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.
Reflections on Value Investing: 2008 Berkshire Hathaway Shareholder Meeting: Detailed Notes
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
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