Berkshire Hathaway has a ~$400B cash pile, management (Abel/Buffett) considers the stock undervalued and plans buybacks, and it historically rose during the market panic in early 2025. This makes BRK.B an asymmetric investment: it should hold up or appreciate if the market crashes (safe haven, dry powder) and will also perform if the market rallies (undervalued, buybacks). It is positioned as a hedge against market downturn and a good investment regardless of near-term geopolitical/economic outcomes. A deep recession could still negatively impact Berkshire's operating businesses; the historical inverse correlation may not hold; a swift peace deal leading to an oil crash may not trigger the market-wide panic the author anticipates.
BRK.B
HIGH
Apr 02, 16:45
Key Points
['Massive cash = dry powder & safety', 'Mgmt sees value, buybacks likely', 'Historical safe haven in panics', 'Hedge for crash or rally', 'All-in author position']
April 02, 2026 at 16:45