Berkshire's philosophy for financial metrics.
CM: One metric catches people. We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that.
Some publicly listed companies that are "drowning in cash" at the moment.
Heidrick & Struggles International Inc. (HSII) - down 40% Y/Y
Cryo-Cell International Inc. (CCEL.OB) - down 68% Y/Y
Apparently swimming in cash is a bit different than drowning in it, as these 0 debt companies seem to indicate. It's not 0 debt, it's Cash Flow that's King.
Microsoft Corporation (MSFT) - down 3.6% Y/Y
Berkshire Hathaway Inc. (BRK-A) - up 13.5% Y/Y