sitting on more cash than the total FUM of Platinum and Magellan combined ($50bn). It's a huge drag on performance and the only way he's going to be able to put that sort of cash to work is if we have a financial crisis every five years. Time to start giving some back to Berkshire shareholders.


Steve Johnson
Founder & Chief Investment Officer
Forager

Steve began Forager Funds in 2009, and now manages approximately $470m across two funds. Offering a listed Australian Shares Fund (FOR) and an unlisted International Shares Fund, Steve focuses on long-term investing in undervalued companies.

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