But Macrae Sykes, portfolio manager at Gabelli Funds, said Berkshire’s cash pile should also be viewed as a key asset because it ensures “the competitive ability of Berkshire to respond with alacrity and at significant scale when motivated.

But Macrae Sykes, portfolio manager at Gabelli Funds, said Berkshire’s cash pile should also be viewed as a key asset because it ensures “the competitive ability of Berkshire to respond with alacrity and at significant scale when motivated.