Shuli Ren, Columnist

What Warren Buffett and Li Ka-shing Hoarding Cash Tells Us

The Oracle of Omaha and Superman have a long history of selling at the right time. What do they see?

March 27, 2025 at 7:00 PM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

One of the real dealmakers.
Photographer: Christopher Goodney/Bloomberg

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One is known as the Oracle of Omaha, the other as Superman. Warren Buffett and Li Ka-shing are the two most revered investors in the West and East. Now that both, in their 90s and just two years apart in age, are hoarding cash, is it an omen of a major financial downturn?

Buffett’s Berkshire Hathaway Inc.'s cash pile is already the subject of rampant market speculation. The conglomerate is entering 2025 with $334 billion, or a record 29% of total assets.