Agreed. There are a lot of confounding factors.DiabloWags said:
Interest Costs Have Nearly Tripled Since 2020 -2024-11-20
Net Interest Costs:
2020: $345
2021: $352
2022: $476
2023: $659
2024: $882 Billion
Note: Buffet is primarily a value investor. He's not a "growth" investor.
Thus, his large cash position is not surprising. The current forward P/E for the SPX is 22x