MicroStrategy co-founder and executive chairman Michael Saylor recently criticized Warren Buffett's Berkshire Hathaway for its cash management strategy during an interview with the PBD Podcast. Saylor highlighted the inefficiency of Berkshire's $325 billion cash reserves, arguing that this amount can at most generate a 3% after-tax return while facing a 15% capital cost. According to Saylor, the resulting 12% negative real yield translates to an annual loss of $32 billion in shareholder value. Microstrategy, especially under Saylor's leadership, strongly advocates for using Bitcoin as a financial asset. Saylor believes BTC has unique advantages, such as preventing inflation and currency devaluation, and encourages companies with excess cash reserves to consider it as part of their financial strategy. However, he acknowledges that each business has unique financial goals, risk tolerance, and regulatory considerations, making universal advice impractical. Saylor speculates that even traditionalists like Warren Buffett might be persuaded to accept Bitcoin. He quoted Buffett's late business partner Charlie Munger on the podcast: "I bet if I were alone with Buffett in a quiet environment for an hour, when I walked out, he would say Bitcoin is a great idea. Charlie (Munger) would love it. We should buy some." (Bitcoin.com)
