Why cash is like oxygen · Transcript · BuffettMungerGPT

WarrenWe believe in having cash and there have been a few times in history and will be more times in history where if you don't have it, you don't get to play the next day. I mean, it's just like oxygen, you know, it's there all the time, but if it disappears for a few minutes, it's all over. Some of our companies have bank lines. I don't know why they have the bank lines. We're better than the banks and we'll give them. the money if they needed but but you know the local bankers have been calling on them and they need something to do everybody else has bank lines so it's harmless uh but our there's no reason for any of our subsidiaries uh to have bank lines when bircher is stronger than the banks that they're uh i didn't hear exactly what you i don't know what that was a banker screaming or i don't i don't really like to torture I don't like to torture anybody.