A Money Printing Machine That Generates $69.8 Mil A Day
image credit to dreamstime.com In my last blog post, I talked about “The Power of Free Cash Flow” , the importance of having consistent and sustainable free cash flow for companies which would allow them to pay a dividend or buying back their own shares. Imagine if there is a company that could generate $68 MIL a day , do you think such company exist in world stock market ? Yes! It's Berkshire Hathaway (BRK ) and it was sitting on a massive cash pile at the end of 2018 and the cash continues to increase quarter by quarter in billions of dollar. BRK is sitting with a gigantic cash amount of USD 114 Billion as of 1 st Quarter 2019. For the past 3 years, Berkshire was able to generate Free Cash Flow of USD 25.5 Bil /year (on average) and this will translate to about USD 69.8 Million / Day.
