In the Berkshire Hathaway annual report (which is a cracking read) Warren Buffett talks about the benefits of a less volatile business scenario like this:
"Charlie and I believe in operating with many redundant layers of liquidity, and we avoid any sort of
obligation that could drain our cash in a material way. That reduces our returns in 99 years out of 100. But we will
survive in the 100th while many others fail. And we will sleep well in all 100."
Ann: Trading Update , page-51
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Last
$17.08 |
Change
0.050(0.29%) |
Mkt cap ! $19.63B | |||
| Open | High | Low | Value | Volume |
| $17.20 | $17.23 | $16.99 | $106.3M | 6.349M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 937 | $17.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.08 | 4303 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |